Let's spend USD$2MILLION today + teach you how one day you could too! | Summary and Q&A

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August 1, 2021
by
Simon Squibb
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Let's spend USD$2MILLION today + teach you how one day you could too!

TL;DR

Learn the importance of delayed gratification and how it can lead to success in life.

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Key Insights

  • 🛟 Delayed gratification is a powerful concept that influences success in life.
  • 🌥️ It requires resisting immediate pleasures to pursue larger rewards in the future.
  • 🥺 Teaching delayed gratification to children can lead to better outcomes in adulthood.
  • 🛟 Delayed gratification can be applied to various areas of life, not just financial decisions.
  • 🤔 It requires discipline, patience, and long-term thinking.
  • 🥺 Delayed gratification can lead to better decision-making and goal achievement.
  • 🍉 It involves sacrificing short-term pleasures for long-term fulfillment.

Transcript

it's 6 a.m and today i'm going to spend  over 2 million US$ dollars ,   on one thing! and I want to take you on the  journey with me to show you what i'm going to buy   why i'm going to buy it but more importantly how  i've managed to get to a point in my life where   i can buy whatever i want cash the secret to it  all is something called delayed ... Read More

Questions & Answers

Q: What is delayed gratification?

Delayed gratification refers to the ability to resist immediate satisfaction in order to achieve a greater reward in the future. It involves patience and self-control.

Q: How does delayed gratification contribute to success?

Delayed gratification teaches discipline, patience, and long-term thinking. By postponing instant gratification, individuals can focus on their goals, work hard, and make better decisions that lead to success.

Q: Can delayed gratification be applied to other aspects of life besides buying assets?

Absolutely. Delaying gratification can be applied to various areas, such as career advancement, education, personal relationships, and physical health. By sacrificing short-term pleasures for long-term gains, individuals can achieve greater fulfillment in these areas.

Q: How can one develop delayed gratification skills?

Developing delayed gratification skills requires self-awareness, setting meaningful goals, creating a realistic plan, and practicing self-discipline. It also helps to remind oneself of the long-term benefits and continually reinforce the importance of delayed gratification.

Summary & Key Takeaways

  • The content discusses the concept of delayed gratification and its impact on success.

  • It shares a story of a child study which found that those who delayed gratification were more successful later in life.

  • The content then applies delayed gratification to the purchase of a home, showcasing its benefits in securing a property at a good price.

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