Financial freedom and early retirement is easier than you think
Here's what the parable of the Mexican fisherman and the American investment banker can teach you
/THREAD/
Here's what the parable of the Mexican fisherman and the American investment banker can teach you
/THREAD/
An American investment banker was on vacation in a small coastal Mexican village when a small boat with just one fisherman docked
The boat had several large, fresh fish in it
The boat had several large, fresh fish in it
The investment banker was impressed by the quality of the fish and asked the Mexican how long it took to catch them
The Mexican replied, “Only a little while”
The banker then asked why he didn’t stay out longer and catch more fish?
The Mexican replied, “Only a little while”
The banker then asked why he didn’t stay out longer and catch more fish?
The Mexican fisherman replied he had enough to support his family’s immediate needs
The American then asked, “But what do you do with the rest of your time?”
The Mexican fisherman replied:
The American then asked, “But what do you do with the rest of your time?”
The Mexican fisherman replied:
“I sleep late, fish a little, play with my children, take a siesta with my wife, stroll into the village each evening where I sip wine and play guitar with my amigos.
I have a full and busy life, señor.”
The investment banker bragged:
I have a full and busy life, señor.”
The investment banker bragged:
“I am an Ivy League MBA, and I could help you.
You could spend more time fishing and with the proceeds buy a bigger boat, and with the proceeds from the bigger boat, you could buy several boats until eventually, you would have a whole fleet of fishing boats.
You could spend more time fishing and with the proceeds buy a bigger boat, and with the proceeds from the bigger boat, you could buy several boats until eventually, you would have a whole fleet of fishing boats.
Instead of selling your catch to the middleman, you could sell directly to the processor, eventually opening your own cannery.
You could control the product, processing, and distribution.”
You could control the product, processing, and distribution.”
He then added:
“Of course, you would need to leave this small coastal fishing village and move to Mexico City where you would run your growing enterprise.”
The Mexican fisherman asked, “But señor, how long will this all take?”
To which the American replied, “15-20 years.”
“Of course, you would need to leave this small coastal fishing village and move to Mexico City where you would run your growing enterprise.”
The Mexican fisherman asked, “But señor, how long will this all take?”
To which the American replied, “15-20 years.”
“But what then?” asked the Mexican.
The American laughed:
“When the time is right you would announce an IPO and sell your company's stock to the public and become very rich. You could make millions.”
“Millions, señor? Then what?”
The investment banker replied:
The American laughed:
“When the time is right you would announce an IPO and sell your company's stock to the public and become very rich. You could make millions.”
“Millions, señor? Then what?”
The investment banker replied:
“Then you would retire.
You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take a siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take a siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
The Lesson?
Sometimes all you want is what you could already have
Time and happiness are more important than success and money
Thanks to @austin_rief for sharing this story
Sometimes all you want is what you could already have
Time and happiness are more important than success and money
Thanks to @austin_rief for sharing this story
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