There is no difference between growing a tree and growing your money. In other words, all you have to do is simply apply the applicable growing methods for growing a tree to your finances and you will be properly rewarded with a “fruitful” tree.
Let’s see how this works.
Needless to say, you must have seeds to grow a tree. But more importantly, they should be good seeds. Bad seeds will give you bad trees. Also, investment products are needed to grow money. More importantly, these must be good products. Bad investments can not only lead to poor growth, they can also lose money … leaving you empty-handed.
But having good seeds is not enough if you do not have the proper knowledge. If you don’t know how to plant the seeds, how to water them, how to fertilize them, how to remove weeds, etc., etc., your seeds will soon die. Likewise, your investments will also wither if you don’t know how to manage them, how to add to your investments, how to remove underperforming assets, etc., etc. If you do not have the necessary knowledge of agriculture (finance), you should seek the help of a gardener (financial advisor).
Next, as is well known, your trees won’t grow in a flash. Depending on the type of seed you sow, some plants may take a few months to grow and others to bear fruit, even a few years. You have to give your plants “adequate” time. But when it comes to our investments, we want to be millionaires overnight. We barely give the necessary time for our investments to generate profitability. Therefore, we often end up with low profit or loss. This requires a drastic change in our thinking. Unless we are patient enough, there is no hope of making money.
There is one more problem … it is difficult to grow a tree in a desert. You need a good soil for it. Similarly, it is difficult to grow your money in a weak economic environment. As the world economy has been through tough times in recent years, money growth has also stunted. But now the economic scenario in the United States, Europe and emerging markets is improving. This is likely to provide an ‘nurturing and caring’ economic climate that will help grow our money tree.
So here are my best wishes for happy planting and … in due time … happy harvest.