When you first started out in your network marketing business you dream of becoming financial free. But instead of saving your money and raising your standard of living gradually, you want to have instant gratification.

Instant gratification means realization of your dreams right now. Thinking that taking delivery of your first brand new Mercedes is going to boost your recruitments and your business will expand. Yes, you can benefit from it but not very much. People joint you because they see their future in following you as a leader not what you drive. If you do this too early in your network marketing business, you are putting yourself into a position that is not only stressful but doesn’t allow you to really enjoy life either. Be wise about it do not to fall into the “Living up with the Jones” attitude.

Delay gratification on the other hand is the opposites and is a very important practice for achieving a financially free status. It is process of developing thriftiness. Many successful entrepreneurs do practice thriftiness so as to have more funds in order to generate more revenue. Thus expanding the business and will eventually makes more money. Delay gratification is not about not realizing your dreams but to delay it a bit further so that you can be more liquid, only then when you are able to buy that “BMW” or the “Dream Home” without any financial constrains.

In today’s society it is impossible for us to save up the money first and buy it with cash. Most of us bought our “DREAMS” with loans so that we can realize it sooner; tying up loan repayments with a big portion of our money going to the bank may not be wise. If anything happens and you cannot make the payments the banks are going to take these items away, even your dream home.

It is always better to wait a little longer so as to make a larger down payment and lower the loan amount. My personal rule is the 20 percent rule. Limit a maximum of 20% of your income for your car repayment and another for your home repayment. Never try to stretch to the maximum it will put you into a very stressful situation and you would not be able to enjoy your life.

“The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application” – Miguel De Cervantes

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