Back in the day when I was early on into my fishing career I was hauling in a gillnet full of roe herring. We were in a small two man open boat. It was a simple, crude arrangement and probably a starter boat for the man I was working for.
He looked at the net, looked at the fish and smiled at me.
"That's new money," he said. "Nobody has ever seen that money before. We're the first people to look at it."
For a second I thought he was crazy but realized that it was money. It just hadn't been converted to cash yet. It certainly was new money, too. The two of us were the first people to ever see in.
Every single one of those fish was money in my pocket. Of course individually it wasn't much but added up it became a pretty good paycheck for a few hours worth of work.
Later the time I fished halibut I could figure out some idea of my settlement as I went along. We were supposed to get $1.50 a pound for it and you could estimate the weight and figure out your share of the fish. A 100 pound fish meant $150 total. That meant about $20 in my pocket. All new money.
It's the same for a lot of other basic producers. The first two that come to mind are oil and produce. The oil coming out of the ground and the produce farmers grow is new money and they are the first to see it before it is taken to market and converted to cash.
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