What is the most basic rule to follow if you want to become rich? I believe it’s to spend less than what you earn. The better version is: Spend less than what you earn and invest the difference. But we just want the basics… the most important rule of wealth building. Which, to state it […]
Tags: delayed gratification, Frugality, Personal Finance, saving money
I am often asked by people how I was able to quit the corporate world and become an entrepreneur. And many times, I would simply share my life story to them. I’d tell them how I planned my resignation from work, how I built my first business, and how exactly I managed my finances. I […]
Tags: delayed gratification, dreams, goals, life purpose, Mindsetting
Do you know the story of Walter Mischel and his marshmallow test? I wrote about the Stanford Marshmallow Test here more than a year ago and it’s wonderful to relive the lessons learned in that experiment through this talk by Joachim de Posada. Joachim de Posada is a Hispanic-American motivational coach. He helps companies find […]
Tags: delayed gratification, Inspirational, marshmallow test, Mindsetting, secret to success, TED Talks
I remember reading a story years ago about a farmer who received a calf from a rich man. Hopeful that the calf will be able to help him have a better life, the farmer did his best to take care of it. But as the calf grew, so did the farmer’s expenses. One day, he […]
Tags: delayed gratification, inspirational story, Investing, investment story, investments, Mindsetting, patience
In the late 1960’s, a psychologist named Walter Mischel conducted an experiment on a group of four-year olds. He gave each child a marshmallow and told them that if they don’t eat it and wait for him to return in the room after 20 minutes, he would give them another one as a reward for […]
Tags: deferred gratification, delayed gratification, marshmallow test, Mindsetting, walter mischel
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