One of my favorite things to do is gardening and farming. I grew up on a farm, and I loved everything about it. From raising crops and a huge garden to feeding out cows, chickens, and hogs, I learned a lot about the principles of sowing and reaping. A great joy of mine is to have the opportunity to jump on a tractor (John Deere, of course) and raise some grain on my own farm.
As I was tilling up the soil the other day, I thought, “I’m so glad we have the right type and size of equipment for this task.” I have the right size tractor and tilling equipment, and it made the work easy. How difficult would it have been to till up several acres by hand with a hoe and a rake? Virtually impossible!
My next thought was how this applies to our personal finances. How many people are attempting the equivalent of tilling up a huge field with a rake? Let me connect the principle a little better:
- They want to retire someday, but they are not investing and using the powerful tool known as Compound Interest
- They want to maximize their money, but they are not utilizing the amazing money tool called a Budget
- They want to pay for their child’s college, but they are not capturing the power of the awesome tool called a 529 College Savings Plan
- They are sick of living paycheck to paycheck, but they’ve chosen not to utilize the awesome tool called Automatic Saving.
Are you working with the wrong tools?
The I Was Broke. Now I’m Not. Study was created to help you maximize your money and apply the right tools to your finances. Learn more HERE.