The second marshmallow test: why great property investors learn to wait
Delayed gratification is easier said than done, but the willingness to sacrifice today for a stronger financial future could be one of a property investor's greatest strengths.
Should I or shouldn't I? Spending today or saving for tomorrow has always been the test for those weighing up their financial future. (Image source: Maria Symchych/Shutterstock.com)
Hands up if you recall the Stanford Marshmallow Test.
For those who don’t, the famous psychology experiment presented children with a simple choice: eat one marshmallow immediately or wait for the researcher to return and receive two.
It became a powerful demonstration of delayed gratification – our ability to resist an immediate reward in pursuit of something more valuable later.
I must admit; I wouldn’t have been a great candidate. Put a mar…
