15 Feb What Funders Can Learn from Farmers
Farmers play a vital role in our lives. They provide us with our daily food– from fruits, vegetables, and other products such as meat and eggs, and the raw materials for clothing and shelter: all these three, according to Abraham Maslow’s Hierarchy of Needs; that we need to meet in order to have a sufficient life.
Without the food they grow, we would not be able to eat and there would cause a severe shortage of food sources that might lead to starvation. Just imagine if all of us would be forced to hunt for food and have that “Survival of the Fittest” approach in life. Devastating, right?
Another importance of Agricultural Farming is the unlocking of doors in employment creation. Not only farmers can benefit this, but other good examples are those drivers who transport the harvest to the suppliers, store employees who sell goods, restaurant employees who receive the ingredients needed in their recipe, and many more entrepreneurship opportunities.
Farming and growing our money share common principles, and we’ve listed a few of them below.
1. Seeds take time to grow
An entire field isn’t created overnight, and neither is your money.
As a Funder, you must understand that your “seeds” must nurture and grow one little step at a time. Do not expect that you will easily get the result that you want. What’s good about this is when you finally see those little seeds you planted start to peek out from the ground and starting to progress, you will feel that every drop of your effort is worth it.
Just think about how you can maximize your finances and not spend it on unnecessary things. This will shift your outlook on money from wondering what you can buy today to future asset growth, cash flow, and passive income.
2. Don’t put all your eggs in one basket
According to this popular idiom, putting all your eggs in one basket means focusing on just one area only. Heavily depending on the success of one venture is okay, but what will happen if it fails? Of course, everything else will fall apart. That is why you should not put all your eggs in one basket.
When it comes to financial matters, diversification of funds by looking into more channels for your money is the best choice specifically those that can yield a fixed passive income. The more you diversify, the more you can earn.
3. Work your portfolio the way a farmer works his field
We all know that a farmer is a very hardworking person. His perseverance combined with passion drives him through all the challenges that may come his way by being pro-active in the development of his land and makes sure that all his crops are well taken care of.
As a funder, the lesson for you is to be an active participant in the growth and sustainability of your portfolio.
This means taking care of your finances by keeping an eye on the performance of your funds and by constantly checking your email and registered an account in the online marketplace.
Remember to treat your money as a seed who generates growth, not as fruits which represent picking as spending and preventing it to multiply.
4. When a seed starts to flower, everyone appreciates its beauty
Just like a butterfly who undergoes metamorphosis, a seed’s transformation is appreciated by every person who sees it. May it be a relaxing lavender who has a soothing effect for relaxing sore muscles and relieving a tension headache or a rose that has a beauty that expresses promise, hope, and new beginnings; each plant has their own assets and uniqueness that they can offer.
To find success in growing your own harvest, you must start to change your focus from consumption to production.
Go out there and start planting your own seeds, like a farmer who works in his wide field. With a little time, diversification and hard work, your crop will be blessed with a lot of harvests in a short period of time.
Just like a cocoon who transforms like a beautiful butterfly, your life will also enter a transition where you can live the life you always wanted!