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A mind trick helped Mike buy this $300k car. Next? A $15m mansion

A mind trick helped Mike buy this $300k car. Next? A $15m mansion

Millionaires reveal the money psychology hacks they swear by, detailing how delayed gratification can make you richer – and more in control of your goals.

Nina Hendy

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For years, Mike Larcher sat a small replica Audi R8 v10 on his bedside table so he saw it every morning. The little car was a powerful motivational tool that Larcher, 45, says taught him self-control and the power of delayed gratification.

Larcher is the chief executive of Outsourced, which provides offshore staff to international companies. He could have borrowed the money for the car, but he was determined to save so he could buy the real thing in cash.

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Original URL: https://www.afr.com/wealth/personal-finance/millionaires-reveal-the-money-psychology-tricks-they-swear-by-20240519-p5jev1