I would have MUCH rather received an honorary diploma than one I had to work for. A college degree these days is more of a "I can spend 4 years following rules" certificate than a record of having learned something.
The problem with instant gratification isn't the instant part, it's the fact that it usually requires some sort of trade-off that isn't worth it. Sometimes it doesn't, though.
If I offered you $1,000 out of the kindness of my heart you'd take it, right? That's some awesome instant gratification.
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