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The Prize of Delayed Gratification

tyronesolee · 7 · 1252

tyronesolee

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on: May 01, 2014, 01:54 PM
We always here the words "live life to the fullest" because we never know when will we die.

One person would say: "You can't bring your wealth to heaven when you're already dead so while you're still living, live life to the fullest because you'll never know  when your time comes."

Another person would say: "Ubus-ubos biyaya, bukas ay nakatunganga."

There's always a battle between instant gratification versus delaying gratification but the latter is a good tactic of building your financial future.

Suppose person A, being a follower of delayed gratification, started investing early at the amount of 35,000 yearly for 6 years from age 25 to 30. Person B, being a follower of instant gratification, started investing the same amount at a later age of 31 and continued investing the same amount yearly until the age of 50. Given the same rate of interest rate, which one has more at the age of 50?  :D

Read on... http://www.millionaireacts.com/3140/the-prize-of-delayed-gratification.html


GIG

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Reply #1 on: May 02, 2014, 12:01 PM
The key to life is happiness. You should start chasing it as soon as you can. Now if your happiness is counting money then I think this example would fit you. But really there is more to life than net worth and what not. I have friends which are "on delayed gratification mode" that scrimps on living life. I mean they become annoying due to their constant borrowing of things just because they are saving for something. Small things like snacks, shirts,jackets, shoes, taxi fares, cars etc. I mean don't they know they are saving while their friend is spending? I hope you guys don't fall to this trap. Having savings is a must but please not at the expense of your friends and family. And live life to the fullest, have fun. Believe me its not the number of millions you have in your bank account that makes you happy. If you are happy everyday then your successful in my book.


casanova

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Reply #2 on: May 02, 2014, 12:17 PM
well it depends on the person on what degree of gratification you want to enjoyed. But life is still short so enjoy it and not waste the time counting.

its the journey that is important not so much about the destination. Its the climb.


kulatir

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Reply #3 on: May 04, 2014, 02:45 PM
Just enjoy your life today but don't forget that you also need to enjoy your tomorrow. Pwedeng sumabay sa uso para hindi naman mapagiwanan pero kung gagastos eh dun lang sa sakto sa pangangailangan. Hindi kailangan bumili ng mahal para lang magyabang.


empleyado

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Reply #4 on: May 04, 2014, 02:58 PM
I think it's ok, just don't overdo it.


Palamig

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Reply #5 on: May 04, 2014, 09:36 PM
The prized is "anxiety".


Market_Market

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Reply #6 on: May 05, 2014, 01:00 AM
The prize is less stress.
In case of emergency, you know you have money to cover it.

* 5 Starbucks coffee this month could be medicine for your sick child a year from now.
« Last Edit: May 05, 2014, 01:02 AM by Market_Market »


 


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