Delayed gratification applies in the context of financial principles because it is necessary to NOT buy something that you want with the money you should be investing or saving. The delayed gratification part comes in full circle when you are retired and have an amazing income. Then you will be able to enjoy what you buy even more because you will know that you don't have to worry about the payments on it or worrying about saving for retirement.
It means to basically wait to buy things you really really want until you know you won't have to make payments on it. By waiting, and either saving or investing, by the time you buy it, you won't have to worry about making the payments and will be able to enjoy it all the more.
Delayed Gratification is the ability to resist temptation of buying something. Delayed Gratification is much like wanting to buy the iPhone 6 (It's real, haha) but waiting until you have enough money, in hand, to purchase it.
adam I applies to finances because if you spend all your money on things now you won't have money later on in life. This is the way that people look to the future in order to know what is happening. These people save for the future.
To take time to think through what are needs and what are wants and to refrain from spending money on the things that are frivolous and unnecessary. If we wait until our money has been saved and invested and used to pay for necessary things, then the unnecessary things that we want will have that much more meaning when we buy them after waiting.
Don't spend all your money on things that you want right now because then you won't have as much money for things that you'll need later. It's also good to practice discipline now.
Delayed gratification means that you are disciplining yourself to not go after everything you want right now and waiting for better things later on. Kind of like the live like no one else so that later you can live like no one else.
Delayed gratification applies in the context of financial principles because it is necessary to NOT buy something that you want with the money you should be investing or saving. The delayed gratification part comes in full circle when you are retired and have an amazing income. Then you will be able to enjoy what you buy even more because you will know that you don't have to worry about the payments on it or worrying about saving for retirement.
ReplyDeleteIt means to basically wait to buy things you really really want until you know you won't have to make payments on it. By waiting, and either saving or investing, by the time you buy it, you won't have to worry about making the payments and will be able to enjoy it all the more.
ReplyDeleteDelayed Gratification is the ability to resist temptation of buying something. Delayed Gratification is much like wanting to buy the iPhone 6 (It's real, haha) but waiting until you have enough money, in hand, to purchase it.
ReplyDeleteDelayed gratification means that you are disciplining yourself to not go after everything you want right now. waiting for better things later on.
ReplyDeletesave up your money to buy things you want so you don't have to make payments or find out you couldn't afford it and loose whatever you just bought
ReplyDeletetravis
adam
ReplyDeleteI applies to finances because if you spend all your money on things now you won't have money later on in life. This is the way that people look to the future in order to know what is happening. These people save for the future.
To take time to think through what are needs and what are wants and to refrain from spending money on the things that are frivolous and unnecessary. If we wait until our money has been saved and invested and used to pay for necessary things, then the unnecessary things that we want will have that much more meaning when we buy them after waiting.
ReplyDeleteDelayed gratification means to discipline yourself and save your money. It is thinking ahead, basically.
ReplyDeleteAutumn
It means to wait to get your wants. Then you don't have to make payments on the item because you have enough money to buy the item in full.
ReplyDeleteDon't spend all your money on things that you want right now because then you won't have as much money for things that you'll need later. It's also good to practice discipline now.
ReplyDeleteeyezik
Everybody basically summed up my answer :)
ReplyDeleteDelayed gratification means that you are disciplining yourself to not go after everything you want right now and waiting for better things later on.
ReplyDeleteKind of like the live like no one else so that later you can live like no one else.
delayed gratification is showing self control with your money and not spending it on whatever you want.
ReplyDelete