Hasten Success Through Delayed Gratification

One of my mentors shared with me about how her 11 year-old son wanted to have a lap top. He decided to save up to buy one for himself.

What was amazing to me was that his pocket money was only $2 per week. According to his saving plan, he would only be able to achieve his goal in two years time.

Meanwhile, he thought about other ways to improve the rate of saving.

Together with his sibling, he even organized a garage sale to increase his pocket money. He took upon himself to negotiate for a higher profit so that he can fulfill his goal earlier.

As I reflected upon this story, I can’t help thinking that was how many people of my generation were  brought up. Most of us grew up in poverty.

However, with affluence, my concern is that such delayed gratification may have become a lost art. It’s easier for parents today to give in to the wants of their children.

After all, children should have whatever their friends have, right? I can think of many other reasons for satisfying them.

Sadly, while we may be able to make them happy, at least for awhile, we are not helping them to cultivate one of the most important values in character development.

Delayed gratification is also one of the means to achieve sustainable success.

Children needs to cultivate self control. They need to learn how to say no to non essentials in their life and unnecessary pleasures.

This discipline will strengthen their foundation to achieve stronger fulfillment in life.

According to Michael Mischel of Stanford University, there is a
correlation between delayed gratification and long term success.

He found that children who exercised more self-control in fulfilling their wants became more positive, self-motivated, and resilient in achieving their goals. As a result, they became more successful in life.

In an “instant fixes” society, it’s hard to practice delayed gratification.

Most people are looking for easy ways, short cuts, get-rich-quick schemes, and on-demand pleasures.

Delayed gratification requires self-control, discipline and perseverance. These are also traits that are common in many successful people.

When I studied these people, I found that they are masters in controlling their urge for immediate gratification. They are committed to developing this skill because they know that success requires self-mastery, determination, and hard work.

They do it through self-restraint, training, and constant practice. Can you understand why they cannot but succeed in life.

Learning the skill of delayed gratification can also offers many other benefits.

For every cent that you save and invest it wisely, over time, it will add up to a lot of money. You can then do many wonderful things for the people around you.

Delayed gratification can also help you to live a simple life. Living simply is an important key to achieving happiness.

Let me illustrate. Years ago, I had a diamond-studded Rolex watch. One day after a swim at the club, I showered and left my watch in the soap box.

I came out of the toilet to comb my hair. When I turned around to retrieve my watch, it was gone. That made me unhappy for a while.

Another time, I lost a pair of designer’s leather boots that meant a lot to me. It left me upset for a period of time.

I realized if I did not have these belongings and become attached to it, I would be a happier person.

I would be able to better focus on more meaningful and fulfilling pursuits.

Too often, we have over-complicated my life. We live by things that did not add real and sustainable values.

We bought into the falsehood perpetuated by advertisements in a materialistic world. All kinds of well-oiled tricks and traps are used to lure us to own more and more stuffs with “cash or credit card.”

We end up pursuing and having stuffs that give us a temporary sense of happiness.

After awhile, it oftentimes leave us feeling empty inside because they do not bring true fulfillment to our life.

To make matters worse, they can make us vain, greedy and discontented.

We will not be any wiser or better when we accumulate more and more possessions and having more and more toys around us.

We came with nothing and will leave with nothing, why do we need more stuffs?

When I decided to live a simple life, I gave away many expensive belongings to my friends. It gave me a lot of happiness when they are touched by my gifts.

I have learned to spend less money, buy less things, and give more of myself to what really matters.

I want to devote myself to serving our Creator, my family, my company, my friends, and our planet. By living simply, I can achieve better results for them.

When I live a simple life (I don’t even have a watch) and have less baggages to carry, I can run better, easier and faster in life. And feel happier too.

In conclusion, remember spending money is the most expensive way to live life. Lol!

Learn to say no and cut down on unnecessary expenses.

Appreciate the value and discipline of delayed gratification and you and your children will be on the way to achieving sustainable success and happiness.

Go4It!

I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

For my opinions on social affairs, please visit my Transformation blog at http://hsrpatrickliew.wordpress.com/

Please visit my website, http://www.patrickliew.net

Please read my reflections and continue to teach me.

Life is FUNtastic!

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About Patrick Liew
About Patrick Liew Patrick Liew MBA, MSc, BSc is the Managing Partner of Global Enterprise Exchange Pte. Ltd.. He is also the founder and director of Success Resources, arguably the world’s largest personal development seminar organiser and a major shareholder of a company, which is listed on the Australian Stock Exchange. He was previously the Executive Chairman and CEO of HSR Global Ltd., a publicly listed company on SGX-ST. Previously, he was the regional director of the Gartner Group, providing strategic advisory and planning services to governments, banks and MNCs. He was also the regional head of sales and marketing operation for Dow Jones Telerate. Patrick graduated with a BSc in Estate Management from Heriot Watt University, an MSc with emphasis in global business and marketing from The City University Of New York, and an MBA from Henley Business School / Brunel University. He has also earned more than nine other professional qualifications. Patrick is arguably the first person to develop a multimedia e-learning programme on entrepreneurship. He authored a Chinese book on business systems and was also the co-author of a Times Bookshop best-selling book. Patrick has conducted both ‘brick and mortar’ and online lessons for participants from more than 60 countries. He has also conducted keynote presentations in many international conferences, including being the first Singaporean to teach at the National Association of Realtors. Through his team at Success Resources, Patrick has organised educational conferences for prominent leaders such as President Bill Clinton, Prime Minister Tony Blair, Michael Porter, Richard Branson, Robert Kiyosaki, Donald Trump, and many other prominent leaders. Patrick provides leadership and advisory services to many professional and charity organisations. He is actively involved in supporting humanitarian, philanthropic and charity causes. He has organised three fund-raising events and in the process, help to set three national records in the Singapore Books Of Records. Patrick won the Entrepreneur Of the Year Award For Social Contribution, the Asia Pacific Entrepreneurship Award, and six other business awards. Patrick believes the best way to live your life is to live your life for others. The more you reach out to bless other lives, the richer and better your life will become. -------------------------------------------------------------------------------- A Personal Note to my Friends The articles that I post online; or what I term as Love Notes, are written with the purpose of inspiring readers to live at a higher plane in life. They are also meant to motivate those who are struggling in life and help them find handlers to overcome their conflicts and challenges. It is my ardent hope that we will form networks and alliances of like-minded people who will put to right many of the wrongs in our midst. Together, we will leverage on each other's resources and create a synergistic impact in making our world a better home. These articles are written as part of regular reflection about the vicissitudes of life. They are at best work in progress and at worst, grumblings, grouses, and gripings of a finite old man. I have deliberately decided NOT to delete many of the articles and pointers that I may not agree with or are outrightly wrong. This is to keep a record of how my personal ideas, beliefs, and values have evolved over time. In addition, I hope to encourage readers by letting them know that I also make mistakes and am struggling with many of the complexity and complication in life. As long as we hang on to hope and work on finding a solution, there will be light at the end of whatever tunnel we are in. I do not pretend to know everything or for that matter, anything of substance. In fact, the more I study, learn, and think about the vast wisdom and knowledge out there, the more I realised how little I know about life and the ways of life. Hence, I have always ended my article by asking readers to continue to teach me. For I, too, am a sojourner in the exploration of truth and the adventure of finding meaning, purpose, and significance for my existence. I am proud of and make no apology for being a Christian, albeit not the most exemplary one. I believe our Creator can lead and guide us to be the best that we can ever be. I bear full responsibility for the shortcoming and error in my life, including my words. The fault is entirely mine and not due to anyone else. Readers have and can exercise the power of choice. They can discard what will not work for them and adopt those that can propel them further and faster in the pursuit of better performance, outcomes, and fulfillment. If I have disappointed or hurt you in any way, form, or manner, I would like to apologise to you. Please do not hold them against me or whoever or whatever is related to me. There are much to pray about, learn, and do. And I'll work on them with a sense of urgency. I hold on to the belief that 'Anything worth doing is worth doing with passion and excellence'. I'll endeavour to live by it. Life is short. There's no dress rehearsal and neither can we turn back the clock to change the drama of life. Therefore, by the grace and power of our Creator, let's live a full life and live it to the fullest. May God bless you abundantly on the journey of life. Your online servant, Patrick Liew I hope this message will find a place in your heart. By the way, I have also recorded other reflections. Please 'Like' me on https://m.facebook.com/patrickliewsg Visit my Inspiration blog at https://liewinspiration.wordpress.com/ For my opinions on social affairs, please visit my Transformation blog at http://hsrpatrickliew.wordpress.com/ Please visit my website, http://www.patrickliew.net Please read my reflection and continue to teach me. Life is FUNtastic!

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