I once saw a commercial about saving for retirement where they had young people draw a line to where they think one should begin saving for retirement. There were also older people who drew a line from where they started to save. The discovery was that there was a huge gap between when people consider saving and when they actually start saving.
In my book, Meditations for Financial Freedom Vol.1, I reference Genesis 26:12 (NIV) where “Isaac planted crops in that land and in the same year reaped a hundredfold, because the Lord blessed him.” We are responsible for our investments, our retirement planning, and our security and there are many forms of investments that can help individuals.
The problem many of us have is deciding what to believe as really being possible. Is it really possible that Isaac planted crops and in the same year had a harvest that was one hundred times larger? Forget a one-year harvest – is it possible to have an increase of one hundred times our original investment in a lifetime?
Well, consider this; if someone had invested $40, ($531 today) in one share of Coca Cola stock in 1940, their investment would be worth $9.8 million dollars today! There are companies today that are growing equally as fast and offering substantial returns.
Unfortunately, too many of us see the stock market as being for the rich and the famous. The truth is that some of us spend $531 a month at bowling alleys, in nightclubs or on lottery tickets. $531 dollars invested wisely could yield us more than the one hundredfold that Isaac yielded from his crops. The difference between Isaac and us is that he believed the crops would yield a harvest and we are wondering if it’s possible.
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