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Build Your Nest, Lay Your Egg

April 21, 2012

Build Your Nest, Lay Your Egg  

February 22, 2012

by Edmund Lao

http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=22404:build-your-nest-lay-your-egg&catid=28:opinion&Itemid=64

Whether we like it or not, egg is one of the most important things in our lives.  Not only because we consume it as food but more significantly, we were also eggs in our mothers’ reproductive system.

In the reproductive system, life is conceived once the egg cell is fertilized. Almost all form of living things from human beings to animals are reproduced through this method in order to continue the species. It is an expression of love between a man and a woman and binds them closer together. The group Menudo once sung “Because of Love” that includes the line:

“We were born because of love, gently taken care of
Sheltered with love through the years, and thanks to love, today we are here”.

This song makes sense. The best form of love is to give life or to sacrifice one’s life to preserve another. This is the kind of unparalleled love that only mothers can give.

Unlike human beings, there are animals that reproduce themselves by laying eggs, like fowls, turtles, fish, and the pre-historic dinosaurs. The most commonly known is the chicken egg.
The average age for hens to begin laying is 5 to 7 months. Young hens will begin by laying one egg every 3 to 4 days. As a hen reaches around 30 weeks, she will be able to lay two eggs every 3 days. The hens will be at their top laying potential at 1 to 2 years of age. Hens will lay for a period of 4 to 6 days and then take a rest. Some hens will take as little as a day to rest.  If the eggs hatched and the cycle repeats, imagine the number of hens and eggs that will be produced everyday.

There is a kind of egg that is very essential to our lives. It is the nest egg, and like the egg we used to be, is a product of love. Similar to the motherly love given to her newly-conceived child, we should treat our nest egg with love. Although our nest egg does not have emotion when it grows, it will surely and with guarantee do its work of love by providing for us when the proper time comes. Realistically, unlike with our offspring specially the male, there is no guarantee of support,  particularly after they get married—and to spouses who may hate their in-laws. I personally have seen this kind of scenario where a friend of mine turned his back on his parents after getting a bride. Apparently, brides are more powerful after marriage. There is truth to the Filipino saying “there is only one queen in the house”. Analogously, in Chess, the Queen is the most powerful piece on the board, even more powerful than the King. So for security reason in a world of uncertainty, it is much better for everyone to make some sacrifice now and build his nest egg than to regret later when his son gets her future queen and risk being checkmated. Remember that it is the parents’ obligation to ensure a good financial future for their children and not the other way around. Parents should always be an asset to their loved ones and even pass on to them the legacy thet have built when their time is up.

But what really is the nest egg? The nest egg refers to money set aside in investment, money market, or savings accounts that is designated for some specific purpose. It may also be called a financial cushion, a safety valve, and a variety of other names. Some refer to retirement money specifically as their nest egg, and others have money set aside to later fund their children’s expenses like college, weddings or even down payment on a house.

In order for nest egg philosophy to work, a person must agree with himself that nest eggs aren’t touched except for their intended purpose. It also helps to set aside an amount that is planned to “feather the nest” with each month. In real life, when we find a nest, we are never supposed to touch the eggs, since birds may then reject them. Similarly, our nest egg should remain safe and untouchable, allowing it to grow quietly in the background until it is needed for its intended purpose. A good idea is to pretend you have a poultry business. Treat your nest egg as chicken egg. Let it hatch and grow so it can lay egg that will produce another batch of egg-laying chicken and let the cycle continue..

It’s still important if you plan to invest your nest egg, to carefully consider the types of investments you can make. Usually the term nest egg implies slow growth of money, securely stashed away. Obviously the more money you can set aside, the better. If you have significant amounts of money to invest, you may want to diversify your investments.

Below are recommendations to express your love by building your “nest” and laying your “egg”

Step 1 :Increase cash flow and pay off your debt. Number one priority is to pay off the credit card debt and other outstanding loans that are wreaking havoc on your financial security.

Step 2 :Start saving and build an emergency fund. Aim for 6 months of your monthly expenses to have in a liquid account (easily accessible in a pinch) for things such as medical emergencies or job loss.

Step 3 : Accumulate asset and build long term savings by contributing the maximum allowable amount and watch it grow with time

Step 4 :Get adequate protection and income replacement for the breadwinner and for estate preservation.
If  nest egg is a product of love, wouldn’t it be a good idea to replace the flower with egg during Valentine’s Day? An egg might not be as expensive as the flower.

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