What's a high time preference?
How do you like to explain these concepts?
High time preference: Let's eat that fruit!
Low time preference: Let's plant a tree.
Delayed gratification
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High time preference is drawing on a six pack.
Low time preference is being in a calorie deficit and training abs.
I explain it in terms of compound interest. Just like well invested money grows over time, so do the benefits of a consistent fitness routine.
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Delayed gratification and patience.
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Raising children Stacking sats Building a brand Decluttering my life
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