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The "Acres of Diamonds" Story

By: Keelan Cunningham
Date:
Re: The Acres of Diamonds

Russell H. Conwell was an international correspondent for the American Traveler journal. He is best remembered for his speech, “Acres of Diamonds” which he delivered over 6,000 times all across America and around the world in the early 1900s.

The story goes that this farmer sold his own fruitful farm in pursuit of immense wealth in mythical diamond fields far away...

The Acres of Diamonds story recounts the tale of his travelling throughout Mesopotamia and hearing about the tale of the Persian farmer, Ali Hafed. The story goes that this farmer sold his own fruitful farm in pursuit of immense wealth in mythical diamond fields far away. Years later Hafed died old and disillusioned, having never found these fabled diamonds. Apparently, acres of diamonds mines were found on Al Hafed’s own land years later by the new owner of the farm.

The moral of the story is to overlook digging in your own back yard before you go chasing the next big thing elsewhere. Sometimes, we think faraway fields are greener. Sometimes we spend time pursuing shiny new objects of desire in new-fangled places when there is opportunity right in front of us before our very eyes yet we don’t see it.

Regardless of whether you are looking for acres of diamonds and fortunes or you simply wish to improve your present financial circumstances, this is quite a useful story/ metaphor to help us mine our own acres of diamonds. Sometimes, we just first need to focus and manage what “assets” we have rather than pursuing the acquisition of new “assets”. 

Perhaps some of the following questions might help you mine the acres of diamonds beneath your feet:

  1. Am I doing my current job to the utmost of my ability and professionalism?
  2. What don’t I see? What opportunity am I overlooking right now that’s right in front of me?
  3. Am I managing my current income, expenditures and budgeting as well as I should?
  4. Am I building a solid foundation of wealth from what I currently have before I pursue other assets or sources of income?
  5. Do I know all I can about building wealth, the different asset classes, potential sources of income and managing cashflow, saving and investment principles, how to develop an abundant mindset, etc?

 

Read the Complete Acres of Diamonds Story Here

 

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