The Hidden Power of Purchase Delay
Abrahams Wallet6 Nov 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.

Avsnitt(340)

DOUGH: The spirit of Poverty

DOUGH: The spirit of Poverty

Today, Steven Manuel talks through how to recognize a spirit of poverty… and how to kiss it goodbye, including what to pray and how to start thinking in Biblical paths of prosperity.

9 Juni 202152min

HOME: Seeking God with Darren Baldwin

HOME: Seeking God with Darren Baldwin

Steven Manuel talks with Darren Baldwin about involving your body in prayer (6:00), using The LORD’s Prayer (11:20), slowing down in Bible reading (13:45), busyness as the enemy of God’s Presence (18:45), repentance as a normal part of relationship with God (31:00), and getting past the fear of man in pursuit of God’s heart (40:00).

2 Juni 202147min

DOUGH: Poverty 2- Scarcity Book Review

DOUGH: Poverty 2- Scarcity Book Review

Steven Manuel and Mark Parrett continue their conversation about poverty (10:30) as Mark reviews the book Scarcity: Why Having Too Little Means So Much, by Eldar Shafir and Sendhil Mullainathan. It describes, with research, how “not having enough” impacts people. It makes us stupid, insecure, impulsive, makes us spend money unnecessarily, etc. Mark tells about a dumb purchase he made at Princeton (38:30), dealings with poor tenants (44:30), hamster-wheel living (49:40), and all the gross things that a poverty spirit produces. Here at Abe’s Wallet… we hate poverty (and love PLANNING, which is one of the antidotes to it)!

26 Maj 20211h

HOME: How to HATE Poverty

HOME: How to HATE Poverty

Steven Manuel and Mark Parrett discuss the Biblical understanding of Poverty (8:00). They see that the Bible says poverty is a problem (16:30), that giving is something the poor can’t much do (27:00), that giving too much is unwise (41:30), and what God’s will is for the righteous (51:15) (hint: NOT poverty!). They waste the last few minutes talking about NBA playoffs (1:02:00). Goobers.

19 Maj 20211h 8min

HOME: from stay at home dad to biz leader

HOME: from stay at home dad to biz leader

Steven Manuel sits down with Ross Dykstra to discuss his miraculous transformation from insecure stay at home dad to leader of a booming construction business. Ross’ story is about God discipling him and his wife into their God-ordained roles, and the joy (and pain) that comes from engaging in that journey of obedience. Steven also can’t help himself from gushing about Ross’ physique…?

12 Maj 20211h 3min

HOME: Take Care of Your Stuff

HOME: Take Care of Your Stuff

Is it godly to maintain your property? We say yes. Mark and Steven talk about the biblical responsibility of maintenance (8:30), then interview with Blake Staley, owner of Drop Detailing in Salt Lake City, Utah. He talks about his family business and what you and I can do to better care for our cars (33:30), and shares tales of horror from a car detail professional (45:00). Don’t miss the discount code mentioned by Blake for high quality car maintenance supplies!

5 Maj 202152min

DOUGH: Bitcoin and Alternative Asset Classes

DOUGH: Bitcoin and Alternative Asset Classes

Mark Parrett and Steven Manuel sit down to discuss the weird wild world of alternative asset class investments, including crypto, gold, and... sneakers? Wondering whether it's smart to dip your financial toe into these volatile waters? Scared of "mission out on the action"? Wondering if it's (a different kind of) gambling (than normal market investing)? Tune in and listen up!

28 Apr 202141min

DOUGH: Bitcoin and Alternative Asset Classes

DOUGH: Bitcoin and Alternative Asset Classes

Mark Parrett and Steven Manuel sit down to discuss the weird wild world of alternative asset class investments, including crypto, gold, and… sneakers? Wondering whether it’s smart to dip your financial toe into these volatile waters? Scared of “mission out on the action”? Wondering if it’s (a different kind of) gambling (than normal market investing)? Tune in and listen up!

28 Apr 202141min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-borsens-finest
uppgang-och-fall
avanzapodden
affarsvarlden
fill-or-kill
rikatillsammans-om-privatekonomi-rikedom-i-livet
svd-ledarredaktionen
dynastin
rss-dagen-med-di
borslunch-2
ekonomiekot-extra
rss-kort-lang-analyspodden-fran-di
montrosepodden
kapitalet-en-podd-om-ekonomi
rss-inga-dumma-fragor-om-pengar
rss-borslunch
tabberaset