FYI: The ability to delay gratification. The whole process of investing involves putting off consumption now for consumption later. The ability to wait when it comes to spending money can help keep you out of credit card debt, compound your money for future use, and give you a margin of safety when things inevitably go wrong.
I’m also a believer that patience with your finances can make that future gratification feel even better when it finally happens. The feeling of anticipation becomes even more worthwhile when it doesn’t come with a debt hangover.
The ability to witness your neighbor getting rich or buying stuff without getting FOMO. Money is almost always relative when we think about our position in life. This clip explains this better than I ever could:
Regards,
Ted
https://awealthofcommonsense.com/2019/05/financial-superpowers/
