Delayed Gratification - sacrificing your immediate pleasure today for future

[Obulis]

If you're one that have been doing this, I know that it's never easy, but I've got a few questions that could help some of us here, including me :

1. In what percentage of your income you set aside for investments and savings? and do you still manage to provide necessities without you or your family being deprived from living comfortably?
2. Do have regrets on the things you have missed because this portion of your money went to investment and savings?
3. How do you stay motivated? Especially when the market is down.
4. What are your advice(s) to those who wants to go full with investments?

Me, I honestly been slowing down on my travels, boys night out and impulse buying. I'm starting to convert them into long term investments and Imma tell you this, it's never easy lol  .


Please share your experiences, struggles, strategies, and success. It will be much appreciated, especially for those who have yet to start going all in with investments and savings.

Cheers!  

Undermining immediate benefits to get  greater benefits in the near future is Very very essential for achieving long-term objectives ranging from financial stability, career success to personal well-being by cultivating discipline and patience. Delay gratification is a key part of self control.

This is a fantastic topic and it's clear you're not alone in this matter (delayed gratification).  it is hard to cause a balance between immediate pleasures and future financial stability when temptations and requirements of life are ever present. This topic is incredibly important. Many of us, for sure, can relate to your journey to cut back on impulsive purchases and many other looks fantastic but financially helpless lifestyle...

To answer your questions

1. Percentage to set aside depends on the how much earning the way I do it. There should be personalized analysis based on earnings and targets to determine amount to be set aside.

2. There is nothing to regret about. Initially I used to regret if it didn't all work out but over time I realized there's no reason to regret.

3. No regrets

4. Self analysis if you really need to, then get professional help.

[rachael9385]

The way to stay motivated when the market is down is just to have hopes that the price is going to increase again because that's how the financial market works. For someone that's doing a long term investment thinking too much about what you are hodling isn't advisable, it's an investment for the future, so give it time to produce the results that you want. All that is important is what you would get in the future

[Botnake]

Your effort depends a lot on what you want to achieve. Unfortunately, for most people, it is not possible to set aside a portion for investments or savings. But it is possible to analyze your expenses and eliminate everything that is superfluous. You spend a lot on things that do not help at all. You can change product brands, buy a cheaper one that is also of good quality. Likewise, you can subscribe to fewer streaming services, for example. I have friends who don't even know how many they subscribe to, and they hardly use them.

Live well, with less. Don't deprive yourself of many things, just waiting for the future, because perhaps the future may not come. Also, don't live as if there were no tomorrow. It is sad to grow old and depend financially on the government and others.

Just be contented and be disciplined. That’s the only way where you will be happy at the moment and live even happier and at peace in the future. You don’t have to chase all the opportunities around to prepare for your future, that sometimes you forgot to live your present well because you are too busy preparing for tomorrow, and that I think is a wrong mindset.

Live a well-balanced life, but it’s never bad also if you can spare some of your extras so you can have something to harvest when old and tiring days come.

[tabas]

The way to stay motivated when the market is down is just to have hopes that the price is going to increase again because that's how the financial market works.

To be honest, hope isn't enough in the market. While it helps to keep motivated to think of the increase puts hope in it, we are uncertain about it. Before we invest and put some hope in our portfolios, we should choose the best for them because that's how it will determine if there's hope in them or not.

For someone that's doing a long term investment thinking too much about what you are hodling isn't advisable, it's an investment for the future, so give it time to produce the results that you want. All that is important is what you would get in the future

It's also normal for long term investors to think too much with what we hold for the long term. The anxiety is real with these assets that we own but it's true that we shouldn't worry a lot. The delay of gratification is already applied for the long term investors because we know how to be patient and being positive of what we'll be getting in the future depends on the choice of our assets.

[Oluwa-btc]

FIRE (Financial Independence, Retire Early) simply means reducing expenses as much as possible you could say extreme savings the goal is of course to achieve financial independence, there are some people who have succeeded in using this strategy, one of them if I remember correctly is a married couple who managed to retire early at the age of 40, I have done this before but in reality it is difficult to discipline myself, I am still tempted by worldly pleasures    and besides that the challenge for me is because I live in a country with quite high costs so it is not easy at all.

Whatsoever it depicts,I certainly know that whatever instant gratification or pleasure that I choose to sacrifice will guarantee financial freedom,more knowledge and futuristic opportunities.Sooner or later, it's a mindset and it all becomes successful with discipline and much patience.There's so much to refrain from and adapt to;much more later, there's a reward for it.

[harapan]

For me, I do not really have a percentage of savings. I make my budget for the month and then put the remaining balance into my savings. I remove the ones that are not really necessary or urgent. I set priority first, and that is how I will be able to save. For example, I avoid some lifestyles like not drinking, smoking going out in the night like clubs, not eating outside rather cooking at home and avoid eating junks and eating healthy that way I also save myself from some illness that will lead me to the hospital that way also add to my savings.

Sometimes after a successful achievement and jobs well done one needs to take out some time to themselves to acknowledge how far they've come but most necessarily there must be a limit to it. So for me setting priorities first and right are my ultimate goal then after which anything else can come in.

[TastyChillySauce00]

Setting aside 20% of income is good enough and I've been doing it for a long time.

Personally I was never burdened in the first place, the pleasure of seeing my capital growing is what makes me addicted to investing and saving certain percentage of my salary.
I know it too well that buying things that I don't really need will only make my life harder so there's that.

If you've seen your capital growing, you'd feel the same way too.

[hafiztalha]

Setting aside 20% of income is good enough and I've been doing it for a long time.

Personally I was never burdened in the first place, the pleasure of seeing my capital growing is what makes me addicted to investing and saving certain percentage of my salary.
I know it too well that buying things that I don't really need will only make my life harder so there's that.

If you've seen your capital growing, you'd feel the same way too.

I think people should invest money from the early age because we want financial freedom in the age of 24 . All people try to get degree from Universities because these degrees could be good investment because we can do job and we can meet daily expenses which is needed to live happy life.The best investment is that which you will do on your mind , personality and education. If you will invest more money on your personality then you could be motivational speaker who are earning millions of dollars in one speach and everyone will try to talk with you because you have decent dressing and decent look. If we want to get best life then we have to work hard and should not live life with calm . There are people who are earning best but they are saving less and have no money for that emergency, these people could face challenges in life.

[Mate2237]

Setting aside 20% of income is good enough and I've been doing it for a long time.

Personally I was never burdened in the first place, the pleasure of seeing my capital growing is what makes me addicted to investing and saving certain percentage of my salary.
I know it too well that buying things that I don't really need will only make my life harder so there's that.

If you've seen your capital growing, you'd feel the same way too.

I think people should invest money from the early age because we want financial freedom in the age of 24 . All people try to get degree from Universities because these degrees could be good investment because we can do job and we can meet daily expenses which is needed to live happy life.The best investment is that which you will do on your mind , personality and education. If you will invest more money on your personality then you could be motivational speaker who are earning millions of dollars in one speach and everyone will try to talk with you because you have decent dressing and decent look. If we want to get best life then we have to work hard and should not live life with calm . There are people who are earning best but they are saving less and have no money for that emergency, these people could face challenges in life.

The problem that most people face is when it comes to financial freedom is that they don't get exposed on time to what is called financial independence whiccan only be given to them by investment because most parents and even schools don't teach their children about financial education which will be helpful to the future of the young once.



This is the reason why you see many people that are struggling financially because by the time that they will get to the time of facing responsibilities they find out out they're not financially fit to face life parents should start financial management courses with their children as they are growing up so that it can become part of them when they grow up