“Wealth” to an investor is what “Harvesting” is to a farmer

Ask any farmer what the secret to growing a good crop is and he’ll say years of education, experimentation, and a whole lot of patience!  Is there heartache involved?  You betcha, there’s bound to be a few failures.  But are they in vain, or did the failures increase his opportunity for a stronger success the next time?  I’ll let you figure that one out!

Let’s lay the groundwork here so you can see what I’m talking about.  Everyone says they don’t earn enough money to put any aside; it’s all going to bills, the kids’ sports, the car, or the house…. Wah, wah, wah. 

Nippon Life Insurance Company is a subsidiary of the NLI Research Institution based in Tokyo, Japan in 1988 and one of the facts they’ve come across in their research is astounding!  The average Japanese saves nearly 28% of their income after taxes!  The typical American saves a bit over 2%.  How do they do it?  Look at where they live, how they dress, what they eat, and what they do for entertainment.  What does this tell you?  According to Money magazine 75% of families will experience a major financial crisis in any ten-year period.  Do you wonder what the statistics in Japan are about that?

Getting back to the original statement about being wealthy or being a farmer, they both have patience in common.  In American society, we have no patience.  If we did, the average American wouldn’t have $15,788 in credit card debt.  We are a “now” society; we want it now and pay for it later, unless we end up declaring bankruptcy. 

At the end of 2009, according to Ben Woolsey and Matt Schulz, there were 576.4 million credit cards and 507 million debit cards in circulation.  Their email is Editors@CreditCards.com, if you care to communicate with them further.  The median household income in 2008 was $52,029.  Consider how much of this goes toward interest payments per year, not even mentioning the principal.

Learning wealth takes a great deal of patience, education, experimentation and more importantly, self-control.  If you really wanted to put money away, save it, contribute to charities, pay your bills, etc, you could do it.  But like all Americans, the need of entitlement comes before putting money away does.  The only problem with that is that as much as you scratch at the ground with that hoe, “entitlement” isn’t apt to bring up anything but hard, dry dirt.  So, is there heartache involved?  How bad do you want security?  Are you experiencing failure in saving money?  Go ahead and write down all the things more important to you than saving money and the next time you go to the store and see something frivolous, mentally put that price tag into your bank.  If you do it enough times, you’re bound to begin saving no matter how much money you don’t think you have.  Be a “financial farmer,” you’ll be glad you did.

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About Michelle J Brewer

Free-spirited and unwilling to let life throw a curve she can't handle Michelle hasn't done it all, but what she does do she lands on her feet with her hands in the air. Currently a writer of screenplays, she knows the only true way to benefit in her life is by sharing valuable information. Helping others grow to better their own lives, and loving it at the same time, gives her a sense of accomplishment. This blog will discuss what she is working on and how it's progressing. When you want to know more about MJ Brewer, you can check out her blog at http://2ndChanceatHeaven.com to get the inside scoop! Have fun and please volunteer your feedback!
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