Living large now shouldn’t come at the cost of your future
On September 10, 2013, a revolutionary book called “Forever Cash” was released through Amazon.com and Barnes and Noble bookstores. This book pulls back the curtain and reveals the money-making secrets of the world’s wealthiest citizens.
A farmer plants a tree to support his family. Once the tree gets big and strong, he has two options: 1) cut that tree down and sell the wood at the marketplace or 2) wait until the tree bears fruit and sell the fruit at the market, leaving the tree intact.
Which option would be smarter?
Right now, you might be shouting at your computer screen: “Of course the farmer shouldn’t cut down his tree! He should sell the fruit and all the other fruit that the tree produces year by year!”
For many of us, the logic behind that choice is obvious: Why should the farmer enjoy a one-time wad of cash in his pocket when he can enjoy a steady stream of money each harvest?
Sadly, the majority of people haven’t yet put into practice that lesson; at least, they don’t see how the way they use the money from their job today directly impacts their life tomorrow.
Like a farmer who cuts down a fruit-bearing tree before harvest time, some people blow their hard-earned paychecks to live large now instead of investing those funds in a cash-producing asset. It’s as ifthey were cutting down the “tree”and throwing away all the good that it could have done for them in the future. Like a fruit tree that could have produced crop after crop (and even seeds for planting more trees) one-time cash that is blown on unnecessary expenses now deprives its owner of all of the future benefits that the money could bring.
The vast majority of the high rollers you see living the “large life” now are spending their One-Time Cash and Temporary Cash on “stuff” that does not produce cash flow. There are also a few, the truly wealthy of the world, that live that same large life without cutting down their fruit tree and by only living off a portion of the interest or cash flow produced by their assets.
The material difference in the two cases is that the truly wealthy have their investments pay for their lifestyle – not their active income (One-Time Cash).
Every good farmer knows that he may not see the results of his hard work right away, but that if he plays his cards right then he can receive the benefits of that hard work forever.
For more information including upcoming events, blog posts, and book reviews, please visit the website www.forevercash.com.