Deferring gratification is BS and will keep you poor.
If you look to the common threads that connect most traditional wealth creation systems, they all share a fundamental philosophy.
Scarcity now = abundance later.
In my opinion, it is a shit solution that no one really speaks about fixing.
You either live your best life now, enjoy a life full of amazing experiences and memories, but you need to continue to work for the rest of your life.
or you squirrel away every last red cent, sacrifice and compromise now and wait until you have enough to live later (on the assumption you’re still healthy enough to enjoy it).
The assumption here is there is not enough financial means available to do both.
This is what the idea of shrinking yourself wealthy is built upon and I’ve seen the majority of people fall into this trap.
In reality, this strategy results in neither an abundant life now or later.
Why?
It is rarely the big ticket spends that consume your cash flow. Sure, if you’re planning $50,000 Swiss alps ski trips each year on a modest income, that isn’t going to do you any favours. However, this is not where most cash flow issues come from.
The typical thought process is;
Cash flow bottlenecks are often small, seemingly insignificant in isolation, yet become a powerful force that consumes the lifeblood that is your surplus that propels you towards your goals.
It is these small, yet frequent expenses that we overlook that become a universal tax that no one complains about.
It comes from the fact that most people cannot defer gratification for the same reason why they fail in their new years resolutions just days after setting their intentions.
The road to hell is paved with good intentions.
I struggled with this for much of my life.
A symptom of ADHD is hyper fixation on hobbies and interests that ultimately consume all of my surplus.
I would stumble across a new fad, to which there have been hundreds.
Martial arts, model painting, bonsai, motorcycles, cars, cooking, travel, bouldering, sailing, fishing, the list goes on.
I would fall into the infatuation of the new pursuit, do endless hours of research to find the best of the best equipment, gadgets, parts etc on the basis that this would shortcut my results.
I would commit to it 100% until something interrupted my pattern and the habit would be broken, the infatuation lost and the interest would be forgotten.
ND exacerbates this behaviour, however, my observations are that most people experience this to some degree.
This is why shrinking yourself wealthy doesn’t work and why you’re setting yourself up for failure.
After years of struggling to run an unrealistic race of wealth as if I were competing with broken ankles, I adopted a new philosophy I call The Wealth Mastery Machine.
The problem is that for most, their success in wealth is based on will power alone.
If we want predictable, repeatable results, we need a system that we can rely on that doesn’t involve sheer grit and determination.
I created a methodology that was based on the idea of living for today and planning for tomorrow. Being able to have your cake and eat it too.
How?
We need to map out all of our goals, both lifestyle and financial, define the financial and time means required to achieve all of it and then set an income target which allows you the surplus to fund all of your ambitions and provide you the ability to buy back your time.
With this income target, we can then reverse-engineer it back into your business profit, revenue, sales, and leads, helping you connect the activity required to achieve the goals that are intrinsically important to you.
In my experience, both personally and with my clients, it has resulted in a substantial uplift in wealth creation, less volatility in action taking, fewer deviations from the plan and a more enjoyable journey.
So you have a choice.
Do things the old fashioned way relying on an unrealistic methods that fail for most.
Or adopt a new way that can have you enjoying the journey and stacking the odds in your favour.
