Secret #3: Develop Long Term Thinking
Another secret of wealth accumulation is to postpone immediate self-gratification and
take a long term view. One of the ruinous actions of (especially) young people is the
“instant gratification syndrome.”
Wealth is not built this way. Instead of believing that you must have the latest smart
phone, the latest gadget, the latest car, postpone those decisions until your
savings/investments grow to where you can buy those things with cash. Do not become a
victim of “keeping up with the Jones’.” Deny yourself for a while and save and invest
Think long term. Successful people are long term thinkers.
The postponement of instant gratification for a longer term gratification is the principle of
sowing and reaping. It is a law of the world. If you do not sow, you do not reap. But
also this is certain: You reap what you sow.
i invite you to share your thoughts on this topic in the comment box below. Stay tuned for Secret #4
Tony Williamson is a motivational speaker and author of the book, "The Courage to Conquer: 9 Inspiring Strategies to Be Bold, Overcome Obstacles & Forge Your Fantastic Future!" For more information please visit www.tonywilliamson.org and on Facebook: www.facebook.com/tonywilliamsonbooks. Email: firstname.lastname@example.org
I am an author, motivational speaker, chartered financial consultant, linguist, paramedic,