This is a difficult question for me to answer at this time. With the recent events that have taken place worldwide this year, we have already made the effort to cut out everything that would fall into this category. I cook at home, workout at home, have stopped buying material items all together, even traded down to a cheaper, and more sensible vehicle. Not out of necessity, but simply because it was time to make a change. Six months ago there would have been several things I could have referenced, but now Iād have to say for the time being things have become very simplified.
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- i think signing up for this academy was that change. i used to come home from work and do nothing with myself. now i have a long term goal to work towards.
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I can ask for less uber eats during the week and limited to once per week.
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Become more disciplined and reduce my time spent in social media.
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I could reduce my time preference to low gratification when it comes to returning to fitness, with my ankle sprain I have been out of action for 3 months. I have tried often to push myself too far too quickly which has delayed the recovery process.
Rather than coming back to football (Soccer) too sooner I could focus on stretches and building up the ankle strength and aim to return WITHOUT issues in the future rather than having repeated problems
Having listened to the podcast Iād just like to update my answer to this question
I could reduce my time preference by spending less time on day to day pleasures such as taking regular breaks or by sleeping in bed for 30 minutes extra a day. I could also choose to focus more on my self improvement and my investments rather than prioritising social experiences or a night out.
I should be trading 15 minutes of morning sleep for a morning workout, running, lifting weights, yoga, whateverā¦ It should give me more energy in return.
Thank you in forcing me to write it down, hope itās the incentive I need 
Take more time to live on now and enjoy it and not on the future
i need to prioritize things that matter such as this academy and school work over youtube/gaming
I should develop a meditation habit in the morning. The benefits will likely compound over time and reward me across many aspects of life 
I play poker online and participate in $ 3, $ 5, or $ 10 games. When I have little $ in my account, of course I tend to play $ 3 games.
Sometimes I am āIn The Moneyā quite often for a while, which of course drives my account up.
But at this point I tend to play $ 5 or $ 10 games and when I have a bad pass my account goes down much faster than it went up.
I should therefore stay in the $ 3 or $ 5 games and, when my account is well supplied, allow myself a slightly more expensive game from time to time.
I used to smoke so the instant gratification you got from having a smoke when you felt the urge to, became waiting longer for that cig until I stopped completely, saving a lot of money that now goes into cryptocurrencies.
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Save money on deliveries and put more time into preparation of my own food.
Iād say waking up 30mins earlier each morning, to get an extra bit of learning in. In the long term, I consider this as way more beneficial than the extra bit of sleep youād get.
Move a part of my salary every month to savings account at the beginning of each month, to keep myself in check from random spending using my regular account.
Iām learning to make longer time frame investments stepping back and following established methodologies like the Wyckoff method and Dollar cost average.
A habit change I can do to reduce my time preference from high to low is to invest more in my skills and worry less about money. I tend to think how can I make money with my current skills? But if I just focused on improving my skills and worry about increasing my income, most likely my income will increase naturally over time because my skills will be growing.
Taking time to work out 30min in the morning. It wouldnāt feel good at first, but over time I would get in better shape, I would be healthier and happier.
Propose a change you could make to one of your habits, that would reduce your time preference from high (instant gratification) to low (delayed gratification) time preference. It could relate to any aspect of your life (financial, diet, exercise, relationships or education).
Ans: Make it a habit of keeping my email inbox clean. I am subscribed to a TON of stuff and I have to pay Google email an extra $2 every month for extra storage. I can sacrifice comfort now(delayed gratification) and work on diligently unsubscribing things I donāt need, deleting emails I donāt need, etc. and save $2 every month and I am sure it will add up and store some value for me.
I am currently trying to fit a wider range of activities into my days, both from the point of view of work and self-improvement.
This requires me to consciously spend less time on tasks that I otherwise easily get thoroughly immersed in (such as music practice, composing, and software design), and to make more time for other important things like exercise, healthy cooking, and most importantly, studying at Ivan on Tech Academy!
I will get more done over a given time if I discipline myself to progress a little and often with everything, instead of getting obsessed with one or two particular things for long stretches of days - itās a tough egg to crack, but Iām committed to working on it!
Making time for exercise and a healthy diet will improve the longevity of my health in the years to come, and persevering with learning new skills here at the Academy will increase the likelihood of my employment in this exciting and rapidly evolving industry!
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