A good fisherman puts his line in the water frequently, daily if possible. My uncle, an avid fisherman, once drove from Florida to New York stopping to fish whenever he spotted water. He put his fishing line in water often. Certainly his journey took longer but he caught many fish.
Financially fishing frequently means:
- save daily
- pay as you go daily
- pay down debt daily
- track expenses daily
A good fisherman keeps his line in the water for a very long time. He is patient. I once fished on Lake Ontario in New York from 6 AM until about 2 PM using a depth finder/ fish finder and several fishing poles. My fellow fisherman and I didn't catch a single fish, although several fishing boats around us hauled in fish throughout the day!
Being patient in money management might include the following:
- gradually develop order and systems for your household
- steadily save for a rainy day
- patiently assess problems instead of rashly throwing money at them
Lastly a fisherman tries many different resources-- lakes, rivers, oceans, ponds, streams-- in order to catch a variety of fish. Fisherman may travel to Alaska to simply try different fishing venues. They vary approaches.
Fiscal variety might look like this:
- start a business
- expand your skills
- read broadly
- buy real estate
Frequency, patience, and variability with money are a few key principles of abundance.
In which of these areas are you the strongest? What could you do better? Are you fishing daily?
(Photo courtesy Keattikorn)