"Little by little, a little becomes a lot...plus compounding interest!" - paraphrasing a Tanzanian proverb

• You get your first 401(k) statement that you threw a couple pebbles into and it essentially says you know, "well thanks for playing, but you still have pretty much nothing", right? (02:19)
• And the great thing, unlike the crow with his little pebbles, the pebbles that we're using those amounts grow on themselves. (02:46)
• Every dollar that you put in grows on the next dollar and the next dollar. So every pebble, when you do it, is going to raise the water up faster to the surface than the one before it. (02:53)

Quote for the episode: "If you were wanting to retire tomorrow, it probably wouldn't matter if you threw in a couple more pebbles. It really wouldn't. If you're retiring 30 years from now though, it certainly does matter a lot." (03:29)

Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Welcome to the Enjoy More 30s Family Finance

podcast. The only podcast dedicated to making life more

enjoyable for young families by hitting on the financial topics

that tend to weigh on us, stress us out, and distract our focus

from simply enjoying life.

Hello, and welcome once again to the Enjoy More 30s

Family Finance podcast, Our series that we're working on

right now is The Financial Parables of Your Life. Each

week, I'm sharing with you what will probably be a story that

you've heard of before that you're familiar with. But it's

going to be somewhat altered. It's going to be altered to help

teach not just a life lesson, but a financial life lesson,

because stories are just easier to remember. So we're going to

use that to try to help us remember some of these key

concepts.

As always, before I begin, please share and like please

leave reviews. I'd love to reach and help as many young families

out there that I can that are probably just like you.

So today, please join me for our story, The Crow and the Pitcher.

In a spell of dry weather, when the birds could find very little

to drink, a thirsty crow found a pitcher with a little water in

it. But the pitcher was high and had a narrow neck and no matter

how he tried, the crow could not reach the water. The poor thing

felt as if he must die of thirst. Then an idea came to him

picking up some small pebbles, he dropped them into the

pitcher, one by one. With each pebble, the water rose a little

bit higher, and a little bit higher, until at last it was

near enough so that he could drink.

So something as small as a pebble, just a little tiny

pebble, when it's combined together with lots of other

little things, other small pebbles, it can help you achieve

what you want to achieve. And not just something small, like

taking a drink, but really large goals as well. And when you're

young, it may feel almost like a waste of time maybe putting that

pebble into the pitcher. It probably feels like you're

putting a pebble into probably more like a swimming pool when

you're young. I mean, it's just a pebble, right? It's just a

pebble for crying out loud! You get your first 401(k) statement

that you threw a couple pebbles into and it essentially says you

know, "well thanks for playing, but you still have pretty much

nothing", right? So who cares? Why should I even waste my time

with this? When you put that small amount away though, and

you keep doing it month after month after month, year after

year, it will build up. It will fill that pitcher and now you

can get what you're wanting to achieve. And the great thing,

unlike the crow with his little pebbles, the pebbles that we're

using those amounts grow on themselves. Every dollar that

you put in grows on the next dollar and the next dollar. So

every pebble, when you do it, is going to raise the water up

faster to the surface than the one before it. Every pebble is

more like a little sponge. It's slowly expanding more and more

over time more and more rapidly filling it up. Then if you can

save a little bit more put in a little bigger pebble, you can

save maybe $200 instead of $100. $250 per month instead of $200

per month. It's going to add up more and more over time. If you

were wanting to retire tomorrow, it probably wouldn't matter if

you threw in a couple more pebbles. It really wouldn't. If

you're retiring 30 years from now though, it certainly does

matter a lot.

So thanks for tuning in today and join us for next week's

story, The Empty Boat. I hope you enjoyed today's story.

Please remember to leave those reviews and share for others.

And if you need any help, don't hesitate in reaching out. I

probably have helped someone just like you. Until next week.

Thanks for tuning in today and joining me here and I look

forward to connecting with you again soon.

The conversations on this show are

Joe's opinions and provided for general information purposes

only. They do not constitute accounting, legal, tax, or other

professional advice for your specific situation. You should

always seek appropriate advice from a financial advisor,

accountant, lawyer, or other professional before acting upon

any content or information found here first. Joe is affiliated

with New Horizons Wealth Management LLC, a branch office

of TFS Securities, Inc., and TFS Advisory Services an SEC

Registered Investment Advisor, Member FINRA/SIPC.