The Hidden Power of Purchase Delay
Abrahams Wallet6 Nov 2019

The Hidden Power of Purchase Delay

Your ability to delay gratification might be one of the most powerful determinants of your success in finance… heck, in all of life.

Don’t believe me? Well, have you ever heard of the marshmallow experiment? Sure you have: some gentlemen at Stanford, back in the late 60s, offered over 600 children a choice. They were sat down at a table and a marshmallow (or similar treat) was placed in front of them. They were told they could eat the marshmallow as soon as the researcher left the room – no problem – OR they could wait 15 minutes and receive a second marshmallow to enjoy. Some kids chomped the treat immediately, others waited and saw a 100% return on their investment.

Why do I care about this experiment? Well, the two gents who were running this experiment followed up on each group over the next several decades and found some fascinating correlations. Those who delayed gratification ended up winning at almost every stage of life in significant ways. They were described by their parents as significantly more competent as adolescents. They had higher SAT scores, faster reaction times in an emergency situation, and were better as adults at controlling their response to alluring temptations.

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How to Feed a Family of 5 on $360 per Month

How to Feed a Family of 5 on $360 per Month

In this special guest episode of the Abraham’s Wallet podcast, hear Alexis Tunnell give you some quick hits on how she manages to feed a family of five humans on a mere $360 per month grocery budget. Then, stick around to hear an interview with the updated tips she has 18 months later, since her original article was published waaaaaay back in 2017. Original blog post can be found right here.

10 Juni 201914min

You Need a Board of Directors

You Need a Board of Directors

At Abraham’s Wallet, we believe in the real need for heavy community involvement in your financial life. This is both important and totally foreign to us. In an era where social media, that great destructor of actual relationship, has obliterated most social norms (“Don’t talk about politics with people you don’t know well”? Yeah, that sounds almost quaint, now…), you still don’t see people posting their budget or income on the Facebook. But we Kingdom dudes do things quite a bit differently so… Click here for the original blog post!

4 Juni 20199min

A Cautionary Tale of Two Mothers Days

A Cautionary Tale of Two Mothers Days

Can I take a moment to address the dads among us? Today, I’m out to tell you a cautionary tale of a series of events that, individually, lie somewhere in the zone of thoughtless oversight, but collectively form a perfect storm of marital horror. Read up gents, and don’t do what I did. See the original blog post here.

24 Maj 201918min

How We Do Goals

How We Do Goals

We’re big on goals here at the Wallet. A cool and amazing promise: once you start setting goals, you’ll be utterly amazed at how you can “speak things into existence” just the way that your Abba does.  So pull up a chair and listen to Uncle Stevie tell ya how we do goals… Check out the full post right ‘chere.

21 Maj 201911min

Own Nothing

Own Nothing

I’m here to tell you that spending less is not the goal; I’m here to tell you that spending BETTER will revolutionize your life.  I mean it.  But we can’t even talk about spending until you realize that you don’t own all that stuff and money you’ve managed to pile up. Let’s get to that and we’ll end up dealing with your spending questions along the way.  See the original blog post here!

16 Maj 20197min

Hold Up On That Offering Plate

Hold Up On That Offering Plate

Have you relied on your local church to teach you everything about what the scriptures have to say when it comes to money? Odds are you’ve found a great starting point, but that you’ve missed some critical pieces of the puzzle. View the original post here!

9 Maj 20198min

All Debts Good and Bad

All Debts Good and Bad

So you’ve budgeted your heart out. Nice work. And you are spending less than you are earning. Enthusiastic high five! And your budget has revealed to you that you previously thrown off cash like a Kardashian jettisons marriages (We’ll be here all night! Try the shrimp!)? Womp womp. The result of your former ways may very well be (in fact, statistically speaking, almost certainly is…) the American Dream-maker… DEBT! Or you may have mountains of debt and framed papers on your wall to show for it. Or perhaps a lovely 4 bedroom craftsman-style home, replete with open concept kitchen remodel with bleached faux barn wood flooring. Regardless of how you got here… shall we consider how to deal with debt? (Yes, let’s!) You can find the original blog post for this article here!

8 Maj 20198min

Budgeting 101

Budgeting 101

The explicit goal of this website is to equip YOU to be capable and confident of stewarding more (more children, more disciples, more money, etc.). As illustrated in our fabulous, touching, soon-to-be-award-winning Abrahamic drama above, he who cannot give an account of how he has managed what he has should NOT be entrusted with more. (Big definition coming up, get ready…) A BUDGET is a tool for planning and monitoring the financial assets and income streams with which we have been entrusted. See the original blog post here!

8 Maj 201913min

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