Whether adult or young child – we have all been there: I can have my reward right now and be very happy. Or, if I wait … my reward will be even greater and I will be extremely happy. “I’ll have it now, please!”
This installment of Family Matters explores the cognitive bias toward immediate gratification and its impact in shaping the financial future for ourselves and for those we care about.
We created the Family Matters insight series to spark ideas and spur conversation among family members on a wide range of important financial topics. They’re purposely written as a primer for more in-depth discussions with your Calamos Wealth Management advisor on how the matters presented will apply to you and your family’s unique situation. We hope you find that the multi-generational lens by which topics are revealed promote pass-along readership to multiple family members. Your Calamos Wealth Management advisor is available to all members of your family to provide guidance on matters you care about most.