Long term perspective is the ability to think several years ahead in the future while making choices and decisions in the present. One of the most important determinants of success is the ability to think long-term and act accordingly in the present.

People who consistently focus on what / where they want to be in the future make better decisions in the present. Since they are in love with their future-self, their upgraded versions, they feel more responsible towards themselves. And, that makes them invest more time and effort in improving their skills, mindset, health, relations, and financial conditions. It involves delaying gratification in the short term to enjoy greater rewards in the long term.