Delay Of Gratification Psychology, Self-control
This mindset helps in building an emergency fund, paying off debts, and accumulating a large retirement fund. Delayed gratification isn’t simply about denying oneself pleasure; it’s about prioritizing future targets over immediate needs. Psychologist Walter Mischel’s well-known “marshmallow test” within the 1960s illustrated this precept. In the experiment, youngsters were given a alternative between receiving