Have you noticed that you have this little child that lives inside of you? Sometimes, when you see something you want it, and you want it now!
There is quality that separates children from responsible adults: it’s called “delayed gratification”. Unfortunately, it’s a quality that is sadly lacking in most Americans today.
We look at what our parents have and we want it now. We look at what movies and television tell us is “normal” and we want it now. We look at ads in magazines for all of the “toys” and the “finer things in life” and we want them now.
The fact is, your parents probably worked long and hard for what they have. They didn’t have it at 20, or 30, or maybe even at 40. They budgeted, they saved, the spent wisely, and they accumulated the comforts of life without going deep into debt.
They delayed gratification so that they could build their future without taking on a lot of unnecessary risk. Instead of “having it all now” they followed a wise course of delayed gratification — which is the way to financial freedom.
So, when you see something you just have to have right now, ask yourself who is speaking: is it the adult you, or the 5-year old you throwing a temper tantrum and hoping to get his way?