Instant Gratification & Depreciating Assets

Ever heard the English phrase: All work and no play, makes Johnny a dull boy?

The phrase reminds us of the need for balance. However, today's culture of instant gratification often pushes people to over-prioritize leisure and immediate pleasure. While it’s important to enjoy life, chasing instant rewards—like buying the latest gadgets, luxury cars, or designer clothes—can be financially dangerous, especially when these items are depreciating assets.

Depreciating assets lose their value over time, meaning the money spent on them quickly evaporates, leaving you with little to show for it.

This quest for instant gratification can lead to impulse spending, debt, and long-term financial instability. Instead of building wealth or saving for future needs, people often find themselves in a cycle of buying things that bring only temporary satisfaction (Instant Gratification).

The real danger is that this mindset can undermine long-term financial goals, such as buying a home, investing, or saving for retirement. To avoid these pitfalls, it's important to practice financial discipline, focusing on acquiring assets that appreciate over time, like property or NFTs or participating in Private Sales, and to strike a balance between enjoying the present and planning for the future.

After all, Robert Kiyosaki in his book, “Cashflow Quadrant” explains it beautifully on why we should all strive to become Investors rather being Employees, Self-employed or even Business Owners.

Are you and Instant Gratification person, or a longer-term Investor?

Only YOU can decide……

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