Pay Now Play Later OR Play Now Pay Later

“You can pay now and play later OR you can play now and pay later.   Either way you have to pay.”

John Maxwell shared this thought while at the Stewardship Challenge conference in Baltimore, MD on November 9th.

I have thought a lot about his statement ever since.   It sums up the facts so well!

I have met tons of people who have chosen to “pay now” who share these characteristics:

  • Live on less than they earn
  • Choose to invest for retirement and long-term dreams every month
  • Save up for known upcoming non-monthly expenses (like Christmas, property taxes, vacation and annual insurance premiums)

Because they are “paying” now, they are going to be able to “play” later!

There are others who have chosen to “play” first, and it was fun while it lasted!   Now the time has come to “pay”, and it is not so fun.

The choice is ours to make.   Will we pay now and play later OR will we play now and pay later?

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1 Comment

  1. Jose Paclibare | Christian business on November 30, 2009 at 9:56 pm

    Thanks Joseph for sharing that John Maxwell quote: “You can pay now and play later OR you can play now and pay later. Either way you have to pay.”

    As I continue on my entrepreneurial journey of the past three years, while seeing so many people around me “playing” now, I always look forward for the reward of my labor later.

    If we want success in life, “delayed gratification” is a must.

    The marshmallow experiment is a well known test of this concept of delayed gratification. It was conducted by Walter Mischel at Stanford University in the 1960s. A group of four-year old kids was given a marshmallow and promised another, only if they could wait 20 minutes before eating the first one. Some children could wait and others could not. The researchers then followed the progress of each child into adolescence and demonstrated that those with the ability to wait were better adjusted and more dependable (determined via surveys of their parents and teachers), and scored an average of 210 points higher on the Scholastic Aptitude Test.

    Jose O. Paclibare

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