Instant Gratification Has Overtaken Your Financial Power.
“Waiting sucks!” How many times have you thought that? While it may not feel great at the moment, waiting when it comes to spending is key to reclaiming your financial power. Remembering that old adage that “patience is a virtue” can be extremely tough in this age of instant gratification.
In today’s world you can buy now, one click order, get no interest down, and enjoy same day shipping—but have you asked why? Why is it so ridiculously easy for you to spend your money? Is it…
- Because they’re committed to your convenience? (You can’t be that naive.)
- Because you’ll buy from their competitor if they don’t? (#Facts but..)
- Because they want your money, they want it all, and they want it now?
DING, DING, DING!!! We’ve found our answer at #3. Understand that your need for instant gratification is a conditioned response. When you’re first born into the world, you want everything ASAP. And as a baby that’s mostly ok because what you want is essential, food, love, to not be lying in your own 💩. But as you get older, good parents teach their children to wait which is why we get the terrible twos. That’s the period where we fuss and complain and generally are a nightmare to be around until we learn that you can’t always get what you want.
Unfortunately retailers have spent decades undoing the hard work your parents put in to recondition you to expect instant gratification. Why? Because they want your money—all of it! Picture a tiny stopwatch inside every dollar you own. When the start button is pressed, the dollar starts earning interest. Each dollar is ticking away, earning money for someone. Is it you, or is it the institution that has your savings account, car loan, mortgage, student loan, paycheck, or your next pumpkin spice latte? Every dollar that passes through your hands will earn money for either you or someone else. Every time you put your hard earned cash in the hands of someone else, you’re handing out little money stopwatches that never stop ticking.
It’s time to reclaim the earning power stolen by your need for instant gratification.
Money you put to work today has the potential to earn more interest than money you put to work tomorrow. Why? Because it has more time to grow. Those who know how money works never want to waste a single day of earning potential.
Did you think it’s a coincidence that taxes are taken out of paychecks now but tax refunds are not paid until the next year? Ever wondered why financial companies hold funds for a few days rather than release them to you immediately? They pay it out only after they’ve squeezed out every possible day of earning.
They’re not doing anything wrong. They’re just taking full advantage of the Time Value of Money. It’s time you did too.
It’s good if this makes you mad. You should be—you’ve been treated like a sucker. Your logical mind and personal finances are covered with the weeds of instant gratification. This threatens ALL your goals for the future. Start ripping the weeds out by reading HowMoneyWorks: Stop Being a Sucker today. Click here to request a copy.
This book coupled with guidance from your licensed and qualified financial professional can help you increase your financial literacy, stop the counterproductive behaviors of instant gratification, and start thinking—and acting—like the wealthy.