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Cow Talk

The other day I was reading a selection from the FQIC Burning Book Club recommended by Mom called The Automatic Millionaire by David Bach. While reading I recognized a phrase that I had never heard of before. The phrase was said to be common down South in Texas where your wealth is measured in a very unique way. Enough build up already, the phrase that changed my life and had me rolling on the ground laughing was “Big hat no cattle”.

Upon reading this, I instantly took pride in the fact that neither I, nor any other member or follower of the Full Quiver Investment Club would ever proudly say, “I am big hat no cattle”. So what does “Big hat no cattle” mean you might be asking right now? And why are you talking about this on an investment website? Or maybe even why should I care?

Well as fans of Jeff Foxworthy here at FQIC.com, we often best define ourselves best by saying what we “might be”. So here goes nothing:

• You might be "Big hat no cattle" if you shout out "already spent" to your co-workers on payday.

• You might be "Big hat no cattle" if your car payments are more than your rent.

• You might just be "Big hat no cattle" if you have a car payment at all.

• You might be "Big hat no cattle" if a Financial Advisor talks you into purchasing a LOAD mutual fund because no load funds are for cheapies.

• You might be "Big hat no cattle" if you buy your sweetie a birthday present using your credit card.

• You might be "Big hat no cattle" if dinner is on the house, but you pay with plastic.

• You might just be "Big hat no cattle" if you say your $1000 dollar credit card debt is not that bad, since the average household in America holds over $7000 dollars in credit card debt.

• You might be "Big hat no cattle" if you think budget is only a place to rent cars.

• You might be "Big hat no cattle" if you hire a lawyer because you liked their television ad.

• You might be "Big hat no cattle" if you think bankruptcy is always a good option to solve your financial problems.

• You might be "Big hat no cattle" if you're eating rice and beans to help make your whopping mortgage payment.

• You might be "Big hat no cattle" if you cannot afford to contribute to your company matching 401K plan because you have so many bills.

• You might be "Big hat no cattle" if you think money spent on eBay does not count, because it is an investment in your career.

Well I could go on forever, but don't feel so bad. I came up with every one of these scenarios from personal lifetime experiences. Here at Full Quiver Investment Club we strive to be “Small hat many cattle”. We do this through business, saving, and investing. Now go set up that automatic investment plan to your no load mutual fund!

-Christian Reese, Full Quiver Member
 Publish Date 6-12-2004

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