A Quote by Brian Tracy

Economists say the inability to delay gratification is a primary predictor of economic failure in life. — © Brian Tracy
Economists say the inability to delay gratification is a primary predictor of economic failure in life.
Just as an individual's ability to delay gratification at a young age is a powerful predictor of future academic and professional achievement, discipline is also central to the long-run economic health of nations.
Immaturity is the inability to delay self gratification.
The only thing that matters is here and the only thing that matters is now. And America's inability to delay gratification is because we do not have eternal thinking.
The failure to cultivate virtue, the failure to examine and analyze what I have learned, the inability to move toward righteousness after being shown the way, the inability to correct my faults-these are the causes of my grief.
A related aspect of intelligent consciousness is delay of gratification: the wisdom to accurately predict whether delay rather than acting on impulse will yield greater benefit.
Delayed gratification is the one thing we ignore these days. And if you delay it, it becomes more pleasurable later in life.
One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.
If your startup is only in the development or idea stage, there is almost no better predictor of failure - I mean, utter failure, scorched-earth bankruptcy - than raising too much money in the first round.
America's greatest sin is the refusal to delay gratification.
I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.
Failure is a man's inability to reach his goals in life, whatever they may be
Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '
Failure should be our teacher, not our undertaker. Failure is delay, not defeat. It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing.
Financial security is a constant in my life. I allow my income to constantly expand, no matter what the newspapers and economists say. I move beyond my present income, and I go beyond the economic forecasts. I do not listen to people out there telling me how far I can go or what I can do.
Nations are political and military entities, and so are blocs of nations. But it doesn't necessarily follow from this that they are also the basic, salient entities of economic life or that they are particularly useful for probing the mysteries of economic structure, the reasons for rise and decline of wealth. Indeed, the failure of national governments and blocs of nations to force economic life to do their bidding suggests some sort of essential irrelevance.
I think that we should not delay for the sake of delay, but delay until questions are answered.
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