We all want what we want and we’d all love to have it sooner than later. That new car, a new house, those shoes you’ve been looking at for the longest time, we all want something. Very few of us are willing to wait for it. There are whole industries built around getting people what they want before they are ready to have it. Loans, credit cards, payday apps, etc. They make money by giving us what we want before we should have it. They charge steep interest rates, and we pay for it simply because we can’t wait and we can’t properly manage our money.
Instead of leveraging our time to generate and accumulate wealth we spend it watching Netflix and playing video games. We trade the future for the comfort and the enjoyment of the present. We would rather party all night and waste our time while we are young than save the ease of life for when we are older and actually need it.
What many people fail to realize is that by taking on extreme debt, you are enslaving yourself. You are trading your work and your time for an item. Sometimes, the work and the time is worth the item. For example, a home – NOT a damn mansion, but a home. But, most of the time, we are trading our time and effort for items of little value and we end up spending more in the long run – a payment plan on Gucci shoes for example.
Few people realize that by saving for an item you will often save time and money. Think about it. You make a purchase for $500 Gucci Shoes (I’ll keep my opinions of purchasing such an item to myself…) and you get a payment plan for $50/m for 10 months plus 15% interest. When you do this, you are spending $57.50/m on these shoes and you are stuck with that payment for 10 months. On the other hand, if you simply saved $100/m for the item, you’d get it faster and you’d save yourself some money. $75 to be exact.
Beyond being patient financially, patience has many benefits in normal social settings as well. It’s like the saying goes… “A moment of patience in a moment of anger saves you a hundred moments of regret.” If someone is pissing you off, and you lack patience, you are likely to blow up in their face and say something you wish you hadn’t. No one is perfect, not even you, so having patience with those who aren’t on your level is very important.
I’m sure you have heard the saying, “good things come to those who wait.” While this is true to an extent, it is also very inaccurate. They saying should say more along the lines of, “good things come to those who take action, then wait for the result.” Nothing will happen if you don’t take action, but having the patience to see it through is a key component to finding success.
If you need help learning about patience and self discipline, I recommend LifeMathMoney’s Live Intentionally: A 90 Day Self-Project. It teaches you to have self-control and about important it is to take action. It helped me a lot, and I hope it does the same for you.
Live Intentionally: A 90 day Self-Project
A special thanks to Life Math Money and Harsh Strongman for creating this awesome program. The fact that this website even exists is thanks to the motivation I received from it. Click the image above to check it out! If the program doesn’t work for you, get your money back.
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