All of us who are stuck in the rat race know the daily stress of work and the anxieties we have for our future even as we worry about the present issues that our families are struggling with. The chart of expenses below compares the expenses of the regular employee to their house helpers. The comparison may seem funny but the situation also tugs at reality in a major way.
People who have a 9-5 job are familiar with the highs and lows of the financial tide on a monthly basis. First, you start off feeling rather ‘rich’ after getting your salary. Then as you use it up, you start feeling poorer and poorer, your wallet getting emptier as the days go by until it gets filled up again when you receive your salary.Read More »
The Marshmallow Test was part of an experiment in the 1960s conducted by Stanford professor Walter Mischel. The experiment was part of a series of psychological studies which followed the lives of selected individuals from childhood to adulthood.
Would you rather get one marshmallow now or wait for a bit and get 2 marshmallows later?
The result of the experiment was to be uncovered years later when the children had all grown up and become adults. It showed the power of choice and the benefits of choosing to delay gratification.Read More »