Growing Money on Trees

Everyone wants their money to grow. But sadly, money doesn't grow on trees.  We've all heard the adage.  However, apples do!  So, let's assume you want to grow apples.  What factors affect your apple production?  How many trees do you have... are you eating the apples...are you replanting them... are you protecting them from insects, pests, disease, and natural disasters...and most importantly how much time do you have?

Now, let's say you want a lifetime supply of apples.  You feel you will need to save 100,000 apples to accomplish this.  It doesn't matter where you start.  Whether you have the full tree or just a couple of seeds to plant, eventually you will see more apples.  Let's assume you can only afford to plant 1 tree a year.  In order to get there the quickest, you will want to plant your picked apples to grow into more trees. That way you are increasing your production with each harvest.   However, there are two keys to success here.  The first is you can't eat all the apples you get, you have to save them otherwise you will never reach your goal of 100,000 apples. Similarly, you can't see your giant stockpile of apples and decide to sell them to fund some other dream of yours. 

You also have to consider apple thieves, insects, and pests.  See, all three of these will see that you are producing delicious apples and they will take a share for themselves, whether you like or not.  Finally, you also have to worry about disease and inclement weather.  These can destroy your entire crop making you have to start over!  However, there are ways you can protect yourself from all of these things. You can plant your trees in a greenhouse, to protect from the weather. You can spray them to protect from diseases, insects, pests, and use other methods to protect from thievery.  There is a lot to growing apples!        

Now you are probably thinking, "Why are you telling me this?"  Because, it is just like saving for your retirement! Those 100,000 apples are your retirement goal, but the number itself is irrelevant.  It is however much you want for your retirement, it's your goal.  The only way to reach it is to get started.  You can't give up because it seems like it will never happen.  It doesn't matter how much you start with, just like if you had only one seed to plant.  Remember how you would replant your apples as you harvest them?  That is how compound interest works! Each year the interest you receive gets reinvested and will generate even more interest the next year. 

You also can't see shiny apples (your balance) and decide to go eat them all.  Otherwise you will never reach your goal.  The thieves and pests you wanted to protect yourself from;  those are taxes and fees. By eliminating or minimizing these, your retirement fund will grow much faster. Furthermore, you want your funds to grow in a place that is also protected from stock market losses and crashes.  This is the bad weather and disasters.  You don't want to save the money, just to have something out of your control, take it all away!

If you want help growing your apples for retirement, while protecting you from all of the thieves and pests, then call my office today.  Remember, just like growing apples, it is all about how much time you have. Time is your biggest ally or worst enemy.  Call my office today to start your orchard!