Millionaire Habit 4: Delayed Gratification

What keeps most people from becoming rich is the habit of wanting
instant gratification. Instant gratification is the habit of always
wanting to enjoy now and not having the patience to wait for future
benefits. As a result, these people spend a lot more than they
invest.

By spending on that new car, new widescreen television set or
designer watch they get instant gratification.

When it comes to investing in books, seminars, stocks or insurance
products, they will think twice as they have to wait for future
benefits.

It is precisely for this reason that whatever money comes into
their hands will soon be frittered away and not multiplied.

People who want instant gratification will always look for quick
and easy ways of making money rather than building a sustainable
business that adds value to (repeat) customers.

They tend to cut corners on quality and deliver shoddy products to
save money and boost short term profits. As a result, their profits
rarely last and they will soon go out of business.

At the same time, those who desire instant gratification lack the
patience to allow their money to grow and compound through
investing.

When they don't see huge sums of money in a few weeks, they abandon
their investments and never get to reap the benefits. They have no
patience to wait for the seeds they sow to grow into huge money
trees that bear fruit.

On the other hand, all millionaires adopt the habit of 'delayed
gratification.' They have the patience to wait for greater
abundance in the future.

Whether in business or in investments, you must have delayed
gratification in order to create massive wealth.

People with delayed gratification invest a lot more than they
spend. Again, they know that by spending a dollar, they may feel
good for an instant, but their future wealth will be destroyed.

When it comes to spending money, they are extremely frugal. However
when it comes to investing, they do not think twice about writing a
check for a few thousands dollars. They know that through patience,
that money will multiply into a future fortune.

Millionaires never take shortcuts in business. They look at always
giving the best value to their customers, even if it means earning
less at present. They know that by building their reputation, it
will lead to huge profit streams in the future.

So, develop the habit of delayed gratification - and spend wisely -
and you will see your money multiply.