Resource & Info:

Relevant articles, resources and information geared to both parents and childcare professionals, including helpful tips, activities and arts & crafts ideas.



 


The Daffodil Principle


(NewsUSA) - Have you ever heard the story of the daffodil principle? The story about a daughter who, after much persistence, persuaded her reluctant mother to come visit a daffodil field. The story of a mother who wanted to do anything but go out of her way to see a field of flowers.

This same mentality the mother possessed is the same mentality many people have about their finances. But perhaps they should take some time to understand the story of the daffodil principle, which first appeared in Jaroldeen Edwards' book "Celebration!"

During a trip to the fields, the mother still complained, thinking there are so many other things she would rather do with her time. But then they turned into a small gravel road, from which they took a narrow path, which led to what she thought "was the most glorious sight -; a field that looked as if someone had taken a vat of gold and poured over the mountain peak and its surrounding slopes." A field of thousands of daffodils.

The mother wondered how such a feat could be accomplished. Who could do this?

"Just one woman," replied the daughter.

A sign hung from the woman's house with the headline, "Answers to the questions I know you are asking." The mother then went on to read the rest:

- The fist answer was simple. "50,000 bulbs," it read.

- The second answer was, "One at a time, by one woman. Two hands, two feet and one brain."

- The third answer was, "Began in 1958."

For the mother, this was a life-changing experience. She realized that it takes small, baby steps to accomplish our goals. When we multiply tiny pieces of time with small increments of daily effort, we, too, will find we can accomplish magnificent things -; one bulb at a time, or even one dollar at a time.

This same principle is applied in the SAVE252 program. This program was designed to allow individuals to fund IRAs in increments throughout the year. Taking advantage of such programs can help provide some discipline into saving more money while allowing you to be in complete control of your savings.

For example, putting $19.92 away 252 times a year with the SAVE252 program will allow you to have your maximum IRA contribution in by the end of the year and save $1,600 on your taxes, depending on your tax bracket. If you are in a lower tax bracket, you can opt for a more flexible program that allows you to put as little as $1 a day into savings for your future.

For more information and more money-saving options, go to www.save252.com.


« Go Back to Listing
 
 
Newsletter Sign Up » Register »Sign into Partner Account[Login]
×

© 2011 Childcare World. All rights reserved.   Terms of Use   About Us   FAQs   Contact Us   Advertise with us   Advertising Options   Privacy Policy   Refund Policy