Money & The Law Of Time Perspective

The law of time perspective states that the people who become most successful in life are those who look at things from a long term rather than short term perspective.

You can see evidence of this law all around you. The people at the bottom end of society tend to be focused only on short term immediate gratification.

As a result they spend the majority of their time and money relaxing, having fun and thinking only about how they are feeling in the present moment.

The people at the top end of society however, such as teachers, managers, business executives, CEOs, politicians and presidents think about things differently.

They consider how their actions will affect the type of results they get in the future, and so make sure that what they do gives them the most return later on.

They do not think about satisfying their short term needs, but instead plan ahead and look forward to the future.

Financial Success Comes From Thinking Ahead

People who think in a long term perspective about things decide upon what they want to achieve, and are then are willing to pay whatever price it will take to get it.

They think about the consequences of their financial choices, and reflect upon how it will affect their life in the coming weeks, months and years.

As a result the higher end members of society got to where they are by being careful with their money, and not spending it on everything they saw and wanted.

If we contrast this to the lower end members of society, it becomes clear why so many people struggle financially and get themselves into debt.

These types of people tend only to think about the now and so they engage in financial behaviours that are virtually guaranteed to ensure they spend the rest of their life poor and in debt.

For example, rather than saving their money or investing it so that they can have financial security later in life, they spend all the money they earn on the products they see advertised all around them.

As a result of these wild spending sprees, it is not uncommon to see people living paycheck to paycheck and running up massive credit card debts.

All because they could not discipline themselves to think about things from a long term perspective.

From these examples it is clear so see that anyone who wants to become financially or socially successful in life, absolutely must develop the ability to think about their actions from a long term perspective.

The further ahead you can think about how your current actions will affect your future life, the better quality decisions you will make and the better quality of life you will live as a result.

If you cannot discipline yourself to think ahead, you will never become financially successful in life. It really is as simple as that.

Money & Discipline

Thinking about things in a long term perspective is not always easy, as it is very tempting to live for today and have fun now. Unfortunately however this comes at a grave price.

For example, think about when you were at school. There were people who worked hard and those who didn’t. After you finished school what happened?

Most likely the people who didn’t work hard are regretting their previous actions, because now they are stuck in a dead end job doing something they dislike for very little pay.

The people who did work hard however are now most likely earning a decent wage and enjoying their life.

In order to make yourself think about things from a long term perspective, you need to develop the ability to make yourself do what you know you should do whether you feel like it or not.

This is called self discipline, and the degree to which you are able to discipline yourself throughout your life will largely determine the amount of financial success you will achieve.