I have a yard now that was sadly neglected for years. My ambitions for it are modest. I still cut the grass with a checkbook, but I myself am working in fits and starts to reshape it into something better.
With many trades facing supply disruptions, price spikes, and labor shortages, it seems prudent to defer some projects until things loosen up. So… I have not called in the landscaping company yet.
In the meantime, there is a space that would benefit from a layer of rock. On my daily walk, I am picking one up and bringing it home. Three days into this plan, there are three rocks. They weigh about a pound all together.
The internet suggests I might need a ton of rock for this area—2,000 pounds. If I maintain the current rate of rock accumulation for, say, 300 days per year, it would take me 20 years to get a ton of rock. Twenty years to cover what I need.
I’m struck by three things: how insignificant three rocks seem against the total need, how simple arithmetic shows it could be accomplished over time, and how similar this all is to the challenge of saving money for retirement.
The first month’s deposit in a long-term investing plan might be a tiny fraction of 1% of the eventual sum accumulated over 20 or 30 years. It might feel like three rocks compared to a whole ton!
But simple arithmetic provides some hope.
Clients, if you would like to talk about your own accumulation plans—or start one with a younger relative in mind—please email us or call.
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