The saying that money does not grow on tree is an age-old saying, however, it turns out you can actually grow your money tree if you pay attention to some key things.
by Eby Akhigbe
You may have heard it a thousand times, that money doesn’t grow on trees. But I am glad to announce to you that they lied.
Money does grow on trees and I will show you how to plant and grow your very own money tree.
You could even cultivate an entire money tree forest because, ‘as far as your eyes can see’.
Let’s start from the scratch.
What do you need to grow a real tree?
There are four major things that are ultimately necessary for the growth of any kind of tree:
- Good soil.
Same things apply to growing a money tree.
Do we all have these things? Yes, then everyone can most certainly grow their money tree.
Firstly, we need seeds.
Our seed to grow money is … yes, you guessed right … money.
Everyone has money, though at varying amounts and levels. Some have a hundred bucks, others one thousand Naira, one hundred thousand Naira or if you are Jeff Bezos, a gazillion millions of dollars.
We all have something.
Do not belittle the power of the seed in your hands. Because to him who has much, more would be given, but to him that has not, even that which he has will be taken away. Isn’t that just weird? That those who say or think they have nothing; that which they have would be taken away from them? Is that even possible? How can you take something from seemingly nothing?
You see, that is just the thing; seemingly nothing is something. People underestimate the seeds in their hand.
Let’s dig deeper. What seeds do you have right now? Sometimes, your seed might not be money, sometimes, your seed is your talent and gifts; other times, your seed is your network, the people you know and who knows you. Your seed can be your value; are you a person of integrity? Can people vouch for you? Do you have social capital? These are some of the seemingly nothing we have that we can sow and cultivate.
Now we have our seed, we can move on to the next, which is a good soil to plant the seeds.
In the case of our kind of tree, what we need is a good land where we can invest. A good land can be in the form of a business or investment opportunity, shares, stocks, bonds or mutual funds.
Depending on your risk appetite, some available “good soils” include Mutual funds. Mutual funds is an investment vehicle made up of a pool of monies collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and other assets and you can start with as little as #5000. The top three mutual funds available in Nigeria are ARM, FBN Quest and Stanbic IBTC.
When it comes to growing a tree, we have to consistently water it. Water is of utmost importance.
Once you’ve planted your seed, keep adding to it. The best option is monthly watering. Saving or adding to your investment is a sure way to grow your tree.
And the next thing we need is time.
It takes time to grow your money tree, there’s no hurry, consistent actions produce great results.
With time you’ll harvest a healthy and robust fruit bearing money tree.
Be mindful not to eat up your fruits when your tree is ripe for harvest.
Our goal is a wide and thick forest of money trees.
Keep some fruits for replanting, have some when necessary and give some as gifts to humanity and God.
You know what they say about the best time to grow a tree. The best time to grow a tree was 20 years ago, the next best time is now.
So what are you waiting for? Get planting.
Ebose is a Creator, Designer, Traveller and a Social Development Enthusiast