The practice of delayed gratification is one of the old time secrets of building wealth. This does not apply to finances only, but to other areas of life also.
Today I was reminded of the importance of this. I had the choice to upgrade my business phone line at a certain cost and have the phone delivered within 3 days. After a bit of research, I found that I could actually get the same type of deal for about £400 cheaper, but the caveat was I would have to wait at least two weeks to get the device. It sounds like a no brainer, but I wrestled with the desire to get that phone now so I could get immersed in this new piece of exciting technology. I however let common sense win that battle.
Even though I would not necessarily enjoy the wait until the new phone is delivered, I have saved my business a good sum which could be invested in something else.
We need to go back to the place of practicing delayed gratification in all our decision and set our minds on the benefits that we can have in the future which are far greater than the pleasures we can enjoy now.