Patience is a virtue. That’s a phrase I’m sure you’ve heard many times, but it’s not always an easy one to live by. Having to limit your capacity to receive something now for the enjoyment of being able to have something better and bigger afterwards is difficult. Waiting patiently for the future to get what you want is the sacrifice you make by only getting what you need now.

Imagining and envisioning your future is challenging for a lot of people and that is where small, clear financial goals come into play to help you see the progress you’re making toward your future. It is in the little steps that you take now that will add up to the significant results later. The initial results may not seem like much at first, but time and patience will win big in the long run.

“Great investing requires a lot of delayed gratification.” ~ Charlie Munger

Having a plan with goals is the first step. The grit and determination of sticking with the plan for your own future, day in and day out, not just for the week, not just for the month, but for many years and working really hard to make that long run a reality is living life like it’s a marathon, not a sprint. Keeping in mind that the rewards will be delayed is the key factor for building your financial future.

It’s the ability to delay gratification that makes investing possible. You invest when you believe (or know) that by delaying gratification, you can expect greater rewards for your future. That’s what investing is all about! It’s about using your money now to buy time (financial freedom) in the future.

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