Sterling Terrell

smart ideas from books (mostly)

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You are here: Home / Not Books / How Managing Money And Tending Plants Are The Same Thing

How Managing Money And Tending Plants Are The Same Thing

How Managing Money And Tending Plants Are The Same Thing

Did you know managing money and tending plants are the same thing?

People think they are different. But this is entirely not true.

Let me explain.

When faced with financial difficulty, shortfalls in budgets, the emotions of investing and trading, and handling finances better in general – most people have one simple solution.

They need more money.

But here’s the thing.

More money is never going to help you.

The bad budgeting, poor decisions, and emotional spending someone does with $60,000 will also be done with $600,000 – or $6,000,000.

There are only more zeros involved.

I mean, the root cause of being “bad” with money has not been addressed.

But somehow, people fall for this line of thinking every single day.

Yet – yet – nobody thinks this way when it comes to tending plants, do they?

Say you had the opposite of a “green thumb.”

You struggled to take care of plants – struggled to keep them alive.

I would never tell you that the solution to it was to…acquire more plants.

That would be crazy.

People think like this when it comes to money though, don’t they?

It’s insane.

I’ll leave it with a final example.

I worked at a cotton gin once upon a time that fell prey to a different version of this.

Their answer was always that, to turn the company around, we needed more bales of cotton.

We need more volume.

I always wanted to know what it would take (cost and structure) to operate a profitable cotton gin on the number of bales we did have.

They were always wishing for something they didn't have, instead of dealing with what was right in front of them.

Wishing for more money as an individual – and wishing for more volume (sales) as a business in one and the same.

It’s shifting blame to what you have little control over, instead of operating efficiently that which you have complete control.

It’s sucking at gardening and thinking more plants are the cure.

It’s childish thinking.

Did I say it was stupid too?

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Filed Under: Not BooksTagged With: #Investing, #Money

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