Do we really need to save!?

OR Live in the present moment. We have only one life. Life is very short & uncertine.

Emerged from the early chapters of our life

Can you belive it all started from childhood!

Here we go with the famous marshmallow expriment

The famous Marshmallow Experiment, conducted in the 1960s by psychologist Walter Mischel, is a landmark study in the field of psychology, particularly in understanding and how it correlates to success in life.

The experiment took place at Stanford University, where children around the ages of 4 and 5 were brought into a room, one by one, and presented with a marshmallow. They were given a simple choice: eat the marshmallow now or wait for 15 minutes without eating it and receive a second marshmallow as a reward. The children’s reactions varied; some ate the marshmallow immediately, while others waited in order to receive the additional treat.

Follow-Up Studies: The most intriguing aspect of the experiment emerged from the follow-up studies. The researchers tracked the participants for over 40 years, finding that those who had the ability to delay gratification tended to have higher SAT scores, lower levels of substance abuse, lower likelihood of obesity, better responses to stress, and generally better scores in various life measures.

The Marshmallow Experiment highlighted the importance of self-control and the ability to delay gratification as indicators of future success.

Causation in financial context

We have similar choice in life, either to work, spend all & enjoy or to work, save, spend & let our money also to work for us. Which one will you choose?