To me, time preference is about the timing of unpleasantness/sacrifice. A high time preference decision is one that defers unpleasantness to a later date, with a pleasant outcome right now. A low time preference decision accepts unpleasantness in the immediate/short term, with the outlook of pleasantness later on. We all make both types of decisions (both large and small), but some people are more prone to one type.
Yes, but I execute immediately because I find inertia incredibly unpleasant. That's why I think I'm a 50/50 mix, at best, rather than someone low time-preference, who focuses on some distant goal and plods toward it, diligently.
strategically low time preference, tactically high time preference