Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

Ranching in Wyoming, Slow Money, and Finding the Key to Your Success

By

Image used under license from Shutterstock.com

You know, there’s nothing wrong with making money slowly. With all the hype surrounding bitcoin and making money fast, there’s virtue in making it over time—you appreciate what you have when you finally get it.

Respect for money was an important lesson I learned, of all places, as an intern at a start-up company while at Babson College.

One morning in the conference room the founder told me, “Always remember, most investors don’t respect money. They don’t appreciate the hard-work it takes to earn it. They’re looking for a quick buck. We’re trying to create something. We’re builders. We need to attract long-term investors.”

As I think about that conversation, I’m reminded of the relationships I have with so many long-term investors like you. It’s the greatest part of my work—the relationships. Clients I work with in Branson, Missouri, Newport Beach, California or any other city or small town in this country—appreciate what it takes to make money slowly. It’s a mindset that connects us.

A client of mine, a cattle rancher in Wyoming, doing it for a living not for fun, appreciates every dollar he’s made. He always seems to be outside, rain or shine, snow or sleet. Yesterday, he was breaking up ice “so the cattle could get a drink,” while moving them to greener pasture for the winter. He had been on his horse most of the day “so far,” he said, and about “five hours” the day before. “You must feel that at the end of day,” I said. “Not as much as nine hours,” he laughed. I guarantee you, he wouldn’t have it any other way.

What’s no laughing matter is the not so small fortune he’s amassed simply putting one foot in front of the other year, after year, after year. His story, and others from clients and investors like you whether in ranching, insurance, real estate, orthodontics or retirement, have a common refrain: You didn’t get rich quick.

You always seemed to know why you were doing what you were doing—it was more about survival than getting rich. You remember, as if it were yesterday (even though it was eons ago), what it felt like to have nothing. And because of that you appreciate what you have, and—you’ve found the key to your success.

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.