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Title: 5 Things The Marshmallow Test Can Teach You About Money

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Subject: Psychology
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Date: October 19, 2005
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Length: 2 / 469
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If you shop, wait until you have cash in hand to buy-- don't get burned by finance charges and credit card debt! Stick your marshmallow into the fire, keep your eye on it and remove when perfectly browned-- before it bursts into flames. Some successful children watched their marshmallow to prevent others from snatching it, waited patiently until the researcher returned with the expected second marshmallow, then enjoyed their reward-- without begging greedily for more...

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Invest in the market, monitor your investment and sell your shares when they reach your target price-- before the bubble pops. Give your children mini-marshmallows and teach them how to make rice crispy bars. Some kids handled the wait by turning their back to the marshmallow, singing songs or talking to themselves...

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