How can delayed gratification work for investors? Harshvardhan Roongta explains

economictimes.indiatimes.com:

Harshvardhan Roongta, CFP, Roongta Services, says “there has to be a very, very appropriate balance between instant gratification and delayed gratification. Now, take the example of children. Since we are talking about children, if at all times, you are going to tell the child that you do not buy today, buy later and you are only depriving the child completely and you are saying that, no, you have to learn only delayed gratification concepts, et cetera, it is going to backfire very, very strongly.”
The art of delayed gratification, from an investment point of view, definitely is going to be useful to you. Maybe, in every aspect of your life, you should be applying it. But then let us just break this down for different aspects of your life or different sectors of your life. What do you exactly mean by delayed gratification? How can you simplify it for your kids?
Right now, we are living in an era filled with instant gratification, peer group pressure and third-party validation. So, we will post something on social media and we will wait to see how many people have liked it. We are waiting for somebody else to like what we have put up and then we feel good about it. There is a lot of peer pressure.

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Your friends are doing something and there is the pressure to probably replicate or buy something. Of course, if you have mobile apps on your phone, which you most certainly have or just shopping apps, etc and you have push notification. So every now and then, there will be something