Business Finance Solutions for Horse People

So it occurred to me in a discussion at work that as a general rule, people aren’t as ‘financially future minded’ as they could be.

I see on a daily basis or hear of people that are struggling because of many things:

• A lack of a job
• Ignorance about planning for the future
• Bad decisions
• Overwhelming debt
• And the list goes on

It may be no secret to readers of this blog that I love planning my future (and dreaming about it!), finances included.

I’m often thinking about what I can save for (such as my trips to South Africa and Ireland – horse related, of course!). For me it is easier to save with a goal in mind, otherwise I may not see the point.

However, if I’m not saving, then I’m looking for ways I can invest my money and it got me thinking about a few of my favourite things:

• Education
• Horses
• Financial Planning

Now this may not seem like a winning combination, but I had a sudden idea. Horse Financial Planners.

Many people, if they choose to invest their finances, they put their hard earned or saved money into something they know will bring them a return. Now in my ‘entrepreneurial daydream’ I thought, what if there was a business out there that had a niche – financial planning for horse people, with a horse investment focus?

A further explanation?

What if someone with a finance background was able to help you manage your funds, but also help you to invest in the animal and industry that you’re passionate about? Perhaps they could even guide you in short, middle and long term investments, investing in:

• Racehorses – a potential medium term investment that varies in the cost
• Property for a horse related business – a long term investment with a variable return
• Writing about horses – this could be an investment with minimal $ cost (your time, more than your finances), such as writing articles for magazines or online, or even novels or informational horse books – I love this one because it has the potential to be a residual earner
• Broodmares – a medium to long term investment before you see a return from progeny sold
• Yourself – a medium to long term investment also. Did you know you can invest funds in your education, career and savings to increase your future financial worth as well as employability options?

So I originally concluded my ‘made up’ job of being an equine careers counselor (of which I believe there are quite a few well known equine focused employment agencies around, now) was my ideal job.

Now, I think my dream job could be an ‘equine financial planner’.  It’s got a nice ring to it, don’t you think? 🙂

“Don’t give your son money. As far as you can afford it, give him horses.” – Winston Chuchill