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Delayed gratification is essential for longterm success from "summary" of The Millionaire Fastlane by MJ DeMarco
Delayed gratification is a concept that is as old as time itself. It is the ability to resist the temptation of immediate pleasure in exchange for long-term success. This principle is crucial for anyone looking to achieve great things in life, especially in the realm of wealth and success. In the book "The Millionaire Fastlane," the author emphasizes the importance of delayed gratification in the journey towards financial independence. He argues that those who are willing to forgo instant gratification are more likely to build sustainable wealth and achieve long-term success. This is because delayed gratification requires discipline, patience, and the ability to prioritize long-term goals over short-term pleasures. The author describes delayed gratification as a key characteristic of what he calls the "fastlane" mindset. This mindset is about making choices and sacrifices in the present that will lead to greater rewards in the future. It is about being willing to put in the hard work and effort now in order to reap the benefits later on. Those who practice delayed gratification are able to delay their desires for immediate pleasure and focus on their long-term goals. They are able to resist the temptation to spend money on frivolous things and instead invest in assets that will grow and generate passive income over time.- Delayed gratification is about making sacrifices in the short term in order to achieve greater success and fulfillment in the long term. It requires a shift in mindset from seeking instant gratification to prioritizing long-term goals and aspirations. By practicing delayed gratification, individuals can set themselves up for a future of financial independence and success.
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