Behavioral Economists - Marshmallow Test & Financial Outcomes

Forget your salary—this space billionaire says a simple kids marshmallow experiment can reveal whether you’re destined to stay middle class for life. 🍬 🍭 The classic psychology experiment sees four-year-olds given one marshmallow and a choice: eat it now, or wait until the researcher returns and get two. Most kids can’t resist. And according to Dylan Taylor, philanthropist and CEO of Voyager Technologies, that same impulse is exactly what keeps most people stuck financially in adulthood. “It’s this deferred gratification,” Taylor, who made his first million before hitting 30, explained to me. “It’s like, do you have the mental discipline to defer your gratification?” In his view, grown adults face the same choice every time they sign a car lease or tap a credit card for something they can’t yet afford. 💸 🚗 🛍️ ‼️ And he's not the first leader to say he can tell who will stay stuck in the middle class by the car in their driveway. Read more in my latest for Fortune below! https://lnkd.in/emZxkW4F #success #personalfinance #successmindset #money #billionaire LinkedIn News UK And if you’re new here 👋🏻 I run Fortune’s Success desk and interview CEOs, founders and public figures every week about their secrets to success — think Colin Kaepernick, Will.i.am, execs at Grindr, L’Oréal, Chanel and Verizon. If you know a CEO, founder or public figure with a story worth telling, I want to hear it. ✉️ [email redacted]