In this new age of rapid information, rapid implementation and rapid results, the virtue of patience took a back seat. In fact, the idea of waiting for things is almost inconceivable for a lot of people, most especially when it comes to your financial future. After all, you know what you want, and you want it now! “Why wait for tomorrow when I can have it today.”
That way of thinking is the instant gratification mindset, which can affect you in all different areas of your life, not just your finances. When you live in a time of fast food, the microwave, email, text messaging, commercial free binge watching and anything else you can think of, it’s no wonder you don’t have much patience for things. It’s gotten to the point where having to wait for something is actually annoying.
“The ability to discipline yourself to delay gratification in the short term in order to enjoy greater rewards in the long term, is the indispensable prerequisite for success.” – Brian Tracy
Now don’t get me wrong, these advancements are great and have provided pretty cool things that serve their purpose in the world we live in. Although, when it comes to money and finances, that mindset of instant gratification can (and will) wreak havoc not only for the future health of your finances, but your present financial health as well. When it comes to money and finances, you have to take advantage of the benefits that time and patience has to offer.
For the purposes of your financial health, delayed gratification and sacrifice are two timeless principals that will never change in this quickly changing world. The only way to get on the road to financial freedom is to understand and apply these two very important principles. Otherwise, you’ll inevitably find yourself living paycheck to paycheck with no end in sight.
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