It’s just recently that I came to discover the word “delayed gratification”. The words are now more used by financial gurus in delivering motivational speaks to individuals who want to learn more about saving and investing.
So what is a “delayed gratification”? According to Wikipedia, Delayed gratification, or deferred gratification, is the ability to resist the temptation for an immediate reward and wait for a later reward. Generally, delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later.
In general, its meaning pertains to the many things in life. And if we associate it to achieving our financial goals, these two words are one of the powerful driving forces that we can still in our mind to discipline ourselves in saving money. Aside from my ever battle between “wants” and “needs” each time I’m tempted to buy something, I always think of how this little money that I will indulge to a thing that can bring me temporary happiness to me will affect the longevity of happiness I could have when I already achieved my goal.
So if you are really serious about saving and getting your financial goals, think about and practice “delayed gratification”. I bet you, this mind set will spare you from buying things that you don’t really need for now!
Photo credit: creativitypost.com