The Power of Deferred Gratification

This chapter explores the concept of deferred gratification as a key principle in both spirituality and business, highlighting examples from successful companies like Amazon and Costco. Through biblical references and personal anecdotes, the discussion emphasizes the importance of long-term perspective, acceptance of challenges, and the role of consciousness in shaping happiness. The speakers reflect on their journey towards resilience and fulfillment, illustrating how kindness and a shift in mindset can lead to personal growth and a more abundant life.

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In this episode, William Green speaks with Michael Berg, a great scholar & author who draws on the ancient wisdom of Kabbalah to explore how we can build lives that are truly richer, wiser, & happier. Here, Michael discusses how to extract more pleasure from whatever wealth you have; why sharing your money & time builds a greater sense of abundance; how to support your kids without sapping their desire to succeed; why deferred gratification is a superpower in business & life; how to handle challenges & adversity; & why the real key to happiness is appreciation.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

17:01 - Why Michael Berg sees no conflict between a spiritual life & material success.

20:17 - How our own actions open or close the “channels of abundance.”

22:38 - Why Sir John Templeton called tithing “the single best investment.”

32:44 - Why Charlie Munger reveres Maimonides, a 12th-century sage & doctor.

39:39 - How to extract more pleasure from whatever wealth we have.

48:37 - Why it’s helpful to recognize that we don’t truly own anything.

55:29 - How appreciation helps Howard Marks to stay humble & be happy.

59:00 - Why many rich people are surprisingly unhappy.

1:15:51 - How to build joyful abundance by sharing your time & money.

1:23:15 - How to help your kids without disempowering them.

1:26:14 - Why delayed gratification is essential in business, investing, & life.

1:35:45 - How Michael handles challenges & reframes adversity.

1:41:38 - Why his father, Rav Berg, taught that “consciousness is everything.”

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
The Zohar translated by Michael Berg in 23 volumes
Secrets of the Zohar & Becoming Like God by Michael Berg
And You Shall Choose Life by Rav Yehuda Ashlag
The Thought of Creation by Rav Yehuda Ashlag
Nano: Technology of Mind Over Matter by Rav Berg
The Kabbalah Centre website
Spiritually Hungry podcast with Michael & Monica Berg
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book
William Green’s Twitter

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