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Analogy of a Frog and Personal Finance

If you were to pick a frog and put it in shallow boiling water, the frog will jump right out of the pot and jump out to safety. However, if you were to pick up the same frog a little later and then put it in a shallow cold water, the frog will not react to this and will sit there comfortably as it is a cold-blooded animal. But, if you experimented by heating the cold pot over a very low heat with the frog still sitting inside. The water will eventually rise to 100 degrees. Like any cold-blooded animal, the frog’s body will adjust to the rising heat and adjust its blood temperature to the environment. Eventually, when the water reaches a boiling point, the frog will die as a result of adapting to the environment without even realizing it.

So what does personal finance have to do with the frog story? Career starters start out like a frog in shallow cold water. The money they received till the end of the month is enough to get by since their living requirement is low. But as your career and salary grow, so do your desires and lifestyle. As you start buying your first car, buy your first house, start using credit cards, your lifestyle will gradually change, but not as fast as your salary increases. As with the frog, you won’t notice that you have a debt problem since the increase is not sudden. And by the time you figure it out, it’s too late and you’ll end up with a huge pile of debt.

There are many paths to achieving financial freedom, but most of us choose the path of job security. How can we blame them? The education system was designed to produce workers, not entrepreneurs. Many have realized that as the company they work with begins to prosper, the owner of the company is the one who ultimately benefits and the employees are usually not much richer compared to the first day they started working there. The reality is that the boss is not responsible for making you rich, but his responsibility is simply to make sure that you get your salary by the end of the month. It is your responsibility to make sure that you end up rich and not someone else.

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