We face this choice every day: delay comfort or get instant satisfaction. It happens to us in all aspects of life, from the food we eat to the clothes we wear. And it turns out that most of the time, people choose to feel comfortable in the moment before thinking about what will happen in the future. Instant satisfaction is fine, but we should be careful when we enter the financial field and try to balance. For example, sometimes we ask for immediate loans without comparing the best long-term option very well. However, if we can wait a bit or look for the offer that is really better for us, future gratification can be much better.
Why should we seek late satisfaction?
Pleasure is part of human survival. It begins at an early age when children want to feel happy immediately: for example, they cry when they are hungry. However, as we grow, we learn that hard work and patience are necessary to get what we want, although it often opposes the way the human brain is connected, which is why it is important to consider it seriously.
For some, working hard is a means to a better life and social status, and when they can’t get this from their jobs, they look elsewhere. Often, loans provide a means to achieve our immediate goals. Instead of challenging the pain, it seems easier to borrow or accumulate credit cards to pay for a new car or to treat yourself. While this provides happiness at the moment, without a clear payment plan, the debt will get bigger and may cause problems in the future.
Think long term
The idea of getting what we want at the moment can be attractive, but threatens to compromise the things we really need. For example, we may want to buy a new car that goes out of budget, without thinking that we should go to the cheapest option and save for a house. Instead of prioritizing what we yearn for at the moment, it may be more effective to think about the long-range effect of a financial decision.
We can apply this delayed gratification practice to our daily decisions as well. For example, before entering the most expensive restaurant in the city, think about how this will affect your financial plan, such as outstanding debts or those savings for a new sofa. Although it may be difficult to approach life with this mentality at the beginning, it becomes easier over time when we learn to prioritize our needs over our desires, and we see that reaching them is crucial to our happiness and well-being in general.
For many of us, future goals are hardly tangible. However, the more you can visualize them, the easier it becomes to practice the art of late gratification. For example, hanging photos of the house of your dreams in your rental apartment could be enough to motivate you and save for the entrance of the house. The more you speak and the more visualize your goals, the more tangible they will become. Visualization is the key.
Gradually, your long-term financial goals will be an impact on your way of organizing. Patience when it comes to achieving your financial goals and above all the balance will help you achieve a comfortable and solid future. And as we said, good is expected.