Let's Make Potatoes!

Kim Carroll |

Let’s make potatoes! You might be asking yourself, “Kim! Why? Are you hungry?! What is the parallel between the versatility of cooking potatoes and the myriad of possibilities that come with managing money anyway?” Well, just like anyone can grab a bag of potatoes from the store, you need the knowledge to cook up a delicious plate of hashbrowns. Similarly, we all handle money, but you need to understand the recipe to cook up the delicious and diverse ways that money can work for us.

Think about the different types of potatoes—russet, Idaho, gold, red, Yukon. We can cook up home fries, twice baked potatoes, roasted potatoes, or potato pancakes. Similarly, we acquire money through various avenues—wages, distributions, pensions, social security, windfalls, etc.  These ingredients of cash flow can be stirred into investments, annuities, life insurance, IRAs, Roth IRAs, treasury bills, etc. The challenge lies in understanding these choices and making decisions that align with our goals. Much like choosing between a baked potato, french fries, hasselbeck potatoes, or mashed potatoes, you can decide how you want your money to work for you.

Unfortunately, most of us didn't learn how to cook potatoes or make money work for us in school. My goal is to change that. I invite you to reach out to me so we can explore the numerous ways in which we can make money work—just like we can cook potatoes. Let's open your mind to a variety of flavors and possibilities that can enhance your financial journey.