Patience Pays: The Power of Delayed Gratification

The Audible Advisor with Spiros Vassilakos

Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit, when you should really consider the delayed rewards.

Here’s what we discuss in this episode:

0:00 – Intro

2:00 – 401k match

3:28 – Tax-deferred accounts

5:17 – Emergency fund

6:18 – Cash out retirement plan early

8:47 – Delaying home maintenance

10:23 – Social Security

12:53 – Health

14:36 – Wrong advisor
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