Balance shortterm gratification with long-term goals from "summary" of Early Retirement Extreme by Jacob Lund Fisker
One of the key principles to achieving early retirement is the ability to strike a balance between satisfying immediate desires and working towards long-term objectives. This involves making conscious decisions to prioritize long-term goals over short-term gratification. It is easy to get caught up in the moment and indulge in immediate pleasures, but doing so can hinder progress towards financial independence. To avoid falling into the trap of instant gratification, individuals must cultivate the discipline to delay gratification and make sacrifices in the present for the sake of a better future. This requires a shift in mindset from seeking immediate pleasure to prioritizing long-term fulfillment and security. By setting clear goals and staying focused on the bigger picture, individuals can resist the temptation to veer off course and stay committed to their objectives. In order to suc...
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