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Be Successful by Learning Delayed Gratification
Posted By Jim On 06/25/2009 @ 12:36 pm In Personal Finance | 18 Comments
What if I told you that delayed gratification was the most important factors of success?
I bet you’d probably believe that it was plausible, but probably not likely. There’s probably something else in the mix right?
Well, while that may be true, Joachim de Posada, in this six minute TED talk, explains how delayed gratification was a good predictor of future success.
If you can’t watch the video or just want a textual recap of the Stanford study, here it is. They asked some four year old kids to stay in a room with a marshmallow for fifteen minutes. If they hadn’t eaten the marshmallow after fifteen minutes, they would get another one. So they would get two in total. Two thirds of the students ate the marshmallow and only a third lasted fifteen minutes. They followed up fourteen to fifteen years later and learned that ALL of the children who were able to delay gratification were pretty successful. They had good grades, good prospects, good relationships with their teachers. The rest of them were not – bad grades, dropped out, but only a few had good grades. (Here’s a discussion of the study in greater detail )
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 Here’s a discussion of the study in greater detail: http://econlog.econlib.org/archives/2007/10/stanford_marshm.html
 How to Survive Among the Piranhas: http://www.bargaineering.com/articles/r/amazon.php?asin=0974872466
 Don’t Eat the Marshmallow … Yet: http://www.bargaineering.com/articles/r/amazon.php?asin=0425205452
Thank you for reading!