"Alex Mandossian Answers the In Search Of Heroes Program Questions 'Were you willing to experience discomfort in the pursuit of your dream?'" by Ralph Zuranski
Well, to me discomfort is delayed gratification and those two words are the key to success. Delayed gratification, if you can accept delayed gratification you will be successful.
Think about the concept of compounded interest. It’s just as easy to make one dollar and compound the interest as you have two dollars, as it is to go from one million to two million. It’s just doubling your investment.
However, going from one to two dollars, is not as significant as going from one million to two million. Now, you had to delay some gratification to get two million bucks, in most cases.
To double your net worth, if you have a thousand bucks net worth, then you can make two thousand. Then from two thousand you go to four…four to eight, eight to sixteen. Then you are going to go from a hundred thousand to two- hundred, two-hundred to four, four-hundred to eight-hundred. Finally you can get to one million.
But, how long does it take to double your net worth? It requires delayed gratification.
Now, here’s what’s awesome, because there’s a certain standard of living, if you wait a few years, sometimes a dozen years, sometimes three years, it took me about three years to become a multi millionaire.
I am very fortunate, but some people it may take ten or twenty years. Some people it may take forty years. It doesn’t matter.
Once you reach millionaire status, you could have twice as much money, which is the same jump from one to two dollars, ten to twenty bucks in the same time period, but you will have an extra million bucks.
It requires delayed gratification for that to happen. Now, if you can have that accepted in your life, then you will be successful. No question! That’s one of the traits I have noticed among multi-millionaires and billionaires. They are willing to deal with delayed gratification as they ascend the hill of prosperity.
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