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Delay Stratification In Financial Management

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Imagine yourself holding the pot of money tree with a thousand to spend. You go to a mall and find the latest cellphone model in the market. Will you be one of those who will buy the phone at that very moment? Or a you the type of person who would ask about the phone and think about on spending your money at a later time? Do you ask yourself if you really need it? Being successful in your financial management also requires a discipline. In this lesson, you will learn about delayed gratification, how it can benefit to your financial success and how you can develop this trait. You might wonder why all of a sudden you are hearing about delayed gratification and not any financial term. Both moneyinstructor.com and startofhappiness.com claim that delayed gratification is a personal trait. Delayed gratification is a personal trait to reward oneself in a later time for something bigger to come. The classic experiment that you can think of about delayed …show more content…

You learned that your credit cards, debt, loans all play a big part on your credit history. Practicing delayed gratification can help improve your scores. Do you still remember opening only the accounts that you need in order to get a good credit score? Do you still remember only using your cash advances only if needed? Do you still remember not to use up all of your credits? Those are actually signs of practicing delayed gratification. Studying and choosing the best investment before you put all of your money is also delayed gratification. Delayed gratification lets you get the best rates on loans simply because you have a good credit score. Investing and saving are all forms of delayed gratification. Instead of buying things that you seem you like, you spend it wisely in order to get a huge amount of income. These are all just a few benefits that you can get just by having the discipline of not spending

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Nevertheless, the interviewees frown upon being labelled as someone that values luxury over reasonable spending. Hence, they expressed their emphasis on the importance of needs over wants, and that practicality should triumph over extravagance. They see “limited” consumption as a form of self discipline, where excessive spending was only justifiable when it is spent on the family and invested in the children. If

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For example, buying things you don’t need like cashmere sweaters, cute shirts and leopard skin beds, it’s a waste of a lot of money. For example, my family and I have a family friend named Stephanie. She has 3 boxers and she buys everything for them like lot’s of food, veterinary care, and accessories. She literally buys so much food for her dogs that she doesn’t buy any food or anything for herself. She has no food in her refrigerator.

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The environment a person was grown is could affect the way he practices delay. Delayed-gratification impacts on the future of a person. In the article “Who Holds the Clicker?”, during the early performance of psychosurgery “the surgery was being used to ‘cure’ everything from mental retardation to homosexuality to criminal insanity” (Slater ). Whatever the society deemed normal was implanted in a person regardless if the problem was a disease or a birth disorder; resulting in a change that was unnecessary. The environment can affect a person’s identity positively or

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Ramifications of chasing traditional rewards in, “How Not to Get into College”, “Somnambulist”, and “Iced- Cream” Albert Einstein once said, “Try not to become a man of success. Rather become a man of value”. Implying that people tend to get blinded in the hunt of personal triumph in their lives that they forget what really is important to them. Similarly, in Alfie Kohn’s How “Not to Get into College”, Daniel Barwick’s “The So Called Iced Cream” and Heron Jones’s “Somnambulist”, the authors develop the message that, people assume that chasing external rewards equals joy and satisfaction in their lives.

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I, nevertheless, hold that success not merely means money, statue, and reputation; it means that pursues what you wholehearted want, then making your pursuit is accessible, and enjoys this process. Some people suggest that owning a great deal of money is success, which has become the symbol of success. I

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The incident escalated on Twitter when a consumer tweeted a picture of pre-peeled oranges wrapped in plastic sold at Whole Foods, sarcastically criticizing the supermarket for wasting the plastic on the oranges that mother nature couldn’t “find a way to cover” otherwise, highlighting and condemning how a business can negatively influence society by deteriorating the environment. Although Whole Foods Market pulled the product down after apologizing and explaining that it was just an experiment with a seasonal product as “customers love the convenience that their cut product offers”, it didn’t stop a Twitter debate from happening, showcasing how society can positively influence a businesses’ behavior. Some people condemned it was unethical of

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We live in a world where everyone seeks ‘instant gratification’ and the message that is propagated is: You can have! This is why credit card debt is such an insidious thing in the modern world. Our culture has become so accustomed to using credit to purchase whatever we think we desire, that the idea of delayed gratification is almost laughable. It certainly seems outdated!

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Our family has been saving up for a Disney World trip when our daughter gets old enough to really enjoy it. To make this happen we have committed to cooking at home instead of dining out like we usually do once per week. We set the money aside that would have been spent on dinner and we put it in our savings account. We also have decided to cut our shower time down by a few minutes to save money on our water bill. One other sacrifice we’re now accustomed to is saying goodbye to cable television.

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The main strength of conducting this experiment is that is shows the behavior exactly as it occurs in the real world.

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There is a delay behaviour when individuals do not seek medical health care for a problem immediately. There are four stages of delay behaviour which are Appraisal, Illness, Behavioural and Medical. There are also many reasons why individuals delay their medical treatment. Appraisal delay is defined as the time it takes for the individual to decide whether the symptoms are serious. If the individual is not experiencing any symptoms that is illness then the result is appraisal delay.

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International Business Machines (IBM)- 1) Introduction IBM (International business machines) corporation is one of the biggest multinational computer technologies and IT consulting company spread over 170 countries with 330,000 employees. It has its headquarters in Armonk, New York, United States. IBM started its business on June 16, 1911. It is the manufacturer of computer parts for hardware and software and, consulting services and hosting services. And also offers services in infrastructure.

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INTRODUCTION Hook In life, people always continue struggling to obtain what they want, and they always crave for a successful life. In general, success is defined to be the accomplishment of an aim or a purpose, and each of us has our own aims or purposes to reach. Background information For instance, a lot of sport athletes wish to be showered with a lot of trophies and glory.

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The Uses and Gratification theory by Elihu Katz came into existence when the theorist concocted the idea that individuals utilize the media to their advantage. The point of view rose in the mid 1970 's as Katz and his two associates, Jay Blumler and Michael Gurevitch kept on extending the thought. The theory was contemporary since it repudiated more seasoned perspectives that expected the gathering of people was an inactive gathering. The Uses and Gratifications Approach sees the gathering of people as dynamic, implying that they effectively search out particular media and substance to accomplish certain outcomes or delights that fulfill their own needs.

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There is a very popular cliches that money cannot bring us happiness, however, new research of Cambridge shows that people who spent more money on purchases that matched their personality are happier. Money problem is an age-old question, there are many various thoughts of their believes, many people believe that money is the star of crime and the fade of true feelings. However,researchers show that people who has higher incomes is happier than people have lower incomes. Because money expands peoples’ choices of their future, and money changes their lives’ qualities to be more modern to bring them happiness. Therefore, people should build their lives to make more and more money to find more choices and more joyful life.

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Cut some expenses- If you’re having problem managing your budget to save, you might want to cut off some of your expenses. The first thing you can do is remove “luxuries” for your budget list. You don’t have to go to the spa every single week and you can survive without taking a taxi home every day from work.

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