Anyone can become a money farmer. That’s right, you, you can be a money farmer. “But Karac, I am here because your blog is about anxiety, stress and depression”. Indeed, all of us can be money farmers. How?

By using compound interest

What is compound interest? Here is the technical definition:

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

Here is a simple example:

Total Interest rate Interest earned New Total Interest rate Interest earned New Total 100 10% 10 110 10% 11 121

In the example, you gained interest of 10%, you added your interest to your beginning total and then gained interest again on that total. You are farming money but using compound interest. The example above shows you two seasons of your farm. If you stop after two farming sessions, you gained 21 dollars and kept your 100 so technically you gained 21%.

Becoming a money farmer takes time, and patience to cultivate your crop. Imagine for a moment that you sowed your crops for 30 years, accumulating many seasons. This is how you become a money farmer, and this is how you become very rich over time. You compound your interest and you continue to add to your total thus each season produces more and more money crops.

Some seasons are wrought with disease, plague, drought. Some seasons are bountiful, bumper crops. Like all good farmers, sow your seeds, care for your crop, reap your harvest. Money is not the answer to all your ills, it can create remarkable stress for you. Money can also be the means by which you lower your stress, now and in the future. More resources managed well allows you freedom. Freedom allows you to manage your mental health more effectively.

You are doing great, one day at a time.

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