Timed event

I have tried and tried, but I can’t see the logic in how I can do this timed event, so I need some help…

Jeg have an object. When the player collide, their is an event creating a text. But then I want 5 seconds to pass before a new text is shown -basically creating a dialog between player and the object.
How can I control this time interval?

Udklip3.JPG