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I was about 12 years old and looking for money when a friend of mine asked me to help him load and put up hay. I didn't know the hay fields would reach 90-1000 and the haymow would exceed 1100.
Gratefully my friend, who worked along side me, would occasionally suggest a refreshing drink from an old well. He taught me how to prime the pump (use some water and pump the handle several times) so the well would give us cool, refreshing water.We would take turns gulping several cup fulls of water in between loading and unloading hay.
Saving money is a lot like priming a pump.
Prime a pump with water and much more water comes out.
Save a little money and the result is much more money.
Why does saving money produce more money?
1. Security. Money stored away gives incredible confidence and peace. Confident and peaceful people make better decisions.
2. Good deals. Bargains happen with cash. Just look at the number of businesses who bought up other businesses for pennies on the dollar because they had money on hand (retained earnings).
It's hard for a seller to resist the lure of a wad of cash. Often they will reduce the price by 25%-50% if they see cash.
Regrettably some people prime the savings pump for a few days or weeks but don't pump long enough to see any true results. Start saving now even if it is only a few dollars. Then watch how refreshing it is when you need a cool glass of water in your hot financial haymow.