Delaying immediate gratification at the right time (which is more often than not) is like making a sound investment that will earn interest for you down the line.
Indulging in immediate gratification at the appropriate moment is like cashing out on that same investment, and spending it on a luxury or vacation that’s super worth it.
UGGGGGGHHHH…I hate this. I know it to be true, but I still hate it.
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I did too, and then I started making it into enough of a habit where I didn’t. It can actually start being nice…kinda like being a little hungry before eating.
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I like how you said “at the right time” — I think that is the key!
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Simple economics: the concept of opportunity cost. You nailed it.
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I used to be tempted by Cinnamon Gum while in the checkout line. Should I throw caution to the winds and gamble away the baby’s milk money on such a thing, or would it be better saving that money in my local corrupt bank, with it earning minus interest for the rest of my life?
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Depends on your long-term strategy. What problems are most relevant to you? Once you determine that, you can start prioritizing, planning, and adjusting on the fly.
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Absolutely. I also think it makes you appreciate what you do have more – if I’m constantly buying little treats for myself, it is not going to feel as rewarding as it would if I only indulged on special occasions.
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Exactly.
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