You can live a fulfilling life of success and achievement, or you can live in mediocrity. How do you tell which one you’ll have? Here’s one way: The longer your timeframe when planning (like making long term goals) and making decisions, the higher your chances of becoming successful.
Many of us think that things like educational attainment, being born into a rich family, intelligence, etc. are the only factors that lead to success, yet Dr. Edward Banfield found otherwise. After studying a lot of financially successful people, he discovered that the most important factor is a particular way of thinking: Those who are successful tend to have a longer “time perspective.” (You can read more about it here on this BrianTracy.com Article)
What does that mean? It’s simple: high-achievers think long-term. Successful people think further into the future when making plans and daily choices, and by contrast, unsuccessful people tend to only think about short-term enjoyment and forget about the long term negative consequences.