{"id":156209,"date":"2022-07-21T10:17:08","date_gmt":"2022-07-21T14:17:08","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=156209"},"modified":"2022-07-21T10:17:08","modified_gmt":"2022-07-21T14:17:08","slug":"lessons-in-financial-planning-from-under-the-mango-tree-july-22nd-is-world-mango-day","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/lessons-in-financial-planning-from-under-the-mango-tree-july-22nd-is-world-mango-day\/","title":{"rendered":"Lessons In Financial Planning From Under The Mango Tree -July 22nd Is World Mango Day"},"content":{"rendered":"
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There aren\u2019t many things that I enjoy as much as an early morning trek to \u201clook mango.\u201d The warmth of the sun, the color and smell of ripening fruit, the tranquility of the trees, the sound of the insects and excitement of my tastebuds building, as I sample various species of mangoes. But you may ask, how is this experience similar to building a financial plan?<\/p>

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Well, walk with me virtually, as we \u201clook mango\u201d and see if you agree? The process of mango harvesting<\/strong> and financial planning<\/strong> both involve similar tasks:<\/p>\n

Intention, Research, Structure, Attention, <\/strong>and Patience.<\/strong><\/p>

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MANGO HARVESTING:<\/strong> A trip to pick mangoes requires careful preparation \u2014 proper attire (hint: flip flops are a bad idea), a hat and maybe long sleeves for protection, some large, sturdy bags with handles and water to stay hydrated.<\/p>\n

FINANCIAL PLANNING:<\/strong> Creating your financial plan also requires some level of preparation. You must bring the right tools to get your financial plan in order.<\/p>

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MANGO HARVESTING<\/strong>: You must do the research to plan your mango picking strategy. What is the best timing, what types of mangoes are in season? What is the weather forecast?<\/p>

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FINANCIAL PLANNING:<\/strong> Whether you\u2019re using pen and paper, a computer program or looking for professional help with financial planning, you need to proceed with a clear understanding of what is required to complete the task.<\/p>

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MANGO HARVESTING<\/strong>: Structure is vital to fully tap into a mango harvest. All tasks must be coordinated. Someone must climb, others pick the best mangoes (and leave the rest), while someone else must pack the bag with the good mangoes.<\/p>\n

FINANCIAL PLANNING:<\/strong> Every plan has several tasks that must be executed. The process of collecting, analyzing data, processing it and making recommendations, is all part of creating a successful financial roadmap.<\/p>\n

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MANGO HARVESTING:<\/strong> The process of planting, watering and nurturing a mango tree until the time it bears fruit, takes years of effort and dedication. Without attention to pollination, pruning, insect control and watering, the chance of a successful mango crop is highly unlikely. Sometimes, mother nature needs help in delivering a good mango crop.<\/p>\n

FINANCIAL PLANNING: <\/strong>Let\u2019s face it\u2014the devil is in the details. With a careful eye, technical skills and a sense of purpose, the financial planner can find workable solutions.<\/p>\n

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MANGO HARVESTING<\/strong>: Mango trees do not bear all year round; nature has designed a period where the trees can rest and recover until the next season arrives. You might REALLY want a crisp, Julie mango in June, or crave the taste of a kidney mango, while they\u2019re still GREEN. The fact is, the mango will be ready when it\u2019s ready.<\/p>\n

FINANCIAL PLANNING:<\/strong><\/p>\n

You might be anxious to see immediate gains in your investments. However, time is necessary to bring your goals to reality. In financial planning, diligence is key in reaping maximum benefits.<\/p>\n

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Many everyday occurrences can enlighten us about some basic financial principles and simple realities of life that can provide useful insights. The truth is, just like a mango tree\u2019s ample produce, wealth is abundantly available to those who put the time and effort into reaping it. You cannot always rely on \u201clow hanging fruit.\u201d If you are financially distressed, consider how you can plant and harvest the rewards from your own money tree, through better financial planning.<\/p>\n

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Mango harvesting is one of my family\u2019s favorite pastimes. It may not be immediately obvious, but there are many parallels between harvesting mangoes and financial planning. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

About the Author<\/strong><\/p>\n

Megan Samuel-Fields is a CPA, attorney-at-law, financial coach and CEO of SamuelFields Consulting Group (SFCG). As a Community eLearning Partner, SFCG\u2019s dedicated network of experts provides a wide range of professional services and training in financial planning, accounting, auditing, financial wellness, management and marketing.<\/p>\n

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\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

There aren\u2019t many things that I enjoy as much as an early morning trek to \u201clook mango.\u201d The warmth of the sun, the color and smell of ripening fruit, the tranquility of the trees, the sound of the insects and excitement of my tastebuds building, as I sample various species of mangoes. But you may […]<\/p>\n","protected":false},"author":3,"featured_media":156210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-156209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nLessons In Financial Planning From Under The Mango Tree -July 22nd Is World Mango Day - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/lessons-in-financial-planning-from-under-the-mango-tree-july-22nd-is-world-mango-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lessons In Financial Planning From Under The Mango Tree -July 22nd Is World Mango Day\" \/>\n<meta property=\"og:description\" content=\"There aren\u2019t many things that I enjoy as much as an early morning trek to \u201clook mango.\u201d The warmth of the sun, the color and smell of ripening fruit, the tranquility of the trees, the sound of the insects and excitement of my tastebuds building, as I sample various species of mangoes. 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