Farming money is when you take your hard-earned money and you plant it. You plant it in a 401k. You plant it in a real estate investment. You plant it so that it will grow and build your wealth…
If you had a choice, which would you prefer? Hands up for farming money. We love to see our accounts grow and with little effort. The farming is that we need to plant seeds that we will see results. Will all the seeds planted produce viable fruit? Not always true. We must pay attention to the conditions, is it fair, seasonally warm, wet, drought can decide if the seeds will produce now or within a few weeks or months. But a true farmer will plant seeds and adjust his observations to the changes and become flexible.
Hunting money is what most of us do and it might lead to the sales. This is the approach to every day setting your target. Send more emails, follow up and chase down the clients. Does this produce stress? Absolutely.
What if we could have a mix of both styles and see positive results. We send out emails and show our clients the benefits of our system. Share with them a success pattern that would grow their money with a proven system that would not cause a negative return to their personal wealth.
4 Strategies to change your money conversation
Tax reduction with your business and personal. Teach others how to use the tax strategies throughout the year.
Correctly set up business that eliminates your personal credit at risk and you can increase your access to cash
Set up a business that guarantees success using your existing clients.
Read books or listen to audible.com about how to reconstruct your finances:
The Total Money Makeover: A proven plan for Financial Fitness by Dave Ramsey
Zero Debt: The Ultimate Guide to Financial Freedom by Lynette Khalifani-Cox
The Richest Man in Babylon by George Clason
Maxed out: Hard times in the Age of Easy Credit by James Scurlock
How to get out of Debt Living Paycheck to Paycheck: 9 simple steps to financial freedom (amazon.com)
The emphasis is to make money do good. Invest with a purpose.
Chari Farmer Ogogo
Be Savvy Live Wealthy, from a setback to a comeback