“Spencer, how many years have you been growing peach trees?” Stewart asked.
“It will be ten years next month,” replied Spencer
“And you’ve never enjoyed it?” “Absolutely not, if I had my way I would grow apple trees. I don’t even like peaches, but there is more money to be made in peaches than apples.”
Stewart nodded, “Many people are convinced that the things that they love to do and making money are incompatible. They think that you’re happy and poor or rich but discontent, but the wealthiest individuals are people who have found what they love to do, and a way to bring it to a market where others value it and gladly pay for it.”
“So the first part of our second secret is this. Find something that you love to do, doing it in the service of those who love what you do. No amount of money is worth spending so much of your time doing things that give you no enjoyment. The world needs us to be alive, passionate and energetic. Your career should be a reflection of ‘who’ you are, and not just something that you do.”
“Many people work only for retirement. If you love what you are doing, why would you want to retire? Besides, most retirement plans aren’t much different than blind investments. When you invest your earnings you need to know the investment intimately.”
“It is not just enough to find and do what we love, but we also need to find the appropriate uses for the money we earn. We need to remember “The trees you enjoy and know are the trees to employ and grow.”
“Another common mistake made by people who don’t understand this secret is they consume their main sources of production. They destroy future productivity and harvests. Consumption is not necessarily wrong, but consumption should come as a result of, not at the expense of production.”
Wealthy minded people do not consume their sources of production they consume the fruits of their production. Suppose a person owned a piece of real estate with $50,000 in equity, and it generates a monthly cash flow of $500. The wealthy minded person will do what is necessary to preserve and increase that asset, while others would be tempted to sell it to extract and consume the equity. The wealthy let their assets pay for their personal consumption, while the poor consume the sources of their production.
“The biggest mistake people make in life is not trying to make a living at doing what they most enjoy.” Malcolm S. Forbes
David Harper’s new book,
“Stop Chopping Down Your Money Trees”, is now available. Get it and get educated.
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