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Patience Pays: The Power of Delayed Gratification

Spiros Vassilakos · CEO & Private Wealth Advisor

Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit, when you should really consider the delayed rewards.

We try to instill this lesson in our children as early as we can, but it’s still difficult for adults to see the big picture. Being able to maintain that long-term approach to finances and retirement, you’ll have a much greater chance of success down the road.

Here’s what we discuss in this episode:

0:00
Intro
2:00
401k match
3:28
Tax-deferred accounts
5:17
Emergency fund
6:18
Cash out retirement plan early
8:47
Delaying home maintenance
10:23
Social Security
12:53
Health
14:36
Wrong advisor

If you have any questions about what we discussed today, please reach out and we’d be happy to set up a time to talk.

This piece is adapted from The Audible Advisor, hosted by Spiros Vassilakos. It is educational in nature and is not individualized investment, tax, or legal advice.

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