The Avocado Principles

Found this post from Seth Godin and interesting how it applies to money and other areas of life!

1. If you wait until you really want an avocado, the market won’t have any ripe ones. You need to buy them in advance.
2. If you eat an avocado that’s not quite ripe, you won’t enjoy it. AND, you won’t have a chance to enjoy it tomorrow, when it would have been perfect if you had only waited.
3. If you live your life based on instant gratification and little planning, you’ll either never have a good avocado or you’ll pay more than you should to someone else who planned ahead.
4. Buy more avocados than you think you need, because the hassles are always greater than the cost, so you might as well invest.
5. And since you have so many, share them when they’re ripe. What goes around comes around.

I could easily apply this to money!

1. If you wait until you really need money, you wallet won’t have any. You need to save in advance.
2. If you eat all your money before saving some, you won’t enjoy it. AND, you won’t have a chance to enjoy it tomorrow, when it would have earned more money if you had only waited.
3. If you live your life based on instant gratification and little planning, you’ll either never have enough money or you’ll borrow from someone else who planned ahead.
4. Save and invest more money than you think you need, because the hassles are always greater than the cost, so you might as well invest.
5. And since you have so much, share when you make more money from your investments. What goes around comes around.

Please share with your friends and follow The Money Engineer for more ideas and insights on how to improve your personal finances!

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