delayed gratification = financial success - giselle aisenberg
Personal Finance

Delayed Gratification = Financial Success

Delayed Gratification can help you achieve Financial Success!

Hi there. Are you in over your head in debt or do you fear that’s where you’ll be in a few years’ time? Or are you struggling to achieve your financial goals?

I know life in general is tough and unforgiving, but are external forces really the sole culprit? How about some introspection? My bet is, ten times out of ten, we have some sort of responsibility for what happens to us. So take control over your life by reading this blog post to find out how you can employ delayed gratification to achieve financial success.

What is delayed gratification? Well, delayed gratification is simply resisting the urge to have something now, so that you can benefit more later.  If you use delayed gratification in the right way, it will force you to make wiser financial decisions in general, and you’ll be more likely to achieve financial success.

Here are ten ways you can employ delayed gratification to achieve financial success:

Ten methods of delayed gratification that can help you achieve financial success

  1. Get an Education :

    You heard me. If you’re a teen and you’re reading this, stay in school. Take your education seriously. Trust me, it is more fun to hang out with

    studying now and playing later is delayed gratification that can help you achieve financial success
    Stay in school!

    friends, and social media might be way more interesting to you than Algebra or History. Skipping class might be more enjoyable now, but getting into [community] college and getting a better job later is so much more valuable to you.

  2. Invest your time wisely:

    That’s right. Use it to invest in yourself. Learn a skill that will pay off in the long run. Instead of spending hours mindlessly scrolling through Instagram [I’m very guilty of this], or playing video games, learn to code, learn graphic design, learn WordPress, learn SEO, start a blog for crying out loud. The first few months might feel pointless, but I guarantee you, if you keep at it, in a few years you won’t regret it.

  3. Invest your money wisely:

    Perhaps instead of adding those new rims to your car, you could invest. Purchase stock, engage in peer to peer lending, save towards a down payment on a property. Try not to spend your money on big ticket items that decrease in value over time. Your future self will thank you.

  4. Purchase with Cash:

    ...and no, I don’t mean physical dollar bills. You could be your own best friend or worst enemy depending on how you use your credit card. Yes you, it’s not the credit card that’s bad, it’s how you use it. Simply wait until you have sufficient funds in your account to make a purchase. Want that new iPhone? Save the entire amount and then pay for it with a credit card that offers rewards. Then pay that bill in full before the due date and you pay no interest, and still earn cash back or miles on money that you had to spend anyway! Remember, it’s up to you to decide whether it is a win-win situation. Choose your actions wisely.

  5. Save, save, save.

    I can’t say this enough. I know it’s hard, but you really have to save. So maybe you choose not to eat out too much, or you choose an at home work out instead of a gym membership, or reduce the amount of driving you do to cut down on gas costs. There are many things you can do to reduce your costs now so that you can save for a rainy day.

  6. Disregard your wants, purchase what you need:

    Having just what you need to survive is important. Prioritize your needs by all means, but your wants? Think long and hard about those

    Passing on purchases now to save for later is delayed gratification for financial success
    Put it back on the shelf!

    purchases. Now I am not saying that you shouldn’t enjoy life or treat yourself, but that should never ever mean landing yourself in debt.

  7. Buy used vehicle:

    I know you already know all the anecdotes about the depreciation of a brand new car after it drives off the lot. The price appreciates while the product depreciates. I also know how much you love that new car smell, and how elated you feel driving it.

  8. Avoid debt:

    Avoid loans like the plague unless you’re starting a business venture or purchasing real estate. Use your discretion here. Want to go to Spain like all your other friends and influencers but don’t have the cash? Definitely do NOT take that loan to go. Have the self-discipline to save the amount you need before you go. On the other hand, if you have credit card debt, it might be better to utilize a loan facility with a better interest rate to clear that debt so you pay less in interest in the long run.

  9. Learn to do it yourself:

    Need a pedicure? Need your brows threaded or waxed? Want something to eat? Learning how to do certain basic things for yourself might take a little more time and effort, but the savings over a year could be astronomical. So cook that meal instead of ordering takeout every day, and follow that YouTube video about sugaring so you don’t have to spend so much on hair removal at the salon.

  10. Volunteer:

    Especially when you’re in high school or college, volunteer with service organizations. It is hard to work for free, and it gets harder and less practical the older you get. So do it sooner rather than later, because these organizations help to expand your network and that could ultimately benefit you in the long run. You can get some management experience which will ultimately look great on your resume and the reference to help you land that senior position in the future.

So, practice it! You won't be perfect today or tomorrow, but I am sure this is a mindset that will get you so much further along in future.

Good luck!

Do you employ delayed gratification tactics for your future benefit in any special way? I'd love to hear about it. Drop a line in the comments or email me.



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