The Hidden Power of Purchase Delay
Abrahams Wallet6 Marras 2019

The Hidden Power of Purchase Delay

Your ability to delay gratification might be one of the most powerful determinants of your success in finance… heck, in all of life.

Don’t believe me? Well, have you ever heard of the marshmallow experiment? Sure you have: some gentlemen at Stanford, back in the late 60s, offered over 600 children a choice. They were sat down at a table and a marshmallow (or similar treat) was placed in front of them. They were told they could eat the marshmallow as soon as the researcher left the room – no problem – OR they could wait 15 minutes and receive a second marshmallow to enjoy. Some kids chomped the treat immediately, others waited and saw a 100% return on their investment.

Why do I care about this experiment? Well, the two gents who were running this experiment followed up on each group over the next several decades and found some fascinating correlations. Those who delayed gratification ended up winning at almost every stage of life in significant ways. They were described by their parents as significantly more competent as adolescents. They had higher SAT scores, faster reaction times in an emergency situation, and were better as adults at controlling their response to alluring temptations.

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DOUGH: 401Ks part 2

DOUGH: 401Ks part 2

Mark Parrett and Steven Manuel go into more detail regarding 401Ks, and the FOUR THINGS you should know and do about them (27:45). First, though, we check in on bear stories, and Steven rant about the “moratorium on evictions” (8:00) including Rudyard Kipling’s “The Gods of the Copybook Headings” (12:00).

18 Elo 20211h

HOME: Jeremy Pryor on Designing Home Spaces

HOME: Jeremy Pryor on Designing Home Spaces

Steven Manuel drags Jeremy Pryor around his house, asking to hear the vision and goals that inform each area of his property. Jeremy has been extremely intentional about every square inch of his home, so we hear some of his insights around family spaces, how JRR Tolkien influences the Pryor house… and he and Steven both gush about pickle ball.

11 Elo 20211h 6min

DOUGH: 401K Deep Dive, Part 1

DOUGH: 401K Deep Dive, Part 1

Mark Parrett and Steven Manuel warm your hearts, and the front of their microphones, as they discuss 401Ks. WARNING: THIS IS A MAJOR BANTER EPISODE, beginning with Mark’s personal updates, then 2 tales of Steven’s brushes with fame (12:15). When they finally address 401Ks (20:15), they talk about what they actually are (a government-sponsored retirement savings program), how to fund them (27:50), how to take money out of them (32:50), then tease the 401K concepts coming next week.

4 Elo 202146min

HOME: Permanent vs. Changing Culture

HOME: Permanent vs. Changing Culture

Is your home based on the unchanging Kingdom, or the swirling whims of a culture gone amok? Is freedom a more important value than Truth? Steven Manuel shares a message from 2015 that feels as applicable today as ever.

29 Heinä 202130min

DOUGH: Budgeting = Living With Vision

DOUGH: Budgeting = Living With Vision

Mark Parrett and Steven Manuel discuss budgeting (9:15) and the three aspects of running it in such a way that money is left over at the end of the month: 1. Know What’s Going On (11:35), 2. Make A Plan (26:02), and 3. Execute Faithfully (50:20). Running a budget that serves the family vision, then submitting to it, is a sure way toward abundance!

28 Heinä 20211h

MISC: Intro to Steven and Church Rant

MISC: Intro to Steven and Church Rant

Steven Manuel talks about himself this week (so you know… get ready for that)… he gives us his religious resume, talks about his ministerial experience (7:25), then goes on a CHURCH RANT about obedience vs. legalism (22:30). Enjoy this all-Stevie episode!

21 Heinä 202147min

HOME: Summer Adventures

HOME: Summer Adventures

Steven Manuel and Mark Parrett talk (on the road, with road noise thrown in for FREE!) talk about children, including having a vision for them, curating your children’s friendships (10:15), the road trip Steven went on with his daughters (14:45), whether it’s safe or not to let your kids go to summer camp (19:45), monitoring your child’s inputs (27:45), and cross-pollination (32:30). Join us on our road trip as we talk about yours!

14 Heinä 202141min

MISC: Road Trip Mail Bag

MISC: Road Trip Mail Bag

Mark Parrett and Steven Manuel give listeners a review of their Texas road trip, then dive into a pretty-darn-rare event: the Mail Bag! (7:40) They field questions like “If I have $200K, am I rich?”, “What Bible should be my next Bible?”, “When do my new kids start earning me tax credits?”, “Should I discipline my children when they don’t hear me?” (31:30), and… others.

7 Heinä 202147min

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