Investingsimple.blog Website Review

Let’s face it. Saving money su*ks. It’s not fun, it’s not cool, and it’s not easy. No one likes a cheap-skate right? Regardless, saving money is important. It enables us to live the life we dream of and achieve the freedom we so desire. Nearly 60 years ago, Walter Mischel and his team of Stanford psychologists, performed one of the most popular studies ever. Mischel tested hundreds of young children. The kids were told that they could either eat a marshmallow now or wait 15 minutes to receive two marshmallows. Then, the researcher would leave the fluffy dessert on the table and leave the room. As you can imagine, the video footage of the kids is quite entertaining. Fidgeting, squirming, staring at the marshmallow. The study seems innocent, but over a decade later, the results of the famed Marshmallow Experiment were eye-opening. The kids who delayed gratification and received two marshmallows went on to get better SAT scores, had lower levels of drug and alcohol abuse and were even Further, the researchers followed up with the test subjects over 40 years later and the results were the same. The ones who delayed gratification as children were more likely to succeed in life. Well, it’s the same way with money. By delaying gratification, we set ourselves up for success. At times, it is difficult to see this. But if we know “why” we need to save, it can helps us to actually do it. As the philosopher Friedrich Nietzsche once said, “He who has a why to live can bear almost any how.” I’d like to alter that a little, “He who has a why to save can bear almost any how.” The #1 investing secret is time. Not elaborate trading strategies or insane amounts of research. It’s time. Picture this: Phil and Todd are new college graduates and best friends. They both end up getting great jobs at the same investment so he saves as much as he can during the first year of work. Todd, on the other hand, doesn’t really care because it isn’t interest-ing