Essay heading: 5 Things The Marshmallow Test Can Teach You About Money

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Psychology

 

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Date added:

October 19, 2005

 

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2 / 469

 

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Avoid temptation-- stay away from the mall when you're bored. Save a marshmallow today and you'll eat well tomorrow The children who waited for the second marshmallow were rewarded with a 100% return on their first marshmallow. Unleash the power of compounding and you'll be rich when you retire. Drooling over s'mores? Wipe your chin and wait for the hot goo to cool-- because you don't want to burn your mouth! One child reportedly licked the table around the marshmallow while waiting for the experimenter to return...
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Imagine having what you want, but wait until the time is right to consume. If you shop, wait until you have cash in hand to buy-- don't get burned by finance charges and credit card debt! Stick your marshmallow into the fire, keep your eye on it and remove when perfectly browned-- before it bursts into flames...
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