Ep 06: How Marshmallows Can Help You Succeed...

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"Delayed Gratification – The Key to Success According to Stanford's Marshmallow Test"
 
In this episode of the 5% Radio podcast, the host discusses Marshmallows and how they are related to success and failure.

This conversation is about income and financial security, and how to avoid ending up on the path that 95% of people take. It is a path that sees incomes cap off around the age of 30, with cost of living raises that often can't even keep up with inflation. When people reach retirement age, their income drops to half or a third of what it was.

The conversation then moves on to the marshmallow test, which took place in the 1970s at Stanford. It was conducted by Professor Walter Mitchell and his team, and tested how long little kids could wait to eat a marshmallow. It was looking at delayed gratification versus instant gratification.

In a recent study, researchers tested four to five-year-old children's ability to delay gratification. They put a marshmallow in front of each child and told them if they waited until the researcher came back into the room, they would get a second marshmallow. The results showed which children ate the marshmallow immediately and which ones waited for the second one. Surprisingly, one of the children that waited for the longest went on to become the CEO of a very well-known company.

TIMESTAMPS

0:00:18   Heading: Understanding the Consequences of the 45-Year Plan and the Benefits of the 5% Plan

0:02:54   Delayed Gratification: Examining the Stanford Marshmallow Test

0:04:23   Heading: The Marshmallow Test: Examining Delay of Gratification in Children

0:05:42   The Power of Delayed Gratification: Examining the Benefits of Long-Term Thinking

0:11:11   The Power of Delayed Gratification: How Social Media and Advertising are Hijacking Our Brains

0:14:51   Heading: Delayed Gratification: Life is a Marathon, Not a Sprint

0:16:22   The Power of Delayed Gratification: How to Discipline Your Instant Gratification Habits

0:17:38   Delayed Gratification: How to Exercise the Discipline Muscle in Your Brain


Checkout this remake experiment that was conducted just for fun in this YouTube video. 

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