The Law of the Harvest has biblical implications, but for the non-religious among us there are some parallels we can draw that will also help us set and achieve our financial goals. In my quick’ish style, allow me to do just that.
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THE LAW OF THE HARVEST
Long before a farmer can harvest his crops, a significant amount of planning and work must be done. In the Springtime fields must be plowed. Seeds must be planted. Weeds must be pulled before they take root. Plenty of sunshine and water are required, but after a long season of toiling the hard work is paid off with a bountiful harvest.
REAP WHAT YOU SOW
If you want to harvest corn, you don’t plant watermelon seeds. But you can’t just plant your corn and walk away. If you want a strong, healthy crop then you must constantly pull weeds. Fertilize your soil. Eliminate pests. Add extra water when nature doesn’t provide enough. Prune when there is overgrowth.
There are no shortcuts. If you don’t put in the work, you won’t get the harvest. You reap what you sow.
The same holds true with our finances. Long before you can retire, a significant amount of planning and work must be done. In the Springtime of your life you need to prepare by educating yourself. Avoiding debts. Creating good financial habits.
As time passes you need to keep up the hard work. You prepare for droughts and famines by having an emergency fund. You create multiple streams of income. You continue to avoid debt and you also steer clear of lifestyle inflation.
REAP MORE THAN YOU SOW
Unlike farmers that get no shortcuts, the nature of our financial systems actually provides us with an awesome opportunity to reap more than we sow. If you work hard enough and smart enough while you’re young, you can enjoy an early harvest that will sustain you for the rest of your life. All you need to do is save a high percentage of your income (50%), invest your money (index & chill), avoid debt and steer clear of lifestyle inflation.
Even if you’re like me and got a late start to this financial game, you can still take advantage of this opportunity. You might not be able to retire in your early 30s, but you can still shave an easy decade or more off a traditional working career.
GET TO WORK AND SEIZE YOUR OPPORTUNITY
Thomas Edison once said that “opportunity is missed by most people because it’s dressed in overalls and looks like work.” Don’t miss your opportunity because you weren’t willing to work hard for it.
One way or another you’re going to have to work hard in this life. If you work hard and sacrifice for a few years right now, you can avoid working hard and sacrificing for a significantly longer time later on.
It’s your choice, but the law of the harvest it real and eventually you’re going to reap what you sow. Choose wisely.
Are you going to enjoy the fruits of your labors? Are you nervous about the harvest you’re going to get?