My best friend on this planet recently presented an extremely reasonable question in passing, “Where does the financing come from; I.e., for people who lead such extravagant lives?”
So hold this question in your mind please, “Where does the financing come from?”
The old adage, “Money doesn’t grow on trees” isn’t actually true, but the underlying principle is. Our financing and income comes from people at work or money at work.
Actually according to Napa Valley Wine Academy, we learn how money grows on vineyards. ‘A grape grower might know they can get a yield of 5 tons of quality fruit and sell it for $3,000 per ton, giving a gross profit of $15,000 per acre.’
Along with this idea of money growing on trees as well, the USDA’s Economic Research Service tells that fruit and tree nut industry generates about $28 billion in farm cash receipts annually’ (USDA ERS - Farm Business IncomeFeb 7, 2024).
Let’s face it the key for any household budget or business entity requires financing from somewhere—whether we have a tree farm or whatever business enterprise we own or manage.
When it comes to government-backed financing, the U.S. Small Business Administration (SBA) has increased the number and amount of loans it provides to small businesses and disaster-impacted communities each year. In fiscal year 2023 (FY23), the SBA provided $52.4 billion in capital, disaster relief, and bonding to small businesses’ (SBA Press Release 23-90, November 31, 2023).
Now back to the heart of our question, “Where does the financing come from?”
When all is said and done financing actually comes from your innovative skills, your goals and objectives, and your hard work.
I never get tired of my favorite Latin language. And financing actually comes from the Latin term, finis, which means ‘end’ or ‘limit.’
Think about it, what is the ‘limit’ or to what end will someone front you dollars. To pave that dream of having your own business will require financing from some source: family, friend, bank or lender.
My late father and I received financing from an elderly gentleman who I will call, Mr. G. The old man loaned literally millions of dollars prior to his death. He drove around in an old beat-up noisy vehicle that you could hear rattling when he came to our respective businesses.
He was a distinguished graduate of a major university in America. However, to see him in tattered old Khaki pants, worn-out shoes and a wrinkled plaid shirt you would never know how wealthy he truly was.
He loaned my dad and I tens of thousands of dollars. He was our financing. He was like an ‘angel unaware’ to all of us who welcomed his loans—plus interest, of course.
Over the years I must admit that I have actually prayed, “Lord, please send me another Mr. G in my life.”
Where does your financing come from? I hope there is, or has been a Mr. G in your life.
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