There are several sayings about growing money; people often tell their children or spouses that money does not grow on trees when their financial demands get ridiculous, so to say, and some talk about their money growing like grass.
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In fact, I once saw a young guy spotting a t-shirt that had an inscription which said, “my money grows like grass”. Of course I had seen such a shirt inscription many times before but it was only the other day that I consciously read the inscription and made an effort to comprehend it.
Apparently the saying is popular among rappers who come upon sudden wealth from the music industry that they can’t quite grasp how money could become so randomly available to them in the same manner as uncultivated grass would grow on a meadow.
As I pondered upon the t-shirt caption, I recalled the wise words of Ian Cowie who was named Consumer Affairs Journalist of the Year in the London Press Club Awards 2012 as he wrote in The Telegraph about 10 ways to grow your money and drew parallels with growing asparagus.
Being an young investor I concur with what he says and believe that money can be cultivated as one would any plant or crop and fortunately for some, it does grow like grass.
It is just like farming
The first rule in the farming book is that you need to be patient; one can’t plant a seed today and expect a harvest tomorrow. Jack and the Beanstalk is just a British fairy tale, no crop grows overnight except if it is magical beans. Moral of my version of the story is that one has to be patient with the crop.
Bear in mind that depending on your portfolio, time from seed to harvest might vary. If you sow tobacco for instance, you can’t expect to harvest the same time with someone who planted maize; same applies to your investment; know what financial crop you have planted.
Be vigilant, little and often is the best way to water your crop and regularly monitor the progress of your investments.
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Make hay while the sun shines.
Mix and match is the key to a balanced portfolio. No field should be filled with only one type of crop —and no purse should be filled with only one form of money or currency.
A good farmer knows how to make hay while the sun shines. This is the importance of investing early in life — while the sun of your youth yet shines and your ability to get multiple sources of income is at its peak — your financial burdens might still be few or much; do this so as to reap a harvest when one truly needs it in retirement.
Don’t be a fashion victim.
Many have suffered tremendous financial loss to the point of embarrassment by following the herd and investing in pyramid schemes camouflaged as network marketing initiatives; invest in portfolios that you understand and have some background knowledge or strength in. Fortunately, guys like JERRY BANFIELD to always shine light on many of the difficult questions about steem cryptocurrency and steemit.
Lastly, any farmer, seasoned or amature, knows how to prune and tend to his investment. You need to focus and promote steem religiously and be very active on the blogs, you need to get rid of investments that don’t bring satisfactory return, after a reasonable time and consideration of different fundamentals.
Embrace steem now, call others to come and partake of the manner from the internet, don't be left out.
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