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Almost everyone, everyday, practices some form of delayed gratification. Whether deciding to skip certain foods in order to lose weight or give up unhealthy foods in order to live longer. The ability to delay gratification is a sign of emotional and social maturity. It is something that is learned as we get older. Young children, for example, find it more difficult to delay gratification than older children. When kindergartners in one study were offered a choice between getting a small candy bar immediately or a larger one later, 72% chose the smaller candy bar. This number decreased to 67% among first and second graders and 49% for third and fourth graders. By the fifth and sixth grades it had fallen to 38%, nearly half the rate for kindergartners. A researcher Walter Mischel conducted what would later become known as the famous Stanford marshmallow test. Mischel studied children between the ages of four and five. He left each child in a room with a marshmallow, telling them that he would return in 15-20 minutes; he explained that if they hadn’t eaten the marshmallow by the time he returned, he would reward them. Fourteen years later, Mischel followed up on the children: those who had not eaten the marshmallow were more self-motivated, educationally successful, and emotionally intelligent. This study proved that the ability to wait for delayed gratification has as positive impact on where you end up in life. Some people have never been able to learn to delay their gratification and have found that buying what they want NOW makes them feel good, creating a never ending cycle. The credit cards companies have done a super job helping us feed the "buy it now", "pay it later " system allowing them to leverage you. Debt is cash flow into someone else's pocket so that they can live the life of their dreams by taking the cash out of yours. It is that simple. There are so many programs for debt consolidation, credit restoration and even debt elimination through negotiation. In my ersonal research, I have found that many return right back into unmanageable debt just a few short years later. Why? You also have a simple choice as well, it is called delayed gratification. Some how people have bought into a new set of values - live for today, pay for it tomorrow. In the mean time what they pay for today, they throw it away before they ever pay it off. Many of the current trends are teaching us to reevaluate our values. Do we want all this stuff? Are WE the big house, the large car or the fancy stuff? I don't think so. It is much better to live a life full of experiences and joy then the stress of living pay check to pay check. Two people that I think are doing a super job in trying to send this message are Dave Ramsey and Larry Winget. They have different personalities and will resonate with different people, so check out both of their sites and read up on what they have to say. Cash Flow Potentials will share with you the secrets of the wealthy and a balanced life. We also give you a free guide on how to reduce your debt and eventually eliminate it. If you want to accelerate your debt reduction, we show you how a low cost of entry personal franchise, having your own business, will accomplish that for you. You might have to change some habits, but it is definitely worth it! Ready to live debt-free? Cash Flow Potentials has revolutionized the understanding of debt by creating the Debt Consolidation Guidesbook so you have YOUR solution. We have successfully eliminated the need for embarrassing and time consuming “counseling” sessions that accompany all other debt programs. Our guide will explain the basics to you each step of the way. The best part is that you can do it all from the comfort and privacy of your home or office. To see how Cash Flow Potentials can help, simply click here. For less than $5 dollars you can follow our proven system for wiping out debt permanently and you'll never worry about creditors again!
About The Author: Andrew Van Valer is a noted real estate investor, author, speaker, coach and CEO of Zyzyrgy.com and writes on a variety of subjects related to finance, debt reduction, personal franchises and home based businesses.
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