How to Cook a Frog and Build Wealth

What does cooking a frog and building wealth have in common?  Kevin McNab provides the answer in ColoradoBiz Magazine.

I grew up on a dirt road with woods, fields and ponds surrounding my house. Some people might call where I grew up “a little country.” On summer evenings, I could be found catching huge bullfrogs in the pond behind our house.

My grandma lived around the corner. She grew up on a farm in North Dakota during the Great Depression as one of 11 siblings. Her hardships and long life led to great knowledge. She shared this wisdom with her grandchildren. As a child, when she gave me advice, I listened.  One evening, when I was about 10-years-old, I showed my grandma one of the frogs I caught. She said to me, “Kevin, the best way to cook a frog is to gently place it in warm water and turn up the heat.  As the frog gets comfortable in the warm water, it will be too late to jump out by the time it realizes the water is boiling. If you throw a frog in boiling water, the frog will jump out.” I must have been a combination of fascinated and horrified by this piece of knowledge because I still remember her advice over three decades later. To this day, I don’t know if my grandma used to cook frogs on the farm when she was a child or if she was providing me with a little bit of sage generational wisdom.

As I was thinking about my grandma the other day, this memory crossed my mind. At that moment, I realized, cooking a frog is like building wealth…Read More!

ACE Wealth Partners LLC is a wealth management firm specializing in financial planning and asset management.  ACE serves clients across the country with a concentration of clients in the Denver Metro area including Cherry Hills, Arvada, Broomfield, and Westminster.

Kevin McNab

This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.