A little fun for your day:
The CEO of a large corporation was giving advice to a junior executive. “I was young, married, and out of work,” he intoned.
“I took the last nickel I had and bought an apple. I polished it and sold it for a dime. The next day I bought two apples, polished them, and sold them for ten cents each.”
“I see,” said the junior executive. “You kept reinvesting your money and grew a big business.”
“No,” said the CEO. “Then my wife’s father died and left me a fortune.”
Ha! If only it was that easy.
But, there is a good lesson in the joke. The ambitious young man did understand that a profit could be made from an investment. This is something most people understand, and yet, not many will apply that information in their own life.
Delayed satisfaction is also the key to having a secure financial future. Resisting a desire to spend extra money today so you can save it for tomorrow is a great way to build your retirement fund.
Speaking of savings, can your current portfolio get you there? Are you on track to have the money you need during your retirement years? We want to help you live a rich, fulfilling life with finances that make the grade. Give us a call at 513-563-PLAN (7526) or book online, and we’ll show you how.
How do you like them apples?
Dan Cuprill, CFP®
P.S. Tomorrow may be a perfect day to clean your car. Details in the next email.