Did you know a recent study discovered the average American household credit card debt is $7,123?*
This was one of the conclusions from the study:
People that have no credit card debt have mastered the art of delayed gratification.
Ever stumble on an amazing piece of clothing or tech gear and you have to have it?
I’m sure you’ve been there before. (I have. My weakness is motorcycles!)
The problem is when gratification goes unchecked and everything you do is a reaction.
Cheap deals on SUV’s.
Amazing new business idea to start.
It’s the forgotten muscle that you need to flex and strengthen if you want to succeed.
Successful people know how to say “no”. They have mastered the delay of gratification because later rewards are greater.
They have a crystal clear picture of their dreams, set goals and focus on their life to reach them.
I can’t stress how important this is.
Everyday there will be situations that tickle your need for instant gratification. We all have it.
You have to drown out the voice.
Here’s a challenge for you:
When you see something you’d like to buy, pause and think about it for 24 hours. Don’t make an impulse buy.
Challenge yourself to ponder the item and ask, “Do I really need this thing?”
You’ll be surprised how much money you can save by doing this exercise.
And considering the amount of presents we buy for ourselves at Christmas time, this advice couldn’t come sooner.
See you at the Top,