OK! So the marshmallow is not one of the basic food groups. And honestly, I only like marshmallows on sweet potato casserole or roasted over an open fire for a S'more treat.
Are you familiar with the MARSHMALLOW TEST?
The Stanford experiment tests the significance of delayed gratification by measuring self control when faced with temptation.
Pre-schoolers were given one marshmallow and promised a second marshmallow if they would wait to eat the first marshmallow when the teacher returned. The kids touch the marshmallow, sniff it, stare at it while waiting for the teacher to return.. What a hoot!
This experiment draws attention to the gap between intentions and actions.
Are we willing to delay instant gratification in order to secure something better in the future?
Be persistent and intentional when setting retirement goals! In the same way mindful eating can control weight gain, mindful spending can help you control your money rather than letting your money control you.
““It’s easy to say ‘’no!’’ when there’s a deeper ‘’yes!’’ burning inside.””
It starts with a single step, a simple change, a small tweaking of savings habits and a clear (crystal clear) vision of what you want your financial future to look like.
Exercising self control with your spending and savings habits is easier than you think but it is not child's play.
Financial peace of mind results from taking one solid step at a time. Focus on a secure future. Organize and customize your plan. Know the direction you want to take in 5 years, 10 years, 20 years. Review your plan often and stay on course.
After all, two marshmallows are better than one.
