Chapter titles:
00:00-00:59 Intro
00:59-02:17 Money & Your Mindset
02:17-03:26 Instant vs. Delayed Gratification
03:26-04:56 Marshmallow Experiment 
04:56-07:37 What is Time Preference?
07:37-09:57 The Importance of Lower Time Preference  
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Kevin describes the difference between instant & delayed gratification. As well as the importance of having long term thinking and not becoming a consumer within society. Focusing on the more rewarding long term gain is important compared to the immediate gain you can get today. 
He goes over the popular marshmallow experiment conducted by Walter Mischel which detailed how students reacted to instant and delayed gratification. 
Kevin also explained the concept behind time preference and how it plays a vital role with our decision making everyday.
Each financial choice we make everyday either lower's or increases our time preference. When an individual is able to lower their time preference, they have a better quality of life because they are not worrying about  money. 
They have accumulated capital over a long period of time and they now can focus on other areas in their life that gives them a higher purpose. 
When individuals higher their time preference, they don't have the luxury of doing other things that give them meaning. Nor can they be more productive. 
They continue to stay on the hamster wheel. This video is all about your mindset and understanding that your decisions everyday ultimately impact your finances in a positive or a negative way.   
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