If you want your kids to be financially successful later in life, you may want to teach them delayed gratification. Joyce Marter was recently interviewed about the benefits of delayed gratification and why it matters.
Delayed gratification is “the ability to resist the urge for an immediate, smaller reward in pursuit of a greater reward at a later time,” explains Joyce Marter, who says that kids as young as toddlers and preschoolers can begin to learn delayed gratification. And, there’s research to back this up.
