FBC – 122 – immediate vs delayed gratification

Immediate vs delayed gratification.

What is the difference between immediate and delayed gratification? Which one should you pick and more importantly, why?

We discuss it in today's episode.

Here is a preview of my interview that's going to be released Sunday September 23rd: bit.ly/2QNRofq

I got interviewed for another podcast!

And this is actually the very, very first interview that I did and the very first podcast that I appeared on. So it wasn't my podcast. It was my good friend Barry who invited me because we met at a mastermind where I was a speaker.

And he thought I had some really interesting things to say, so invited me on his podcast. So I'm going to put the link inside the description so you can you can have a look. But I think I've said some pretty interesting things in there and maybe some stuff you haven't heard.

Today I wanted to talk about “immediate vs. delayed” gratification.

So one example is this podcast I was interviewed on, which was recorded ages ago and it could have come out straight away, which would have been immediate gratification, but it comes out a few months later.

And if you've listened to the story that I told you of what happened to me on the plane with this idiot. The immediate gratification for me would have been to punch that idiot in the face. All right.

But the delayed gratification was for me to wait until he got caught by the police, you know, which you also there is a balance of you need to find between immediate gratification and delayed. All right. So how do you actually make the difference and how, do you choose?

Okay. So let's say, for example, you want to buy a house. All right. And it’s going to be quite painful for you to buy the house. So the immediate gratification, for example, will be like, you know what? It's too hard. Let me get some rest and I'll just give up on the project. Right.

And the long term gratification will be, well, you'll have a house. So how you decide is that you need to figure out if the pain caused by the immediate task that you need to perform is greater or less than the desired outcome. OK. So, you know, in this case, for example, you want to buy a house. It might suck for a little while because you might have to save money.

Immediate vs delayed gratification.

But when you weigh that in on the scale, the fact of having your home or your own house is ten times more valuable for you than the pain that you're going to experience getting there. Okay.

So if this is this is the case and you really think that the delayed gratification is greater than the sacrifice for the pain you're going to experience, then you should definitely go for the delayed gratification. So in a lot of cases I really suggest looking at the long term objective that you want to achieve.

I have my email business, you know, in France. I work with like a lot of brands. And sometimes we have a campaign. So the advertisers are like, oh, please run this campaign, it's awesome and stuff. If we run the campaign, then we may have a quick influx of cash, we may make 500 euros out of the campaign that day.

But what it means is that since our audience is not necessarily trained to receive that kind of offer or whatever, we may actually have some people unsubscribing. Right.

Which in the long term is affecting the business. So instead of looking for the very quick gratification that I want the money now, you need to look at the bigger picture. So in every decision that I make on my business, I'm looking at the bigger picture.

So there might be a period where you don't think that everything is progressing as fast as you want. But, you know, small increments and constant progress will one day surprise you. And then you'll have a long lasting success because you've been looking at the delayed gratification and not necessarily the quick cash that you could do today. Right. So just be smart about it.