Yesterday I asked if delayed gratification still exists? Today I want to provide you guys with a few tips for practicing delayed gratification. I hope I don’t come off as a know-it-all because if anyone loves instant gratification it’s me. The tips below is just advice that has worked for me and could potentially work for you.
Turn it into a challenge
See how much more money you could save than your friends or get more bang for your buck so to speak. For example, I have been looking for a new gym for a few months now because I knew I wouldn’t be able to access my school gym during the summer. There’s one particular gym that I really wanted to join but the price wasn’t right. Location was perfect, equipment was perfect, atmosphere was perfect but it was just too expensive. A few people that I know joined the gym while I debated my options. Fast forward a few months later and the gym is now offering a 2 for 1 membership. Just by waiting and considering all of my options (and a little luck) I was able to save tons of money and know that I’m paying less than others for the same service.
Make the research fun
Research doesn’t have to involve you reading books or boring websites online, you could meet up with friends and bring it up in conversation. You could even use it as a an excuse to meet someone new or a conversation starter. Whenever you see someone with an item that you desire all you have to do is compliment them on the item and I’m sure a conversation will begin.
Think about what others are doing to have those items you wait to save for
I have a friend that has literally everything before I do, the only difference is when I finally get the item I know it’s all mine while he’s still paying off his credit card. I can sleep better at night because I know I have no debt while this friend has to stress all the time about how he’s going to pay off his credit card. I’m not saying that you should look down at others but sometimes the best motivation can be found around us.
Think about the bigger picture
Sure you may not wear the trendiest jeans or drive the fastest car but maybe you will pay off your mortgage and live debt free before anyone else. I have considered buying a new car many times but then I would probably end up driving everywhere which would a. cost a lot of money and b. cut out physical activity from my life. On top of that I would not be able to reach my goal of graduating college debt free. We all have different long term goals that will only be met if we practise delayed gratification. Sure it would be nice to keep up with the latest trends but retiring early or paying off your mortgage will be nicer.
What helps you guys practice delayed gratification?