Delayed Gratification
Delayed gratification is the ability to postpone an immediate gain in favour of a greater and later reward. You might make £1000 and go and want to spend it immediately we’ve all been there. At a young age, you come into a bit of money and think I can buy this LV pouch or I can go and buy these Balenciaga’s. That is not the mindset to have. With this mindset, you won’t get far in life and truth be told you will 100% regret it in the future. You work so hard to earn that money so why would you want to go throw it away? You should be investing that money. Planting the seed, taking your first step because no one I have ever met has ever regretted investing. Yes, sometimes your money can go down and it’s guaranteed you will make money but trust me as soon as you take that step you will not regret it. Investing is like an addiction it can be a bad one if you invest in rubbish but it can also be a good one if you invest in the right things. Like I said at the start delayed gratification is the ability to postpone an immediate gain in favour of a greater and later reward. Invest your money now compound it up and in the future, you will reap the rewards. I’ve never met a rich man who hasn’t got any assets. Ask someone who’s got lots of designer clothes at a young age if they have any investments and the answer will most likely be no. The ability to delay gratification is essential to self-regulation, or self-control. You invest your funds in stocks and crypto and leverage economic opportunities, financial analysis, and effective investment strategies to ensure your investments grow.
However, for your investment to form into the bountiful harvest you know it can be, you must wait and be patient. In investment, delaying gratification requires that you make a few financial sacrifices now in order to have the opportunity of a lifetime of dividends. A good reason for this is that to unleash the exponential growth of your finances, interest will need to be compounded and accumulated over a long period of time. For me it’s simple you can either look cool today by spending your money on the so-called ‘drip’ or you can invest stay quiet repeat the process over and over and then reap the rewards in 5-10 years. All it takes is 5-10 years of consistent investing to become very financially sound. You will be surprised at how powerful compound interest is. You might even think 5-10 years is too long, but if you’re 20 when reading this and someone tells you at age 30 you could be in a very good place financially, why would you not listen. Don’t get caught up in all these social media fantasies. Yes there will be people aged 20 making 6 figures+ a year and I’m happy for them and so should you be. However, we’re all on our own paths and the end goal is always the same which is to be financially free. If you want to learn how to do that join the WiFi Stocks Group on telegram.
Written By Bassi
Financial Advisor
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This is eternally invaluable wisdom bro. You are too cold wid it still icl. Keep on pushing.