Podcasts about marshmallow test

You're probably burning out right now. Here's why.Coffee Chat - one-off brainstorm about your situation, no strings attached: https://calendly.com/pooja-venkatraman/coffee-chatConsult Call - let's talk about working together in a full coaching engagement: https://poojavcoaching.com/contact——— 

In this compelling episode of Mindset Matters, Patrick and Steffany explore a powerful concept: the Region Beta Paradox—a psychological phenomenon that explains why we often stay stuck in mediocre situations simply because they're “not that bad.” Whether it's an unfulfilling job, a stagnant relationship, or a comfort zone that's become a cage, the paradox reveals how moderate discomfort can be more dangerous than real adversity—because it fails to trigger change. Patrick shares personal stories, including his own “entrepreneurial accident” in the 1980s, which forced him out of complacency and into a path of purpose and growth. Steffany reflects on receiving the U.S. Olympic & Paralympic Committee's Coach of the Year award and the grounding realization that even recognition doesn't remove life's everyday responsibilities. Together, they unpack how comfort can quietly stall ambition, and why doing the hard part first often leads to greater clarity, resilience, and results. The conversation dives deep into themes of self-responsibility, delayed gratification (with a nod to the famous “Marshmallow Test”), and the neuroscience of getting uncomfortable. They explain how growth requires challenge, not ease—and how embracing discomfort rewires the brain and strengthens personal integrity. Whether you're navigating life, career, or a mindset shift, this episode is a wake-up call to examine where you might be settling for “okay” instead of pushing for extraordinary. This is the essence of the MindShui Way—decluttering the mind, increasing self-awareness, and choosing a life of purpose over comfort.

Infant with rare, incurable disease is first to successfully receive personalized gene therapy treatment We may finally know what happened to the missing water on Mars Revisiting a famous marshmallow experiment: Children more likely to delay gratification if peer promises to wait as well New Twist on Famous Marshmallow Test: What Happens When You Add a Second Kid? Contact the Show: coolstuffcommute@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3147: Mr. Money Mustache explains how developing a “ChaCHING!” instinct, feeling rewarded by not spending money, can radically shift your financial trajectory and mindset. By training yourself to see each avoided purchase as a small win, you increase both your wealth and your freedom without relying on deprivation or strict budgets. Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/06/04/get-rich-with-the-chaching-instinct/ Quotes to ponder: "I just avoided a purchase, and I am richer because of it. Cha-CHING!!" "Every time you don't spend unnecessary money, you have won a little game." "Your safety margin and independence in life just grew a little bit, and the entire rest of your life will now be better because of it." Episode references: The Marshmallow Test: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3147: Mr. Money Mustache explains how developing a “ChaCHING!” instinct, feeling rewarded by not spending money, can radically shift your financial trajectory and mindset. By training yourself to see each avoided purchase as a small win, you increase both your wealth and your freedom without relying on deprivation or strict budgets. Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/06/04/get-rich-with-the-chaching-instinct/ Quotes to ponder: "I just avoided a purchase, and I am richer because of it. Cha-CHING!!" "Every time you don't spend unnecessary money, you have won a little game." "Your safety margin and independence in life just grew a little bit, and the entire rest of your life will now be better because of it." Episode references: The Marshmallow Test: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3147: Mr. Money Mustache explains how developing a “ChaCHING!” instinct, feeling rewarded by not spending money, can radically shift your financial trajectory and mindset. By training yourself to see each avoided purchase as a small win, you increase both your wealth and your freedom without relying on deprivation or strict budgets. Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/06/04/get-rich-with-the-chaching-instinct/ Quotes to ponder: "I just avoided a purchase, and I am richer because of it. Cha-CHING!!" "Every time you don't spend unnecessary money, you have won a little game." "Your safety margin and independence in life just grew a little bit, and the entire rest of your life will now be better because of it." Episode references: The Marshmallow Test: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode 86 of the One for the Money podcast. In the late 1960s and early 70s, a famous psychological study was conducted that has since been called the Stanford Marshmallow test. The study was designed to explore the concept of delayed gratification. In this episode, I'll share how life might be considered one giant marshmallow test.In the tips, tricks, and strategies portion, I will share a tip regarding how to not eat the entire marshmallow.In this episode...The Marshmallow Test [0:36]Delayed Gratification in Personal Finance [2:23]Investing Rewards Patience [10:01]Teaching Financial Discipline [10:46]In the late 1960s and early 70s, a psychologist named Walter Mischel at Stanford University conducted what has become a famous psychological study. The study was designed to explore the concept of delayed gratification — the ability to resist the temptation for an immediate reward in order to receive a larger reward a short time later.Here is how the Experiment was set up:600 preschool-aged children, roughly 4-6 years old, participated in the study. Each child was placed in a room with a marshmallow placed on a table. The researcher told the child that they could either eat the marshmallow immediately or wait 15 minutes without eating it. If they waited without eating the marshmallow, they would be rewarded with a second marshmallow.The researcher then left the room, leaving the child alone with the first marshmallow. The Key Findings as a result of this research were that Individuals had varied Self-Control: Some children immediately ate the marshmallow, while others were able to wait the full 15 minutes for the larger reward. Now you might be wondering what a 4-6-year-old eating a marshmallow has to do with personal finance? Well, that's what was most remarkable about this study was what the follow-up studies revealed. The outcomes were very successful at Predicting Future Outcomes: Over the subsequent decades, Mischel and his colleagues followed up with many of the children who participated in the experiment, and the results were astounding:It found that the children who were able to wait for the second marshmallow, decades later, tended to have significantly better life outcomes in terms of higher SAT scores, lower rates of obesity, more likely to be financially stable as well as to have greater job satisfaction. The ability to delay gratification was a more accurate predictor of future success than their scores on an IQ test.Now it should be noted that while the Stanford Marshmallow Experiment became a widely discussed study about the power of self-control, later research showed that the environment in which a child grows up, including factors like trust in caregivers, socioeconomic status, and stability, can influence how well they are able to delay gratification. For instance, children in more unstable environments may have less reason to trust that the promised later reward will actually come. But suffice it to say, the Stanford Marshmallow Experiment remains one of the most influential studies in psychology, because it exposed the impact that self-control has on later life outcomes.I've read about this study numerous times over the years, but recently it has led me to this thought: is life really just one giant marshmallow test? Is delaying gratification part of the better planning one needs to implement to have a WAY better life?As I thought about this more, I came to the belief that generally speaking, life is one giant marshmallow test and that individuals can both learn and develop the skills so they too can have much better life outcomes. It also seems to me that businesses and politicians can hijack our desires for immediate gratification to their advantage.Individuals...

Subscribe to DTC Newsletter - https://dtcnews.link/signupWelcome to the DTC Podcast! In this episode, Eric sits down with Tomer Tagrin, Co-Founder and CEO of Yotpo, the leading retention marketing platform for e-commerce brands. Tomer shares the behind-the-scenes story of Yotpo 2.0, a complete transformation across product, pricing, service, and marketing — built to serve the modern DTC ecosystem.Key Insights:How Yotpo rebuilt its product team to innovate faster in reviews, loyalty, and SMSThe real cost and payoff of changing a large SaaS company's cultureWhy AI will erase code as a competitive moat — and what brands should prioritize nowHow Yotpo is preparing brands for a future of one-to-one loyalty marketingThe strategic power of investing in agency partners beyond simple referralsIf you're building a DTC brand, working at an agency, or leading a SaaS platform, this episode is packed with practical lessons on what true business evolution looks like in 2025.Timestamps00:00 – Why Yotpo Had to Reinvent Itself02:15 – Tomer's Health Journey and Personal Transformation04:50 – Rebuilding Yotpo's Culture from the Inside Out08:10 – AI's Role in Yotpo's Product and Marketing Innovation12:30 – Competing with Klaviyo and the Future of ESPs16:00 – The Power of AI-Driven Loyalty and Reviews18:30 – Yotpo's CDP Acquisition and Vision for 1:1 Marketing21:00 – Why Agencies Are Critical to Yotpo's Ecosystem23:20 – The Marshmallow Test and Long-Term Thinking26:45 – Advice for Founders Navigating Economic Uncertainty30:00 – Yotpo's Future Vision and Personal Habits for Peak PerformanceHashtags#DTCpodcast #Yotpo #EcommerceStrategy #TomerTagrin #RetentionMarketing #AIBusinessTools #CustomerExperience #DirectToConsumer #SaaSInnovation #AgencyGrowth #EmailMarketing #SMSMarketing #CustomerLoyalty #FounderMindset #DigitalTransformationSubscribe to DTC Newsletter - https://dtcnews.link/signupAdvertise on DTC - https://dtcnews.link/advertiseWork with Pilothouse - https://dtcnews.link/pilothouseFollow us on Instagram & Twitter - @dtcnewsletterWatch this interview on YouTube - https://dtcnews.link/video

Listen to today's Laugh Again with Phil Callaway, "The Marshmallow Test." Enjoy!

What does it really take to succeed as a small business owner? In this episode of The Overlap Podcast, hosts Keith and Sid dive deep into the gritty realities of entrepreneurship, likening it to the adult version of the marshmallow test—a test of delayed gratification, persistence, and strategic thinking. Drawing from over 50 years of combined experience, they unpack the highs and lows of building a business, from managing cash flow to shaping a thriving company culture. With candid stories, surprising statistics, and actionable insights, this episode is a must-listen for aspiring entrepreneurs and seasoned leaders alike. What You Will Learn How owning a business tests your ability to delay gratification and stay persistent. Practical strategies for managing cash flow to avoid becoming a failure statistic. Why culture matters—and how to intentionally shape it as a business owner. The hidden pitfalls of comparing yourself to others in the entrepreneurial journey. Key Topics Discussed The Marshmallow Test Analogy: What does a childhood experiment reveal about the mindset needed for business success? Business Failure Stats: Unpacking the stark reality—why do 50% of businesses fail within five years? Cash Flow Conundrums: When to borrow, when to buy, and why cash is king in the early years. The Flywheel Effect: How persistence builds momentum over time (and why shortcuts don't work). Culture by Design or Default: The surprising ways your leadership shapes your business's attitude. Conference Traps: Why entrepreneurial events can leave you feeling defeated—and how to avoid it. Show Resources U.S. Bureau of Labor Statistics: Small Business Failure Rates - Referenced data on why businesses fail. Good to Great by Jim Collins: Explore the flywheel analogy and disciplined business principles. Grit by Angela Duckworth: Learn more about the science of persistence and delayed gratification. Overlap Podcast Homepage: overlaplife.com - Access sponsor links and additional resources. Quotes "Owning a business is the adult version of the marshmallow test." — Sid "Cash is king. If you run out of money, it doesn't matter how good your idea is." — Sid "Culture is going to happen one way or another—how it happens depends on you." — Sid "If you're not a numbers person, you probably shouldn't own a business—unless you backfill that weakness fast." — Keith Sponsor Spotlight C2 Wealth Strategies: Wes Cody and his team at C2 Wealth Strategies offer personalized financial planning to help you build wealth and secure your future—visit c2wealth.com. Roadmap for Growth: Chris Francis and Rick Miller's online course helps small service business owners scale with proven systems—check it out at treebusiness.com. Content Fresh: Transform your social media presence with Content Fresh, the team behind our 2,235% growth—learn more at overlaplife.com/sponsors. Barranco and Associates: Johnny Barranco provides top-notch accounting and financial consulting to align your business with long-term goals—contact him at overlaplife.com/sponsors. Conclusion Keith and Sid wrap up with a raw, no-nonsense look at entrepreneurship: it's not just about starting a business—it's about staying in the game. From mastering cash flow to owning your role in culture and vision, success demands grit and intentionality. Whether you're dreaming of launching your own venture or fighting to keep one afloat, this episode offers a reality check and a roadmap. Tune in, take notes, and support our sponsors who make these insights possible. Contact Us: Share your thoughts or questions at overlaplife.com/contact.

The Marshmallow Test: Trust Issues Start Young What if I told you some kids fail the Marshmallow Test not because they lack self-control, but because they've already figured out adults are about as trustworthy as a raccoon guarding an open bag of chips? Why wait for a second marshmallow when the adult in charge looks like they're about to eat it themselves? These kids aren't impulsive—they're just realists in a world where promises vanish faster than campaign slogans after election day. Promises, Patience, and Sweet Lies For those who missed the memo, the Marshmallow Test is a famous psychological experiment where kids are given a choice: eat one marshmallow now or wait 15 minutes and get two. It's often seen as a predictor of future success, and every parent secretly hopes their child will resist that marshmallow, picturing it as the golden ticket to Ivy League diplomas, corner offices, and a perfectly polished future. But here's the kicker: kids don't wait because they're born with superhuman willpower; they wait because they trust that the second marshmallow will actually show up. Trump and the Case of the Vanishing Marshmallows And that brings us to Trump. His presidency was like throwing kids into a Marshmallow Test with an adult who keeps saying, “Just wait a little longer,” while sneakily scarfing down all the marshmallows behind their back, and after you waited and there's no marshmallow left, they'd declare, “The deal's off.” Whether it was pulling out of the Paris Climate Agreement, reversing healthcare protections, or rolling back rights for marginalized groups, his policies created an environment where no one could trust what tomorrow might bring. Short-Term Thinking: The Ultimate Buzzkill This isn't just bad governance; it's psychological sabotage. When people lose faith in the future, they stop investing in it. Businesses delay innovation—why take risks when regulations flip-flop every four years? Families postpone major life decisions—just look at how birth rates dropped during COVID-19 as financial and health uncertainties skyrocketed. Society becomes stuck in short-term thinking, grabbing at immediate gains instead of planning for long-term success. Macron, Sarkozy, and Europe's Trust Meltdown And let's not pretend this is just an American issue—Europe has its own cautionary tales we'd be wise to avoid. Remember Macron dissolving France's National Assembly after his party lost its majority? He promised voters their voices would shape governance but then failed to appoint a government reflecting their choices. Or Sarkozy, who pushed France into joining a European treaty despite voters rejecting it in a referendum? These moves didn't just undermine democracy—they shattered public trust in institutions and leadership itself. Kierkegaard Was Right (But Marshmallows Prove It) Philosopher Søren Kierkegaard once said, “Life can only be understood backwards; but it must be lived forwards.” Trust is what allows us to live forwards—to make sacrifices today because we believe they'll pay off tomorrow. When leaders like Trump (or Macron or Sarkozy) undermine that trust, they don't just disrupt progress; they erode our collective ability to plan for a better future. The Real Lesson of the Marshmallow Test: Snack Now or Later? Isn't the real lesson of the Marshmallow Test less about patience and more about trust? I mean, who's going to wait for a second marshmallow if you're not even sure it's coming—are we optimists for holding out, or just realists who know when to grab the first snack and run?

An earn-out is a deal structure where part of the sale price is contingent on the business hitting future performance goals. For many owners, it feels like a gamble—where the payout is uncertain, and the risks are high.  But Bob Gilbreath flipped the script.  He navigated two complex earn-outs across two service businesses and turned both into massive financial wins. In this episode of Built to Sell Radio, Bob shares how he turned the dreaded earn-out into his greatest asset. 

Warum ein Monsterteleskop auch bei schlechtem Wetter nichts bringt und durch wen der Googler ersetzt werden muss? Wer war der erste Zombie und können uns Wale aus Versehen umbringen? Wie erklärt man Dummheit und was ist das nächste Kapitel im Urlaubsdesaster? Was ist der Marshmallow Test warum sind am Ende die Ärsche geleckt? Viel Moral, viel Gesprächsbedarf und einmal mehr stellen wir uns die Frage: Wie kommt es dazu, dass es die Leute sind, die am lautesten schreien die am wenigsten Ahnung haben?

Send us a textLee and Simon talk about their bodily 'tells' regarding stress, then digress into a conversation about fashion before a surprise guest appearance. Things covered: A bodily tic and noticing habits, lip balm, Jon Kabat-Zinn "we are being breathed", work stress, breath, holding back tears, trait anxiety and recipes for heart attacks, Bob's stressors are different, the stress of travelling (and leading up to travelling), airports being designed to bring out the worst in people, Lee's new blue headphones, Simon being able to hear himself, replacing the battery on Bose headphones for £200, "Buy Now" documentary (Netflix), e-waste, Karl Marx and deskilling the work force, Lee's new Payntr Harris Twead overcoat, Boglioli Milano, Loewe electronics and Loewe spanish fashion hour, Lee not buying anything again, unnecessary food, Percy Pigs, Simon's Marshmallow Test failings, the resources required to produce 'junk' food, Tony's Chocolonely chocolate, Bob Whalley makes a guest appearance (at remove, lean in to hear) and comes up with a suggestion or three for next week's episode, plus mukbanging and fart walking.Get in touch with Lee and Simon at info@midlifing.net. ---The Midlifing logo is adapted from an original image by H.L.I.T: https://www.flickr.com/photos/29311691@N05/8571921679 (CC BY 2.0)

In this episode of Win Monday, we revisit a previous conversation with Joe De Sena, founder and CEO of Spartan, in a fresh and exciting way. Joe shares his incredible journey from growing up in a tough "Goodfellas" neighborhood to navigating Wall Street and ultimately creating Spartan. The conversation delves deep into mental toughness, resilience, and the power of embracing challenges. Joe discusses how purpose and persistence fuel success, both in life and in business, while stressing the importance of stepping outside comfort zones. He also offers valuable insights on parenting, emphasizing the role of struggle in building resilience in children. Tune in for a dose of inspiration that challenges you to find your purpose, push your limits, and cultivate unbreakable resilience. Key TakeawaysJoe De Sena's life journey from a challenging upbringing to a successful career in endurance sports.The philosophy of "no retreat" and its role in personal growth and motivation.The origins of mental toughness and the impact of upbringing on resilience.Concerns about overparenting and its effects on children's ability to face challenges.The importance of fostering resilience in children through exposure to difficulties.Lessons learned from mentorship and the significance of work ethic and integrity.The transition from Wall Street to founding Spartan and the pursuit of passion.The concept of the Spartan mindset as a holistic approach to tackling life's challenges.The connection between purpose and resilience in overcoming obstacles.Key principles for success, including persistence, generosity, and effective communication. In This Episode:[00:00:00]: A Fight on the Calendar[00:00:44]: Welcoming Joe DeSena[00:00:53]: The Origin of Spartan[00:02:02]: Discussing the Show "No Retreat: Business Boot Camp"[00:02:36]: Pushing Limits and Overcoming Challenges[00:04:11]: Historical Perspective on Resilience[00:07:08]: Joe's Tough Mindset[00:12:07]: The Marshmallow Test[00:14:02]: Joe's Early Career and Pool Business[00:15:16]: Transition to Wall Street[00:15:43]: What is a Spartan Mindset?[00:16:27]: Importance of Signing Up for Challenging Events[00:17:14]: Consistent Training and Preparation[00:17:54]: Discover Your Why[00:18:39]: Coaching to Pick Your Fight[00:20:21]: The Transformative Power of Spartan Events[00:23:09]: Mission to Democratize Purpose[00:30:06]: Sustaining Success: Lessons from the Marathon Monks[00:33:04]: Creating Happiness and Purpose for Your Kids[00:36:03]: Discussing the mindset of Risk-takers Notable Quotes[00:02:26] "My whole life has been a no retreat. I'm trying to make myself better every day, and I'm trying to make people around me better." — Joe De Sena[00:25:09] "The reason we're doing this is because we got deep cemented in purpose. It changes throughout life. My purpose now is to change 100 million lives." — Joe De Sena[00:27:12] "Purpose is the fuel of courage, the fuel of resilience. If you're going to get up off the mat, you have to believe in why you're playing the game in the first place." — Paul Epstein Our GuestJoe De Sena is the founder and CEO of Spartan, the world's leading endurance sports brand, known for its transformative races that challenge participants to push their limits. His journey began in the same neighborhood as the iconic Goodfellas, surrounded by mob influence, before taking him to Wall Street. Eventually, Joe found his true calling on a farm in rural Vermont, where he discovered his passion for adventure racing. This passion led to the creation of Spartan Race. Joe is a multiple-time New York Times bestselling author and the host of CNBC's No Retreat Business Bootcamp. His work has been featured in Business Insider, Men's Health, Inc., Forbes, ESPN, and The Joe Rogan Experience. Joe's mission is to build unbreakable humans by challenging comfort, fostering courage, and conquering obstacles. Resources and LinksMonday Momentum (sign up here)Monday MomentumWin Monday Community (join here)Win Monday CommunityPaul EpsteinConfidence QuizWebsiteLinkedInInstagramJoe De SenaWebsiteLinkedInInstagram

In this episode, my guest is Morgan Housel, an expert in private wealth generation and management and author of the bestselling book The Psychology of Money. We discuss how desiring, pursuing, saving, and spending money impact our psychology and perception of wealth. We explore why people tend to either overspend or oversave and examine the most common mistakes made in the pursuit of financial freedom. Additionally, we discuss how to best use money — and one's relationship with it — as a tool to create psychological security, freedom, and a deeper sense of life purpose. We also delve into the impact of purchases, social media, and wealth signaling on our internal reward circuits, the dangers of using money as a gauge of career progress or self-worth, and the healthiest psychological stances to adopt while building wealth at any level. By the end of the episode, listeners will have gained numerous practical tools for making smarter financial decisions and should have a clearer understanding of the role money plays in their psychology, happiness, and life. Access the full show notes for this episode at hubermanlab.com. Pre-order Andrew's new book, Protocols: protocolsbook.com Thank you to our sponsors AG1: https://drinkag1.com/huberman Wealthfront**: https://wealthfront.com/huberman BetterHelp: https://betterhelp.com/huberman ROKA: https://roka.com/huberman Function: https://functionhealth.com/huberman **This experience may not be representative of the experience of other clients of Wealthfront, and there is no guarantee that all clients will have similar experiences. Cash Account is offered by Wealthfront Brokerage LLC, Member Finra/SIPC. Promo terms and FDIC coverage conditions apply. Same-day withdrawal or instant payment transfers may be limited by destination institutions, daily transaction caps, and by participating entities such as Wells Fargo, the RTP® Network, and FedNow® Service. New Cash Account deposits are subject to a 2-4 day holding period before becoming available for transfer. Timestamps 00:00:00 Morgan Housel 00:02:13 Sponsors: Wealthfront & BetterHelp 00:05:11 Spending Habits & Cynicism 00:08:44 Tool: Money & Future Regrets 00:16:07 Money Management Extremes; Credit & Hope 00:23:17 Money as a Tool, Happiness, Independence & Purpose 00:27:30 Sponsors: AG1 & ROKA 00:30:11 Unstructured Time; Independence, Identify & Money; Addiction 00:39:04 Longevity, Health & Money 00:47:42 Ambition, Social Media, Fame & Social Debt 00:53:37 Sponsor: Function 00:55:24 Resume Virtues vs. Eulogy Virtues 00:57:52 Compound Interest, Math vs. Behavior 01:01:42 Dopamine & Time, Marshmallow Test & Distraction 01:09:58 Motivation, Pleasure; Relationships 01:14:38 Freedom, Tool: Savings & Independence 01:19:06 Peak-End Rule, Autonomy & Independence; Elder vs. Elderly 01:24:07 Familial Wealth & Identity; Entrepreneurs 01:31:53 Life Purpose; Dogs; Social & Historical Comparison 01:39:58 Social Comparison & Geography, Angst 01:46:07 Carrot vs. Stick, Identity, Tool: Verb States & Energy 01:56:43 Envy & Spending Money; Wealth & Birth Rates 02:01:27 Tools: Parent Modeling; Resentment, Individual Goals 02:07:15 Purpose, Happiness & Money 02:13:05 Zero-Cost Support, YouTube, Spotify & Apple Follow & Reviews, Sponsors, YouTube Feedback, Protocols Book, Social Media, Neural Network Newsletter Disclaimer & Disclosures

Send us a textIn this episode, we dive straight into the most crucial mindset shift you must make to prepare for 2025: mastering self-discipline. We explore the science behind self-discipline, such as the famous Marshmallow Test, which illustrates how delaying gratification leads to long-term success. Whether your goals are professional or personal, discipline will ensure you don't give up when the going gets tough.We also share practical steps to help you start building discipline immediately: focus on small, actionable goals, track your progress, and reinforce positive habits. By mastering self-discipline, you can let go of past failures, break unhealthy patterns, stop procrastinating, and set yourself up for a successful 2025.If you're ready to fast-track your success, Your Thought Life Mindset Coaching is here to help. Reach out and let's start turning your goals into achievements through the power of discipline!Thank you for spending your valuable time with us. We truly appreciate your attention and support. Stay connected with us everywhere! Click the link below to access all our platforms in one place:https://linktr.ee/yourthoughtlifeRemember, you are enough, you can do it, and you are uniquely equipped to realize your goals. Let's continue this journey together!

Hey listeners! No new episode this week, but we wanted to revisit this 2022 classic with Jane Bozarth because we thought it paired nicely with the latest edition of our L&D Dispatch newsletter. Do check out the newsletter Ross G discussed on our L&D Dispatch page, 'Four papers that will make you laugh (then make you think)'. Regular show notes below. --- In learning science, there are certain ideas that have leapt the fences of academia and seeped into the public consciousness. Often, these ideas gain traction because they feel intuitively true. But what does the data say? And how should we apply these ideas as learning professionals?  This week on The Mind Tools L&D Podcast, Ross Garner and Ross Dickie are joined by Jane Bozarth, Director of Research for the Learning Guild, to discuss three research papers that challenge the received wisdom. We cover:  Generational difference Learning styles  The “Marshmallow Test”.  The three papers we discussed were: 'Generational Differences in Work-Related Attitudes: A Meta-analysis', published in 2012 in the Journal of Business and Psychology.  'Another Nail in the Coffin for Learning Styles? Disparities among Undergraduate Anatomy Students' Study Strategies, Class Performance, and Reported VARK Learning Styles', published in 2018 in Anatomical Sciences Education.  'Revisiting the Marshmallow Test: A Conceptual Replication Investigating Links Between Early Delay of Gratification and Later Outcomes', published in Psychological Science in 2018.  The Atlantic did a good write-up of the controversy surrounding the 'Marshmallow Experiment'. See here: https://www.theatlantic.com/family/archive/2018/06/marshmallow-test/561779/  In ‘What I Learned This Week', Ross Garner mentioned a Twitter thread from Aaron Berman, in which he shares writing tips from his time as editor of the US President's daily brief: https://twitter.com/aarondberman/status/1541576231891525633?s=21&t=1_oHB0tqjbt4VXZXmTMnXQ  Jane spoke about Kate the Chemist's recent session at DevLearn. To find out more about Kate, visit her website: https://www.katethechemist.com/  Ross Dickie recommended the technology podcast ‘Hard Fork' from the New York Times. You can find it wherever you get your podcasts, or through the NYT website: https://www.nytimes.com/2022/10/04/podcasts/hard-fork-technology.html  To find out more about Jane's work at the Learning Guild, see: https://www.learningguild.com/  For more from us, including access to our back catalogue of podcasts, visit mindtoolsbusiness.com. There, you'll also find details of our award-winning performance support toolkit, our off-the-shelf e-learning, and our custom work.     Connect with our speakers     If you'd like to share your thoughts on this episode, connect with our speakers on Twitter:      Ross Garner - @RossGarnerMT  Ross Dickie - @RossDickieMT  Dr Jane Bozarth - @JaneBozarth 

Access the FREE training - www.rebuiltrecovery.com/vision   In episode 122 of The Rebuilt Man, Coach Frank Rich discusses how the ability to delay gratification is the number one indicator of success in any area of life. This applies to health, fitness, income, savings, relationships, and overcoming addiction. The Marshmallow Test conducted in 1970 showed that children who were able to delay gratification performed better in school, had higher test scores, and went on to earn more money. To develop delayed gratification, it is important to have a clear plan for the future, practice fasting from food, and learn to say no in daily life.   Takeaways The ability to delay gratification is crucial for success in all areas of life.   Having a clear plan for the future helps in making choices that align with long-term goals.   Practicing fasting from food and saying no in daily life can help develop delayed gratification.   The Marshmallow Test showed that children who could delay gratification performed better in school and had higher incomes later in life. Access the FREE training - www.rebuiltrecovery.com/vision   – Follow Coach Frank: IG - https://www.instagram.com/coachfrankrich   YouTube - https://www.youtube.com/@CoachFrankRich   Website - https://www.rebuiltrecovery.com/homepage

Epic Games Store's long running free games program seems to be paying off for their user acquisition strategy, despite their low sales of exclusives. They still can't hold a candle to Steam though.The Marshmallow test is supposed to determine a child's future. The latest studies actually debunk it, and prove that you really aren't limited. At least not that way.The US FTC has finally banned fake reviews. YAY. We'll see how they enforce it but hopefully this leads to a major reduction in fraud.Epic games free giveaway - Epic Games' free game giveaways have been "magical" for user acquisition | GamesIndustry.biz Debunking the Marshmallow testing- Delay of gratification and adult outcomes: The Marshmallow Test does not reliably predict adult functioning - Sperber - Child Development - Wiley Online Library- Delay of gratification and adult outcomes: The Marshmallow Test does not reliably predict adult functioning FTC vs Reviews- New 163-Page FTC Regulation Bans Fake Reviews, Testimonials, And More In "Final Rule" - What Does It Mean For Review Bombing? - Bounding Into Comics Full Show Notes : https://docs.google.com/document/d/1S1JXbx8j5kULMFGaHMONym5vt2dSG68stYsHlHGxEv8/edit?usp=sharing Follow us onFacebook Page - https://www.facebook.com/NerdsAmalgamated/Twitter - https://twitter.com/NAmalgamatedSpotify - https://open.spotify.com/show/6Nux69rftdBeeEXwD8GXrSiTunes - https://itunes.apple.com/au/podcast/top-shelf-nerds/id1347661094Instagram - https://www.instagram.com/nerds_amalgamated/Youtube - https://www.youtube.com/@nerdsamalgamated142 Hosted on Acast. See acast.com/privacy for more information.

It's one of the best-known findings of psychology research: kids who can delay gratification by not eating a marshmallow will grow up healther, wiser, and more successful. But guess what? Later studies had trouble finding the same results. What do we actually know about delaying gratification?Get ready to control yourselves, because in this episode of The Studies Show, Tom and Stuart tell the story of yet another famous psychological study that turned out not to live up to the hype.The Studies Show is sponsored by Works in Progress magazine. If you're looking for thoughtful essays on areas of policy, science, and technology that you might not have considered previously, there's no better place. Check it out at worksinprogress.co.Show notes* The famous 1988 paper by Walter Mischel and colleagues on predicting teenage outcomes from childhood marshmallow test performance, and the famous 1990 one (including the SAT predictions)* And the much older research that this follows up* Walter Mischel's 2014 book The Marshmallow Test* Publicity piece on the book in Vox* First proper replication study from 2018* Debate about how the study used covariates* Really good Vox article describing the replication* 2021 paper (co-authored by Mischel) following up on the original participants* New 2024 paper following up on the replication study* Heavily-cited 2011 paper from the Dunedin study on the predictive power of self-control measures* Inzlicht and Roberts (2024) on trait vs. state self-control, and why we might have been thinking about this the wrong wayCreditsThe Studies Show is produced by Julian Mayers at Yada Yada Productions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.thestudiesshowpod.com/subscribe

This is a recap of the top 10 posts on Hacker News on August 2nd, 2024.This podcast was generated by wondercraft.ai(00:33): The upstream cause of the youth mental health crisis is the loss of communityOriginal post: https://news.ycombinator.com/item?id=41139149&utm_source=wondercraft_ai(02:07): Hackberry-Pi_Zero – A handheld Linux terminal using Raspberry Pi Zero 2WOriginal post: https://news.ycombinator.com/item?id=41138701&utm_source=wondercraft_ai(03:17): The Marshmallow Test does not reliably predict adult functioningOriginal post: https://news.ycombinator.com/item?id=41139854&utm_source=wondercraft_ai(04:26): Sqlite-vec: Work-in-progress vector search SQLite extension that runs anywhereOriginal post: https://news.ycombinator.com/item?id=41137658&utm_source=wondercraft_ai(05:38): Null-Restricted and Nullable TypesOriginal post: https://news.ycombinator.com/item?id=41136974&utm_source=wondercraft_ai(06:57): Tauri 2.0 Release CandidateOriginal post: https://news.ycombinator.com/item?id=41141962&utm_source=wondercraft_ai(08:08): Robin Warren, pathologist who rewrote the science on ulcers, has diedOriginal post: https://news.ycombinator.com/item?id=41137694&utm_source=wondercraft_ai(09:22): What happens in a mind that can't 'see' mental imagesOriginal post: https://news.ycombinator.com/item?id=41138338&utm_source=wondercraft_ai(10:35): About Google Chrome's "This extension may soon no longer be supported"Original post: https://news.ycombinator.com/item?id=41140185&utm_source=wondercraft_ai(11:46): ArchiveTeam WarriorOriginal post: https://news.ycombinator.com/item?id=41141349&utm_source=wondercraft_aiThis is a third-party project, independent from HN and YC. Text and audio generated using AI, by wondercraft.ai. Create your own studio quality podcast with text as the only input in seconds at app.wondercraft.ai. Issues or feedback? We'd love to hear from you: team@wondercraft.ai

A leader and her coach discuss a three-step model for turning upward feedback into a learning conversation that might allow the boss to hear the message. This month's coaching conversation explores whether feedback should be given upwards in the first place. If so, are there ways to deliver the feedback effectively? Download the free “Giving Upward Feedback” PDF.In the commentary, Tom tells a story about the Marshmallow Test being debunked. Here's the column he mentions.This episode is tagged in the library in three categories:Communication SkillsFeedbackManaging UpFive related episodes you might listen to are:74 Dealing with Emotional Responses14 Delivering Tough Feedback32 Giving Powerful Feedback118 Perception is Reality99 The Disruptive Executive – Part OneBe in touch with Tom here. Grab a free transcript of the episode here. We share more resources in our monthly Essential News email. Sign up here.From all of us here at The Look & Sound of Leadership, thanks! 

In this episode of **Money Grows On Trees: The Podcast**, host Lloyd Ross dives deep into a crucial topic: *The Three Reasons Why People Stay Broke*. Drawing inspiration from the wisdom of the late Charlie Munger, Ross breaks down the fundamental behavioral barriers that prevent financial success. Discover why caring too much about others' opinions, an inability to delay gratification, and a lack of continuous learning are holding you back from achieving your financial goals. Packed with actionable insights and real-world examples, this episode is a must-listen for anyone looking to break free from the cycle of financial stagnation. Tune in now to transform your money habits and start paving the way to wealth!

Dr. Chris McGinnis joins me in Session 266 to talk about his work in Primary Care Behavioral Pediatrics. If you're not sure what that is, don't worry. We go over that right away and learn that this area of work sits in an important and underserved niche: The niche between the general behavioral advice dispensed by pediatricians, and intensive treatment for serious mental health challenges. In a way, this conversation expands on something that Pat Friman brought up in our most recent interview: The idea that BCBAs are uniquely suited to provide families with this type of care. In order to provide direction to those who are interested in doing just this, Chris recently published Introduction to Primary Care Behavioral Pediatrics: A Guide for Behavior Analysts. In our conversation, we covered: ·       His background in Behavioral Pediatrics, including his work at BoysTown (and meeting Pat Friman for the first time). ·       The motivation for writing his book. ·       The reification of psychological terms (see Skinner '45). ·       The myth of the Chemical Imbalance Hypothesis. ·       The range of behavior challenges he sees in his practice. ·       Thoughts on caregiver adherence. ·       The pros and cons of reimbursement practices, including the concierge model he has currently adopted. ·       Chris' study of Trauma-Informed Care. ·       Permissive vs. Authoritative, and how those related to adolescent mental health.... In other words, why parenting is like The Marshmallow Test. ·       Advice for the newly-minted BCBA. This podcast is brought to you by the following: Please welcome our newest sponsor, The New England Center for Children! I am beyond thrilled to partner with one of the oldest and well-respected ABA institutions to help them find staff to continue their mission of supporting individuals with Autism. Learn more about careers at NECC over at necc.org/jobs. ACE Approved CEUs from .... Behavioral Observations. That's right, get your CEUs while driving, walking your dog, doing the dishes, or whatever else you might have going on, all while learning from your favorite podcast guests! HRIC Recruiting. Barb Voss has been placing BCBAs in permanent positions throughout the US for just about a decade, and has been in the business more generally for 30 years. When you work with HRIC, you work directly with Barb, thereby accessing highly personalized service. So if you're about to graduate, you're looking for a change of pace, or you just want to know if the grass really is greener on the other side, head over to HRIColorado.com to schedule a confidential chat right away. The Behavioral Toolbox. thebehavioraltoolbox.com is a new education and training site that my colleagues Anika Costa and Dr. Paulie Gavoni and I have been working on for over two years. We have two courses available: our first course, Ready, Set, Consult! and our newly released course, When Not to FBA: 5 Quick Strategies for Improving Behavior in Classrooms.

In our fast-paced world with constant access to information and resources, it's natural that people want quick results and prefer not to wait…   However, what happens when we choose to delay gratification if it means we may achieve even more in the future?   On today today's #CabralConcept 2964 I want to share with you the marshmallow experiment and go over what we can learn from it and how it applies to goal setting and attainment. Enjoy the show, and feel free to share your thoughts!   - - - For Everything Mentioned In Today's Show: StephenCabral.com/2964 - - - Get a FREE Copy of Dr. Cabral's Book: The Rain Barrel Effect - - - Join the Community & Get Your Questions Answered: CabralSupportGroup.com - - - Dr. Cabral's Most Popular At-Home Lab Tests: > Complete Minerals & Metals Test (Test for mineral imbalances & heavy metal toxicity) - - - > Complete Candida, Metabolic & Vitamins Test (Test for 75 biomarkers including yeast & bacterial gut overgrowth, as well as vitamin levels) - - - > Complete Stress, Mood & Metabolism Test (Discover your complete thyroid, adrenal, hormone, vitamin D & insulin levels) - - - > Complete Food Sensitivity Test (Find out your hidden food sensitivities) - - - > Complete Omega-3 & Inflammation Test (Discover your levels of inflammation related to your omega-6 to omega-3 levels) - - - Get Your Question Answered On An Upcoming HouseCall: StephenCabral.com/askcabral - - - Would You Take 30 Seconds To Rate & Review The Cabral Concept? The best way to help me spread our mission of true natural health is to pass on the good word, and I read and appreciate every review!  

In our fast-paced world with constant access to information and resources, it's natural that people want quick results and prefer not to wait…   However, what happens when we choose to delay gratification if it means we may achieve even more in the future?   On today today's #CabralConcept 2964 I want to share with you the marshmallow experiment and go over what we can learn from it and how it applies to goal setting and attainment. Enjoy the show, and feel free to share your thoughts!   - - - For Everything Mentioned In Today's Show: StephenCabral.com/2964 - - - Get a FREE Copy of Dr. Cabral's Book: The Rain Barrel Effect - - - Join the Community & Get Your Questions Answered: CabralSupportGroup.com - - - Dr. Cabral's Most Popular At-Home Lab Tests: > Complete Minerals & Metals Test (Test for mineral imbalances & heavy metal toxicity) - - - > Complete Candida, Metabolic & Vitamins Test (Test for 75 biomarkers including yeast & bacterial gut overgrowth, as well as vitamin levels) - - - > Complete Stress, Mood & Metabolism Test (Discover your complete thyroid, adrenal, hormone, vitamin D & insulin levels) - - - > Complete Food Sensitivity Test (Find out your hidden food sensitivities) - - - > Complete Omega-3 & Inflammation Test (Discover your levels of inflammation related to your omega-6 to omega-3 levels) - - - Get Your Question Answered On An Upcoming HouseCall: StephenCabral.com/askcabral - - - Would You Take 30 Seconds To Rate & Review The Cabral Concept? The best way to help me spread our mission of true natural health is to pass on the good word, and I read and appreciate every review!  

48 HOURS until 'Areté' hits stores! Learn more, read/listen to the first 11 chapters (and foreword by Phil Stutz) and get your pre-order bonuses at https://heroic.us/arete!

The earlier you learn the discipline of waiting, the better off you'll be later on in life. Patience is indeed a virtue.See omnystudio.com/listener for privacy information.

In this episode, we delve into a fascinating study involving marshmallows that reveals a crucial life lesson, often overlooked by the majority. The study centers around children who are presented with a simple choice: eat one marshmallow now or wait and receive two marshmallows later. The results of this experiment provide profound insights into the concept of delayed gratification and its implications for success. Key Points: The Marshmallow Test: We explore the renowned "Marshmallow Test," where children's ability to delay immediate gratification by waiting for a larger reward is examined. This simple test holds significant predictive power for future success. Delayed Gratification Defined: Learn how delayed gratification involves the willingness to forgo immediate rewards or pleasures in favor of larger, long-term benefits. It's a skill that has a profound impact on one's life trajectory. Alex Hormozi's Wisdom: Gain insights from Alex Hormozi, who emphasizes the importance of patience in achieving success. He highlights that the ability to wait for results over varying time horizons—whether 90 days, a year, a decade, or a lifetime—can determine the scale of one's achievements. Expanding Your Time Horizon: Discover practical steps to expand your time horizon. This involves setting ambitious goals with extended timeframes, developing strategies to achieve them, and finding fulfillment in the journey. In the Meantime: Explore how to make the most of the waiting period on your path to success. Instead of focusing solely on the end result, learn to find value and growth in the process. Managing Impatience: Address the common challenge of impatience and explore strategies to overcome it. Recognize that meaningful achievements often take time and persistence. This podcast episode encourages you to reflect on your approach to goals and the role of delayed gratification in your journey. By expanding your time horizon and embracing patience, you can significantly enhance your chances of achieving long-lasting success. Join us as we uncover the profound lessons that marshmallows can teach us about life and achievement. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12-24 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence FREE Courses on how I would do my proprietary search and build my private money partner list. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

In this episode, we delve into a fascinating study involving marshmallows that reveals a crucial life lesson, often overlooked by the majority. The study centers around children who are presented with a simple choice: eat one marshmallow now or wait and receive two marshmallows later. The results of this experiment provide profound insights into the concept of delayed gratification and its implications for success. Key Points: The Marshmallow Test: We explore the renowned "Marshmallow Test," where children's ability to delay immediate gratification by waiting for a larger reward is examined. This simple test holds significant predictive power for future success. Delayed Gratification Defined: Learn how delayed gratification involves the willingness to forgo immediate rewards or pleasures in favor of larger, long-term benefits. It's a skill that has a profound impact on one's life trajectory. Alex Hormozi's Wisdom: Gain insights from Alex Hormozi, who emphasizes the importance of patience in achieving success. He highlights that the ability to wait for results over varying time horizons—whether 90 days, a year, a decade, or a lifetime—can determine the scale of one's achievements. Expanding Your Time Horizon: Discover practical steps to expand your time horizon. This involves setting ambitious goals with extended timeframes, developing strategies to achieve them, and finding fulfillment in the journey. In the Meantime: Explore how to make the most of the waiting period on your path to success. Instead of focusing solely on the end result, learn to find value and growth in the process. Managing Impatience: Address the common challenge of impatience and explore strategies to overcome it. Recognize that meaningful achievements often take time and persistence. This podcast episode encourages you to reflect on your approach to goals and the role of delayed gratification in your journey. By expanding your time horizon and embracing patience, you can significantly enhance your chances of achieving long-lasting success. Join us as we uncover the profound lessons that marshmallows can teach us about life and achievement. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12-24 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence FREE Courses on how I would do my proprietary search and build my private money partner list. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

Wissenschaftliche Sensation: Brasilianisches Forschungsteam entdeckt Hybridwesen aus Fuchs und Hund. Wie funktionieren Pyjama-Parties befreundeter Hunde? Eine echte Verschwörungsgeschichte im Mineralölkonzern Exxon und seine Folgen für den Planeten. Welche Politiker:innen würden den Marshmallow-Test überstehen? Was weiß man über die tödliche Beißattacke in Österreich? Und was weiß man vor allem nicht! Außerdem: Während der Hundeprofi sich bester Gesundheit erfreut, muss Alma weiter auf ihre Leber achten. Und: Sollte man sich mit Nazi-Sympathisant:innen streiten oder sie direkt canceln? Im Rasseportrait: FCI-Nr. 118 +++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/tierischmenschlichpodcast +++ Hier geht´s zum Martin Rütter Shop: https://shop.martinruetter.com/ +++Unsere allgemeinen Datenschutzrichtlinien finden Sie unter https://datenschutz.ad-alliance.de/podcast.html +++ https://www.rtl.de/cms/service/footer-navigation/impressum.html +++Unsere allgemeinen Datenschutzrichtlinien finden Sie unter https://art19.com/privacy. Die Datenschutzrichtlinien für Kalifornien sind unter https://art19.com/privacy#do-not-sell-my-info abrufbar.

It's time for another mini-sode on a famous experiment. This one was conducted in the 1970s but has been replicated many times. The Marshmallow Test originally had some pretty serious implications, but those results don't hold up today. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ NAMI HelpLine: 1-800-950-NAMI (6264) or info@nami.org ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.nami.org/help⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ NEW mental health crisis number: 988 Trans Lifeline: US (877) 565-8860 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://translifeline.org/hotline/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Delayed Gratification and the Marshmallow Test: Lessons for Life Planning and Attracting Long-term Success In this episode, we explore the powerful intersection of delayed gratification and the Law of Attraction, backed by scientific insights from psychology and neuroscience. Learn how mastering the art of waiting can amplify your ability to attract long-term success, complete with actionable tips to strengthen your 'mental muscle' and create a positive feedback loop for achieving your goals. Download the Selfpause App

https://kyla.substack.com/p/fragmentation-polarization-and-the

Ever feel like you're constantly putting out fires at home because your young person struggles with self-control? You're not alone, and the good news is, there's a solution! In this episode, I dive deep into the transformative power of teaching self-control skills to your young person. And I'm not just talking about resisting a marshmallow here (remember the classic Stanford Marshmallow Experiment?); we're talking about life-changing benefits that will make your family environment happier, more peaceful, and yes, less stressful for you! Whether your young person is a toddler or a teen, or even if they struggle with attention issues like ADHD, this episode is packed with actionable tips and strategies to set them—and you—up for success. We'll cover different types of self-control, from impulse control to emotional regulation, and give you the tools to implement these lessons at home. And here's the cherry on top: To make it super easy for you to put these insights into action, I've created a FREE homework helper that complements this episode. It's designed to guide you through the journey of instilling self-control in your young person, complete with exercises tailored to your family's unique dynamics.

Today's guest is Adam Zach.   Adam retired from the Civil Engineering profession at age 32 through real estate investing. He is a family man with a business, not a businessman with a family.   Show summary: In this podcast episode, host Sam interviews retired civil engineer Adam Zack, who achieved financial independence through real estate investing. Adam shares his strategy of buying rental properties in up-and-coming markets and emphasizes the benefits of being a tenant buyer. He discusses his approach to underwriting potential buyers based on their credit score and background, and explains how he pairs investors with properties that meet their desired return criteria. They also discuss the challenges of securing loans and verifying down payments, as well as the potential market size for this investment strategy. Adam reveals their recent launch of a fund to streamline their real estate purchases. -------------------------------------------------------------- Intro [00:00:00] The Marshmallow Test [00:01:49] Formulating the Plan and Executing [00:03:12] Finding the Person First, Property Second [00:06:53] The option to buy structure [00:08:25] Complications and sourcing funds [00:09:17] Market potential and disqualifying criteria [00:10:51] The challenges of real estate transactions [00:18:05] Launching a real estate fund [00:20:26] Current challenges in the real estate market [00:21:15] -------------------------------------------------------------- Connect with Adam:  Linkedin: https://www.linkedin.com/in/adam-zach-pe-0000303b/  Facebook: https://www.facebook.com/ChessChief   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Adam Zach (00:00:00) - As a tenant buyer, it's actually great to buy an up and coming markets that could drop because you just have the option but not the obligation to buy. And so at the same time, that's why we're setting this up, not so much as like, hey, test drive it, it's, hey, this is your house. And if something were to go wrong, we give them three years, they get an option to extend for a year. Plus we give them the option of like, Hey, if something really goes wrong, we'll just sell the home. And if there's whatever equity is generally left, you can take part of your deposit back. Just like if you bought a house now and sold it six months later, you're going to lose money just 6% to agent fees, whatever it is. And so we're trying to set it up as much for success across the board. Welcome to the How to Scale commercial real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:50) - Adam. Zack is retired from the civil engineering profession at the age of 32. He did that through real estate investing, as he claims. He is a family man with a business, not a business man with a family. Adam, welcome to the show.   Adam Zach (00:01:03) - Thank you, Sam. Good to be here.   Sam Wilson (00:01:05) - Absolutely. The pleasure is mine. Adam There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there?   Adam Zach (00:01:14) - Little town of Dickinson, North Dakota, population 17,000, went to civil engineering school. One of six found my sweetheart in college. We got married. We now have three kids. Five, three and one. Got into real estate just as I graduated engineering and realized that the marshmallow test was the key to success, that if I can just wait and not eat that one marshmallow today, I can have two later.   Sam Wilson (00:01:40) - Fantastic. I would venture to say that many of our listeners have no idea what you're talking about.   Sam Wilson (00:01:46) - I do know what you're talking about. Tell us about the marshmallow test.   Adam Zach (00:01:49) - So they did this experiment. It was kind of cruel with kids, but like it was a great indicator of success in life or being able to get what you want because success has a funny success in my mind, is just getting from point A to point B if you want to get there, point A to point B could be I could lose £1, £10, I could get whatever I want. So in general, they set these kids in a room and they said, Hey, you can have this one marshmallow now and you can just eat it or you can go play with those toys. And if you wait, I think it was like 30 minutes, I'll give you two marshmallows later. And the kids that were able to be like, You know what, I'm going for the two marshmallows. Like, I'm going to do it. Like these kids that were, you know, less than ten years old that they were able to have some sort of self-control.   Adam Zach (00:02:27) - They tracked them over a period of like 30 or 40 years and found out that they were much happier and successful in their careers.   Sam Wilson (00:02:33) - Right? Right. Yeah, absolutely. So you graduate engineering school and then you get into real estate. One thing I know because I am not an engineer, I need engineers in my life because you exhibit this trait, which is that you will research, research or research plan and then execute. And having had and currently have friends who are engineers getting to the point where they're like, okay, now we're ready to do it takes a considerably long amount of time. It sounds like you were able to formulate the plan and execute, which a lot of people struggle with in a in a relatively short period of time. How did you do that, especially coming directly out of college?   Adam Zach (00:03:12) - The tipping point was asymmetric reward to risk at a 2 to 1 ratio. So Daniel Kahneman does this great test, like you flip a coin. It's heads. I'll give you 50 bucks. If it's tails, you give me 50 bucks.   Adam Zach (00:03:25) - Most people won't do it. Like I don't want 5050 because they fear losing two times as much as they gain winning. So the tipping point is, I'm going to flip a coin. You win $100 or you lose 50, then that's like when the tipping point is like, Oh yeah, I'll do that. Right? Like, sure, if I do it enough time, if I'm going to do that enough time, I'm going to win. Right? But if it's like it's just one time, some people like you have to get to that comfort zone. So for me, it was, okay, what's the upside and is it more than a 1 to 1 ratio? Because otherwise my brain cannot compute, right? It's like, here's the reward. I'm betting a dollar. I could lose a dollar. Like I'm just playing blackjack and it's like there's too many and there's so many variables that I can't control. So in my mind it was, how do I make it a 2 to 1? Because I have to get beyond that first for my own reptile brain.   Adam Zach (00:04:12) - And once I do that, I'm like, Let's just do this enough and eventually I'm gonna win, right?   Sam Wilson (00:04:18) - Oh, that's really cool. Let's dig into that. And I love My mind immediately actually went to Blackjack. You said that. I'm like, Yeah, I think, you know, I'm not mistaken that the casino's edge in the game of blackjack, it's only like 3/10 of a percent. It's not 1%. Maybe it's a half a percent. Whatever it is, it's. It's really small. So, I mean, the casino does have the edge, whatever that is. 50 point call it, 50.5% to your 49.5. And the game still gets played. But you found a way to have that return of 2 to 1 on the okay, I win, I make 100, I lose, I lose 50. What was it?   Adam Zach (00:04:57) - So for that it was specifically, how can I. Heads. I win, tails I break even. Right? And it was okay, if I win, it's going to be this.   Adam Zach (00:05:07) - And if I don't, it's like, okay, over the long term, I'm going to generally not lose money. It's not I have to get 8%. It's not that I have to beat the S&P. It's just like, okay, over a period of five years, if I do this, the worst thing that's going to happen is I got a $10,000 education that I should have put. I could have put my money in at 8% and maybe would have grown to $12,000, which is like, you know, do. But if I win, you know, that now turns into a rental that I get a block that then fuels everything else. And so it was looking at that ratio of like, okay, if I do this right in general, and of course you can always go, you know, it could be worse, right? I could have not had insurance and the whole house could have fall down. But it's like, okay, give give some sort of like 95 degree level of confidence, right? So like that's where it gets a little bit tricky.   Adam Zach (00:05:54) - But like that's how my engineer brain was like, okay, well, the worst of the worst of the worst is like, as long as I have insurance and as long as something else, like in general, if you hold real estate long enough, like it generally works. So like for my first deal, it was like, just try not to lose money and if I happen to be right, I'm going to probably learn something and win.   Sam Wilson (00:06:11) - Got it. I love that. So you began in Single Family, is that right?   Adam Zach (00:06:16) - That's right. And that's what I grew most of the portfolio. It's crazy. It just a single base hit at a time, right? That was it. Just one one after another through 50 homes.   Sam Wilson (00:06:25) - 50 homes. You have 50 rental properties currently, correct?   Adam Zach (00:06:29) - In 13 different states.   Sam Wilson (00:06:31) - Wow. Okay. 50 rental. That's that. That's a twist. I did not expect 50 rental properties, 13 different states. What was the strategy in getting outside of You're in North Dakota, right? You got it right.   Sam Wilson (00:06:49) - What was the strategy or the intention behind, hey, we're going to we're going to go outside of North Dakota.   Adam Zach (00:06:53) - So besides just taking the action, getting in the game, we went through like pivot one, pivot two, pivot three of like, oh, this business model is better. Okay, now this one's better. Okay? It's fixing flips. No, it's the burn. No, it's wholesaling. No, it's commercial. No. And it was like, okay, in general, we just like, okay, what do you not like about what you're currently doing? Solve that problem? And so what we currently ended up with with, okay, let's find the person first and the property second, which means we find someone who 1 to 3 years away from a mortgage, they apply to us. We preapproved them like a bank. We go buy the home and sell it to them on a rent with an option to buy. So we don't find any properties. We don't look at properties, We still get the inspection and still get the appraisal.   Adam Zach (00:07:30) - But now we find the people, the people go shopping with an agent and then we buy the home for them.   Sam Wilson (00:07:36) - So I'm sorry, I'm a slow learner. Rewind that strategy again.   Adam Zach (00:07:42) - So. So this scenario, Adam cannot get into a house because I recently left my civil engineering job and on paper I make negative money. So the bank says, Hey, turns out your debt to income ratio is out of whack. Like, I can't buy you an owner occupied home, but you can go get a loan all day, right? So I can buy a non owner occupied. But if I want a primary residence, the bank does not like Adam in my current position. Wealthy, but debt to income doesn't work. So I go, Hey Sam, if I put 20% down on a new build here in Fargo, so a $400,000 house, would you go get a loan for 320,000? You don't put any money up. Whatever your whatever your pity is, I'll pay you that plus $500 a month.   Adam Zach (00:08:25) - Just give me the option to buy it back at $430,000 any time in the next 18 months. And you'd say, well, what's your credit score? What's your background? What's like? And so then we we basically underwrite people like I'm a registered loan originator. I'm also an investor. And so we underwrite people to that criteria. I'm like, okay, you're risky, you're 20% down, you're not risky, you're 5% down. And then we're basically pairing of what we want from a return, just almost like we're privatizing the mortgage industry. But instead of doing a first position loan, Sam, as the investor taking title, you get to depreciate it. It's a rent with an option to buy. So it's more favorable to you as the investor when you're buying the home, selling it on an option to buy because the option fee doesn't get taxed right away. It's not like deferred capital gains. You can still 1031 into something. And so that's the structure that really hit the turbo button for us.   Sam Wilson (00:09:16) - Wow.   Sam Wilson (00:09:17) - I mean, forgive me, but that sounds that sounds complicated because you got to write borrower, you got to find the right property. You've got to find the right bank. Let's assume I'm the lender. I'm the I'm the one in this case putting up the $320,000 loan. Does it get complicated? If you are the lease option tenant, I'll call it that. Does it get complicated with you bringing the down payment and me securing the loan in the bank comes to me and says, Hey, Sam, where'd that 80 grand come from?   Adam Zach (00:09:51) - If you're putting it in your own personal name, 100%, because they got to source all the funds, right? If you're getting a commercial loan or typically a DSR, they they I guess sometimes it's, hey, I need a show proof of funds, but I'm putting my 80 grand towards the title company you're bringing. If you have let's say we're doing ten and ten, then you would send it to the title company. So in theory you just have to show the proof of funds.   Adam Zach (00:10:18) - But the title company is the one receiving all the funds, so they're receiving my non-refundable 80 grand of option fee. And then the day and the day you close the take title, sign the mortgage, do the personal guarantee, whatever it is, we're executing the lease with the option to buy. So you you actually don't typically we don't touch the keys. They just hand the keys over.   Sam Wilson (00:10:35) - Sure. Right. Yeah. Ideally. Ideally, that's the that's the strategy. That's really, really intriguing. How many potential, um, people are there that fit this criteria such that you can make a scalable business out of it?   Adam Zach (00:10:51) - So roughly 1 in 10 Americans get denied a mortgage, which is, which is excess of 2 million people every year. There is 140,000 people searching rent to own into Google every month. Wow. And so all we did was tapped into that market disqualify the individuals that can only put 1% down because like there's different like there's larger companies divvy homes, Home Partners of America, this is their entire business model, but they don't offer it up to other investors.   Adam Zach (00:11:23) - They say they say test drive the home, put 1% down, rent it with the option to buy. And that's that's also a great scalable market. But they only pick great properties and great locations. And for us, since we're tenant led, we just said, Oh, you're picking a property and nowhere in North Dakota you're probably going to need 20 to 30% down because I don't want to come to that property. I don't want this property back, right? And so all it is, is just like a balanced, almost like risk to reward of like, okay, if they default, if Adam defaults, I'm keeping his 80 grand and then I'm selling the property, I have to evict him. It's not a foreclosure because it's a lease with an option to buy. So instead of being a six month foreclosure, it's a 30 to 45 day eviction. And it's just kind of helps protect that. And then the icing on the cake is if you do a rent with an option to buy, there's rent guarantee insurance that you can apply that I didn't even know existed.   Adam Zach (00:12:15) - The guarantors leap easy and then Single key, which is in Canada coming to the United States, you can literally apply coverage like the banks do with private mortgage insurance on renters. And so if they default, you keep their option money. You have this insurance policy which is basically like you're, Oh shit, something went wrong because they're potentially higher risk because they don't fit the bank. And so we've just been layering that on to now try to find this balance of what does it look like, What is it, what is an investor want from a return? How much skin do they want in the game from the tenant buyer? And it's like almost going into underwriting like 101. It's just like, okay, well, what does Sam want? Does he want cash flow? Does he want appreciation? Does he want a nice home? Does he want a nice location? Okay. Does one all those. Okay then based on that, what's the demand for people in Indianapolis that would want Sam to buy him a home? And then we just play matchmaker?   Sam Wilson (00:13:02) - Interesting.   Sam Wilson (00:13:03) - Okay, so let's just run the numbers here. You've got a house. This is hypothetical, but you got a house for 400 grand. They put you know, again, it's you and me doing this deal. Adam puts 80 grand down as the down payment. Is there an option? Fee in addition to that?   Adam Zach (00:13:20) - No. So I'm interchanging it. It's technically an option fee, but generally no. Like security deposit. Right? It's the option fee, which you can call it a down payment, but it's technically an option fee in an option agreement.   Sam Wilson (00:13:33) - Right. So, okay, that's your you're calling the 80 grand the option fee. Totally. Fine. Understood. And I'm sure there's some reasons legally for that which we won't get into the nuances of. I'm sure our listeners can just make their own conclusions from that. And then you say, all right, you know, congratulations, your $400,000 home is going to cost you whatever it is. I don't know. What would that be, $2,200 a month, maybe 2400 bucks a month in today's rates.   Sam Wilson (00:14:00) - Plus you'll be 500 bucks a month on top. So the investor collects the six grand a year. And then if you add them exercise in the next 18 months, you'll owe me an extra 30 grand on top of that. But the only way they're going to exercise is if they are able to then in 18 months go out and get a refinance.   Adam Zach (00:14:20) - You got it.   Sam Wilson (00:14:23) - What are the statistics around the people that are able to substantially turn around their lives in such a way that they actually get that refi done?   Adam Zach (00:14:29) - Terrible. Which is why. Three things. Number one, we created a podcast dedicated to those 1 in 10 people denied a bank loan because in general, people do this all the time. Hey, give me ten grand, move in. You can get financing in a year, right? Yeah, sure. I can take the money, rinse and repeat, and it's like the greatest ROI you'll ever get, right? Ten grand plus rent and do that every year. It's like just juicing the ROI.   Adam Zach (00:14:54) - So it's like number one, stop it. Okay, then number two, becoming a registered mortgage loan originator. I'm still not a great loan originator, but understanding. Okay, what does it actually take to become qualified with a bank? And then number three, setting them up for success so that they can do it. So whether it's a credit repair, whether it's reporting the rent credits, whether they're being a co-borrower on something, it's seeing them through. And so at the time of this, we have like we have an 80% buyback rate, which is staggeringly higher than like the national average of what don't know if there is like an authority, but I've heard like 5 or 10%. But it's usually because you're only putting 1 or 2% down because all buy a home right now in Florida with 1% down. If I can lock in a price because I'm playing the appreciation game, I would love to do that as what I call a tenant buyer. As an investor, I don't want to do that because I want the upside without the downside protection.   Adam Zach (00:15:44) - So like as a tenant buyer, it's actually great to buy an up and coming markets that could drop because you just have the option but not the obligation to buy. And so at the same time, that's why we're setting this up. Not so much is like, hey, test drive it, it's Hey, this is your house. And if something were to go wrong, we give them three years. They get an option to extend for a year. Plus we give them the option of like, Hey, if something really goes wrong, we'll just sell the home. And if there's whatever equity is generally left, you can take part of your deposit back. Just like if you bought a house now and sold it six months later, you're going to lose money just 6% to agent fees, whatever it is. And so we're trying to set it up as much for success across the board, right?   Sam Wilson (00:16:23) - I mean, and again, 80 grand is no small amount of money. And so for the person that has 80 grand in savings to plunk down on a $400,000 house, um, you know, you'd hope they could figure it out.   Sam Wilson (00:16:36) - But it sounds like you're doing you're taking a different approach to this business because, yes, there are the people in the in the capacity to wash, rinse, repeat and really juicy returns. But it doesn't really do anything for the people that live there. It doesn't do anything other than really just pad your pocketbook. I'm not going to say it's wrong, but I'm going to say that, you know, maybe there's better ways of doing stuff. It sounds like you're really making sure. And you said 80% of your buyers end up exercising. That's really, really strong, right?   Adam Zach (00:17:05) - Right now it's really strong. I, I see some ways that that might get generally lower, but as of the recording of this, it's 80%.   Sam Wilson (00:17:12) - That's awesome. And that's cool. I mean, and that's good. That's good for two people. It's good for the tenant buyer and it's also good for the investor. I mean, because then they collect their their upside and then the tenant buyer, of course, ends up with the with the house.   Sam Wilson (00:17:27) - But you're going through the steps that probably a lot of landlords, business owners aren't going to go through in order to make sure that people then exercise. I think I've only done. Oh, no, I've done three. Three deals like this. But I too, like you like I went to a lot of effort to see to it that they got these across the finish line. How do you handle that side of things? I mean, you said you're a family man with a business, not a business man with the family. 50 of these houses, you've got investors, you've got properties, you've got builders, you've got all of these. There's a lot of moving parts there. How do you manage all that?   Adam Zach (00:18:05) - So luckily, I have an awesome business partner and a team. And so we've found kind of our own skill sets where we have someone in call it tenant relations, and I'm more in sales and marketing playing with Google ads and Facebook ads and trying to make sure that our website explains things to the tenant buyer is putting out content, trying to help them.   Adam Zach (00:18:21) - And so once once you get through the closing, it's it's relatively more easy because they have a monthly payment and they're just trying to get mortgage ready like that, but like getting to the finish line, like just in general, buying a house is complicated. Okay. Add in the fact that our agents are showing someone that we're not even there and we're, you know, potentially assigning this to an investor and they're understanding like, okay, what does this actually mean? And if one person, whether it's the insurance, the title company, the buyer, the seller, the agent, us, the tenant buyer, like if someone falls through, it's like, okay, then the whole thing comes down just like in any other normal transaction. So it's like, okay, being the transaction coordinator and holding everyone's hands and making sure that we have the contracts to hold everyone to it, getting earnest money from either investors or the tenant buyers to make sure that they have skin in the game just to make sure things don't fall through the crack.   Adam Zach (00:19:11) - And then if worst case comes. To it. We just buy it all cash and just save the deal if something were to fall out. So we have a little bit of options because we don't want to have a bad reputation out there of like, Hey, we can't close on homes. But in general, you know, that's the piece. And then it's like, okay, normally what people need to work on is their credit or it's paying down debt. Rare is the time where they're just waiting for two years to get like their tax returns. But, you know, that does happen. And so it's okay. How do we increase the likelihood of them buying it back, which, you know, wasn't our primary focus. Our number one was like, okay, how do we use this to quit our day job? I'll be honest, Like it wasn't very altruistic to start off. I was like, How do I make more money? And it was like, Oh, it turns out Chris Krohn on YouTube is like, Oh, I'm preaching about least options.   Adam Zach (00:19:52) - And then when he patented Joe McCullen, it took these courses and I was trying to sandwich lease options, but it was really hard to find motivated sellers. But why don't I just find a motivated. You know, home shopper. And so I found that. So we're not buying it great, but we're selling it well. You know, if you can buy it at a discount plus sell it on a lease option, well then you got both. We just found a model where we're purchasing properties right now off the MLS and cash flowing them all day, every day.   Sam Wilson (00:20:18) - Wow, that's wild. I love it. I love it. Now, you've launched a fund here recently. What? Tell us about that.   Adam Zach (00:20:26) - So we kept trying to do these one off deals, right? Like, we'll find the person, we'll do all this. And we said, All right, let's just get two of us together. We'll put a bunch of money in there, We'll look at the bank and the bank's like, Oh yeah, cool.   Adam Zach (00:20:35) - You guys are good for like $5 million. Okay, let's just go buy. So any now we know that the next 30 homes we're just gonna buy like, no questions asked. The banks on board. We got the investors, we already got all the capital. So we just did a, you know, a pretty standard fund, put that together, got some limited partners in there. And then we're going to see how that works by 20 to 30 homes, see what the returns are, see what the splits are, and then just either do that every year or keep it as an ongoing, ongoing thing where we just keep buying more properties with the fund and keep distributing it. But right now it has a sunset of, hey, we're just going to buy 20 homes and then we're going to go do it again, Right?   Sam Wilson (00:21:08) - That's that's really, really cool. What are some bottlenecks or complications in your business right now that you presently have not solved.   Adam Zach (00:21:15) - Interest rates doubling over a year? And so in general, last year it was hotter than a pistol where everybody wanted to go through.   Adam Zach (00:21:24) - And it turns out the demand is still here. But just like everyone in 2023, when interest rates are at 7% every. So we have this list of I'm going to call it pre-approved home shoppers that are like 50 to 100 people that are just like, well, I'm not sure if I want to do it right. And there's but that's America in general, right? Low inventory. Nobody wants to give up their 3% rate like, but everyone's pre-approved. They could get a home and everyone's like, well, I don't want to overpay. It's still generally like a seller's market from what we're seeing in different places, even though the highs, you know, have come down. But like it's still like homes are still going like 1 to 3 days. So in general, it's like everything got more expensive. Well, when that happens, things generally slow down in general. But what we've seen is we've got this huge demand built up, but not as many contractual offers. So the top of the funnel from us is still rocking where we get 1000 to 2000 people every week to our website.   Adam Zach (00:22:13) - We get, you know, ten people applying with us and, you know, every week. So we got like 2 or 3 new home shoppers every week. And it's just a matter of, okay, do they want to move forward with this or not? And then we'll get people that came came to us from last year like, Hey, can I still get that? Uh, nope. That's not it's not it's not the same, you know, 4.5% interest rate.   Sam Wilson (00:22:32) - No, no, it's not. And that's. Yeah, man. Very interesting. Adam, I've really enjoyed having you on the show today. I love what you guys are doing. The strategy, I understand lease options and lease to own very, very well, but I've never seen it employed quite the way that you're doing it. So this is very, very fascinating love. I love what you're doing and I also love the way you are getting people into homes and helping them get across that finish line and actually make it to homeownership in the end.   Sam Wilson (00:23:02) - I think that's that's a really cool, unique strategy that you're employing there. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?   Adam Zach (00:23:11) - If they want to learn more about me, you could just follow me on Facebook. If you just search Adam Zach Or if they want to learn more about this strategy, it's home equity partner slash investors home.   Sam Wilson (00:23:21) - Equity partner.com/investors and Adam, I butchered your last name there in the beginning.   Adam Zach (00:23:26) - It's just very German. It's like Baquba with a Z.   Sam Wilson (00:23:30) - With a Z. Yeah. And I'd definitely made it. Adam. Zach. So, Adam. Zach Got it. Adam Forgive me for that. I've enjoyed having you on the show today. Thank you so much for coming on and have a great rest of your day.   Adam Zach (00:23:41) - This is a pleasure. Thank you very much. Thanks for the great questions.   Sam Wilson (00:23:44) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen.   Sam Wilson (00:23:57) - If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

An experiment to demonstrate delayed gratification

In This Episode, We Get Tactical About: The Marshmallow Test The Danger of the All or Nothing Attitude The Aggregation of Incremental Gains Maximizing Our Time With Self-Control Are You Making Deposits or Withdrawals From Your Future Self?   Resources + Links: Connect with Kristofor on Instagram | @team_healey   Connect with Kristofor on Substack | https://kristoforhealey.substack.com   How can Kristofor help you become an indispensable man? https://linktr.ee/krhealey   Download a free chapter of Indispensable: A Tactical Plan for the Modern Man   Get your copy of the book, here!   Shoot us a message on Instagram with your biggest takeaway @team_healey   Show Notes:   Have you ever seen videos of kids taking The Marshmallow Test?   The famous psychological test measures the child's ability to delay gratification and resist the immediate desire for a treat in favor of a greater reward in the future. The focus is on self-control, impulse regulation, and the ability to consider long-term consequences.   What does this have to do with you? We talk about it on the podcast today!   Until Wednesday…out of role. 

Author Jim Afremow in “The Champions Mind – How Great Athletes Think, Train and Thrive" says that self-control is the secret of champions. I say self-control is the secret to any health and wellness success. If you can develop the ability to hold on for the larger reward, you will be successful. If you can bypass tempting treats, such as certain foods or skipping a workout or cutting it short, then you will pass your own marshmallow test. If you resist the short cuts in your fitness and nutrition, you will have more success in the long run.Grab the FREE GUIDE below and have a GREAT WEEK!Come talk to me here:Find me on my Website:https://www.lesleylmcshane.comFREE Guide: 4 Steps To Prioritize Your Health & Wellness This Week (And Actually Do It!) Schedule a Coaching Call to prioritizing your health & wellnessConnect with me on Instagram:Get the Redesigning Midlife UpdatesFind your community at the private Redesigning Midlife Facebook Group Get your BOSS BARS - Use LESLEY10 for 10% off your first order

PAVING THE WAY HOME: Instagram: https://www.instagram.com/pavingthewayhome_ Apple Podcasts: https://podcasts.apple.com Spotify: https://open.spotify.com Google Podcasts: https://podcasts.google.com   HOLY FAMILY MISSION: Learn more about Fr. Patrick's work with Holy Family Mission and how to support them at https://www.holyfamilymission.ie/

Games That Do The Trick Card Games have been around for centuries and trick-taking games have been around for just as long and yet game designers continue to discover, invent and remix the genre in new and exciting ways.  In this episode Chris and Matt talk about some trick-taking games they grew up with and then dive into some of the newer games that are keeping the mechanism fresh. Jump to a specific section: 00:00 Games That Do The Trick 07:47 Stick Em 13:49 The Crew: The Quest for Planet Nine 22:16 Marshmallow Test 29:05 Cat in the Box   Please remember to like and subscribe to the Escape Into Board Games podcast   Listen to the show:  http://escapeintoboardgames.com/ Join our Facebook community:  https://www.facebook.com/groups/escapeintoboardgames Instagram:  https://www.instagram.com/escapeintoboardgames/ YouTube:  https://www.youtube.com/channel/UCUEDSFl8opkv7_Pd0ECoeqQ TikTok:  https://www.tiktok.com/@escapeintoboardgames Send us an email:  escapeintoboardgames@gmail.com   Support the show at: Shirts and more: https://www.geekygoodies.com/escapeintoboardgames https://www.buymeacoffee.com/escapeintobgs     #EscapeIntoBoardGames #GamesThatDoTheTrick #TrickTakingGames #BoardGames #BoardGameReviews #BoardGamePodcast

InconsistentDisk is back, with the longest feedback and “currently on our minds” list we've ever had. Does social media make us feel bad? Is the cat in the box alive? Are men MORE oppressed in video games than women? It's ineligible (you're ineligible).(00:00) Intro(02:34) Dating myths, social media research, expectations VS reality on instagram(12:16) The marshmallow test - A study on instant gratification(16:01) More feedback from four weeks ago episode: who's paying on dates?(24:24) More feedback: Dialects, “If no, why not yes?” and we can help you TM(28:53) Maslow's hierarchy of needs pyramid(39:47) Podcasts, unlimited amounts of universes, schrodinger's cat(45:56) Reacting to Sunpi's video “Reality of Male Oppression: Gaming”(53:35) Epigenetics and the glass of wine for lunch statement, UK coronation Hosted on Acast. See acast.com/privacy for more information.

Does smiling make you happier? Can you truly predict the long-term success of an adult based on their love, or lack thereof, of marshmallows in their youth? Is depression always linked to a chemical imbalance in the brain? Tony takes a look at 8 popular psychology studies and concepts and shares the latest research on whether or not the findings of the past still hold true. Tony references the article: "Pop psychology: Eight myths that are probably wrong, or at least wildly overly simplistic" by Christian Jarrett https://www.sciencefocus.com/the-human-body/pop-psychology-eight-myths-that-are-probably-wrong-or-at-least-wildly-overly-simplistic/ Find all the latest links to podcasts, courses, Tony's newsletter, and more at https://linktr.ee/virtualcouch Inside ACT for Anxiety Disorder Course is Open! Visit https://praxiscet.com/virtualcouch Inside ACT for Anxiety Disorders, Dr. Michael Twohig will teach you the industry-standard treatment used by anxiety-treatment experts worldwide. Through 6 modules of clear instruction and clinical demonstrations, you will learn how to create opportunities for clients to practice psychological flexibility in the presence of anxiety. After completing the course material, you'll have a new, highly effective anxiety treatment tool that can be used with every anxiety-related disorder, from OCD to panic disorder to generalized anxiety disorder. And follow Tony on the Virtual Couch YouTube channel for a sneak preview of his upcoming podcast "Murder on the Couch," where True Crime meets therapy, co-hosted with his daughter Sydney. You can watch a pre-release clip here https://youtu.be/-RkRq8SrQy0 Subscribe to Tony's latest podcast, "Waking Up to Narcissism Q&A - Premium Podcast," on the Apple Podcast App. https://podcasts.apple.com/us/podcast/waking-up-to-narcissism-q-a/id1667287384 Go to http://tonyoverbay.com/workshop to sign up for Tony's "Magnetize Your Marriage" virtual workshop. The cost is only $19, and you'll learn the top 3 things you can do NOW to create a Magnetic Marriage. You can learn more about Tony's pornography recovery program, The Path Back, by visiting http://pathbackrecovery.com And visit http://tonyoverbay.com and sign up to receive updates on upcoming programs and podcasts. Tony mentioned a product that he used to take out all of the "uh's" and "um's" that, in his words, "must be created by wizards and magic!" because it's that good! To learn more about Descript, click here https://descript.com?lmref=bSWcEQ

In this episode I talk about ignoring your business today as a technique for getting more business later.  

Is there something you have been thinking about doing or talking about getting started for a while now, but you haven't yet? Maybe starting a home repair, starting that book you've been wanting to write, or maybe starting a new business? If you're like me there are many, both big and small, that come to mind, such as changing out a bunch of lightbulbs at our house. Much of this comes down to discipline. And, discipline is a subject that is not often discussed in American culture, but it seems to be the difference between people achieving or not achieving their goals.Our guest today is Dr. Abby Medcalf, who talks about the five ways to have more discipline. Abby Medcalf is a Relationship Maven, psychologist, author, podcast host, and Tedx speaker who has helped thousands of people create happy, connected relationships. With over 30 years of experience and recently featured in the New York Times, Abby is a recognized authority and sought-after speaker at organizations such as Google, Apple, AT&T, Kaiser, PG&E, American Airlines and Chevron. She's the author of the #1 Amazon best-selling book, “Be Happily Married, Even if Your Partner Won't Do a Thing,”LINKS FROM THE EPISODE:You can visit our guest's website at: Home - Abby MedcalfIf you are ready to franchise your business or take it to the next level: CLICK HERE.CONNECT WITH OUR GUEST:Facebook: https://www.facebook.com/abbymedcalf LinkedIn: https://www.linkedin.com/in/abby-medcalf-phd-718969b8/ Instagram: https://www.instagram.com/abbymedcalfthriving/ TikTok: https://www.tiktok.com/@abbymedcalfphd Twitter: https://twitter.com/AbbyThriving RESEARCH LINKS FROM THE EPISODE:Kelly McGonigal, The Willpower Instinct: How Self-Control Works, Why It Matters, and What You Can Do to Get More of It (2013).Walter Mischel, The Marshmallow Test (2014).Terrie E. Moffitt et al., “A gradient of childhood self-control predicts health, wealth, and public safety,” PNAS 108, no. 7 (2011): 2693-2698.Daniel F. Kripke et al., “Mortality Related to Actigraphic Long and Short Sleep,” Sleep Med 12, no. 1 (2011): 28-33.Brandon J. Schmeichel and Kathleen Vohs, “Self-affirmation and self-control: affirming core values counteracts ego depletion,” Journal of Personality and Social Psychology 96, no. 4 (2009): 770-782.Veronika Job, Carol S. Dweck, and Gregory M. Walton, “Ego depletion – Is it all in your head? Implicit theories about willpower affect self-regulation,” Psychological Science 21, no. 11 (2010): 1686-93).MS Hagger et al., “Ego depletion and the strength model of self-control: a meta-analysis,” Psychol Bull. 136, no. 4 (2010):495-525.R. Baumeister and J. Tierney, Willpower: Rediscovering the Greatest Human Strength (New York: Penguin Press, 2011).M. Friese, C. Messner, and Y. Schaff

Delayed gratification, also referred to as deferred gratification, is often difficult because we're wired not just to seek pleasure but also to avoid pain. Two separate sections of your brain handle pleasure and pain, so this is where it can get challenging. Delayed gratification is challenging. But there are several benefits to not succumbing to an immediate reward. Better health, improved self-worth and overall long-term success with goal setting are just a few. Listen in as I share 4 ways to delay gratification. Get the book "The Marshmallow Test: Why Self-Control Is the Engine of Success" by renowned psychologist Walter Mischel YouTube video of The Marshmallow Test (1970) by Walter Mischel, a professor of psychology at Stanford University, and his graduate student, Ebbe Ebbesen If you enjoyed this episode, make sure and give us a five star rating  and leave us a review on iTunes, Podcast Addict, Podchaser and Castbox. Sign up for the next Follow-Through Challenge Follow me on Social Media:Amy on IGAmy on Facebook Resources:AmyLedin.comLean Bodies Consulting (LBC)LBC University   

Many people think schools are no place for teaching character. Psychologist Angela Duckworth of the University of Pennsylvania and founder of Character Lab, disagrees. She talks with EconTalk's Russ Roberts about the implicit curriculum for character, the critical role early education plays in shaping our adult values, and why the Marshmallow Test doesn't determine our destiny.