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Don't Eat the Marshmallow Yet! The Secret to Sweet Success in Work and Life Hardcover – September 6, 2005

4.3 out of 5 stars 51 customer reviews

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Editorial Reviews

Review

Posada is like Tony Robbins, Zig Ziglar, and Norman Vincent Peale all rolled into one --Ray Pelletier.

Don t Eat the Marshmallow...Yet! is more than just fluff. It s a recipe for long-term-success --Harvey Mackay, author of the #1 New York Times Bestseller Swim With the Sharks without being Eaten Alive.

Successful people know that to get what you really want, you often have to pass on what is offered during the first round . Joachim de Posada s engaging style teaches all of us how to say I pass so that we can say I won --Pegine Echevarria, consultant, author, success coach, and creator of Team Pegine

Don t Eat the Marshmallow...Yet! is more than just fluff. It s a recipe for long-term-success --Harvey Mackay, author of the #1 New York Times Bestseller Swim With the Sharks without being Eaten Alive.

Successful people know that to get what you really want, you often have to pass on what is offered during the first round . Joachim de Posada s engaging style teaches all of us how to say I pass so that we can say I won --Pegine Echevarria, consultant, author, success coach, and creator of Team Pegine --This text refers to the Audio CD edition.

About the Author

Joachim de Posada, Ph.D., is a bilingual public speaker, radio personality, author, and columnist who has provided motivational coaching for the Milwaukee Bucks, the Los Angeles Lakers, and the Panamanian Olympic team. His clients include Verizon, Pfizer, Kodak, Xerox, 3M, and Continental Airlines, among many others. He is the author of How to Survive Among the Piranhas.

Ellen Singer is the award-winning author of the acclaimed memoir Quicksand: One Woman's Escape from the Husband Who Stalked Her.

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Product Details

  • Hardcover: 112 pages
  • Publisher: Berkley (September 6, 2005)
  • Language: English
  • ISBN-10: 0425205452
  • ISBN-13: 978-0425205457
  • Product Dimensions: 5.8 x 0.5 x 8.5 inches
  • Shipping Weight: 8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (51 customer reviews)
  • Amazon Best Sellers Rank: #330,123 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover
I'd like to preface my review of this book by stating unequivocally that I am not, nor will I ever be a person who seeks intellectual or spiritual solace in the pages of a book. In fact, I've always scoffed cynically at the poor lost sheep who spend hundreds of dollars in the hopes that one of those "Tony Robbins types" will lead them to the promised land. It was with this skepticism that I began to read the pages of a book that will affect every aspect of my life for as long as I live.

My girlfriend recommended "Marshmallow" to me some time ago. Because she is a woman whom I love and admire, I felt compelled to read this book that she credits so much for her strength and success. Eventually, as most men in love do, I did as I was told; I read the book.

Then I read it again. And then again. Dr. De Posada somehow wrote my biography without ever having have met me. He knew exactly which poor decisions I was making in my life, and eerily, he knew the thought process behind those decisions. In a simple, concise, easy to read jewel, Dr. De Posada can teach anyone how to save money, rear children, or even lose weight just by applying one principle to all of their decisions, "don't eat the marshmallow...yet!" If you can delay the immediate gratification, the "quick fix," you will be a happier and more successful person in life. Why eat 10 Bic Macs a month when you can have one filet mignon for the same amount of money and a lot less fat? Why buy the Rolex today when, if properly invested, you could use the money to retire tomorrow and own 10 Rolexes if you wished.

As a young attorney I found my self spending my new-found riches on things that simply will not last. All I had left of the money I would spend were faint memories and hang-overs.
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Format: Hardcover
I bought this book for my wife, having heard about the fascinating 'marshmallow' experiment. Unfortunately, this book's relationship with that experiment ends with the title. This book is nothing more than anecdotal sugary fluff, which I suppose is appropriate, given the alleged subject. The writer fails to give any true scientific data on these experiments and instead relates many irrelevant stories, carried along with weak, generic characters (one of which, the uber-successful millionaire, seems to be egotistically based on the writer). The writer's attempt to put something more concrete at the end of the book, amounts to some highly questionable math that only seems relevant to the truly financially inept.

The only reason my wife and I were able to finish this book was due to it's minuscule length. If you enjoy hollow self-help books, then buy this book. I'm sure this book will make some people feel good about their goals, but don't be fooled with the title, it has no relation to the amazing 'marshmallow' experiment. If you want anything with substances, look into the actual research and avoid this book.
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Format: Hardcover
The premise of this book is that by delaying immediate gratification and going for longer-term rewards in all areas of your life, you will dramatically improve what you are reaping, be happier, attain more financial success, better relationships, etc. The idea comes from a study of 4-year olds at Stanford involving marshmallows.

While the premise is obviously true, and I knew this before reading the book, there is almost no practical information on how to delay eating marshmallows. The book contains some interesting true stories regarding delayed marshmallow eating regarding Larry Bird and other famous people, but I found no long-lasting change in what I am doing nor any insight into why I go for instant gratification in some situations and do not in others. If you are not financially savvy at all and spend too much, then this book may be very useful to you. I already save large amounts of money and have automatic savings plans, etc, so this might have reduced its utility.

This book is also a lot longer than it needed to be with a contrived and not well written fictional story of the enlightened marshmallow resister who is teaching life lessons to his limousine driver, the marshmallow eater. During this extended story there are a few real-life accounts thrown in which I have mentioned.

The question about what one is willing to do today to have success tomorrow I found useful and there are a few interesting ideas scattered throughout this book.

If you have not seen Dr. Posada's lecture on [...] regarding the same principle, I highly recommend it. Perhaps because I had already seen the video I found the book to be too repetitive.

I would recommend this book but there are many other better ones out there and not much practical information unless you are a complete overspender and marshmallow eater in many areas of your life.
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Format: Hardcover
originally published on www.lifeasaninvestment.com

In 1970, Stanford University Walter Mischel and Ebbe B. Ebbesen conducted an experiment that they called the “Marshmallow Test”. They gathered about 600 kids (avg. age 4.5) and basically tempted them with a marshmallow, or some form of candy or cake.
It went something like this: a child is left alone in a room having no distractions whatsoever. A marshmallow is then placed in front of him/her and the child is given two options: to eat the marshmallow straightaway or wait fifteen minutes and receive a second marshmallow as an award. So, what does it have to do with financial independence you would ask…
Many of you who follow Life as an Investment either dream to achieve financial independence, or are already on their way. According to Robert Kyosaki (read about his books here), “You are wealthy as long as you can live the lifestyle you’re used to—without having to work.” Basically, Kiyosaki is trying to tell us that the ideal scenario to achieve “wealthy” status is when our money makes money—without having to work for it.
The first step in being wealthy is to SAVE. This means you need to prioritize spending—and save every month of every year until a certain amount of money is achieved. Then it’s time to invest!
Saving is the toughest part, especially for the younger generation who are constantly tempted by “materialism.” To save means to wait, to postpone instant satisfaction, and to delay gratification. We need to limit ourselves and stop doing the things we like so much (shopping, clubbing, partying etc.) and wait for that perfect opportunity to invest.
We live in a culture that is dominated by “consumerism.
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