The investment banker was impressed by the quality of the fish and asked the fisherman how long it took to catch them. The fisherman said, "Only a little while." The banker then asked why he didn't stay out longer and catch more fish?
The fisherman replied he had enough to support his family's immediate needs.
The investor then asked "But what do you do with the rest of your time?"
The fisherman replied, "I sleep late, fish a little, play with my children, take siesta with my wife, stroll into the village each evening where I sip wine and play guitar with my friends: I have a full and busy life."
The investment banker scoffed, "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. 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."
Then he added, "Of course, you would need to leave this small coastal fishing village and move to another city where you would run your growing enterprise."
The fisherman asked, "But, how long will this all take?"
To which the investor replied, "15-20 years."
"But what then?" asked the fisherman.
The laughed and said, "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You could make millions."
"Really? Millions? 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 siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your friends."
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My note on this parable. It does not take a lot of money just to have wealthy life.
I got this story from one of my online financial mentors Todd Tresidder. He is good is giving out a lot of advice from financial literacy up to personality development just like Bo Sanchez.
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Thanks!
Regards,
Elvin Peria
Mobile : 09165169873
email : elvinperia@yahoo.com
website : http://pinoyfinancialstrategies.blogspot.com/ and http://bit.ly/eperia
Edel Ramilo
Mobile : 09275001118
email : ramilomem@gmail.com
website : http://pinoyfinancialstrategies.blogspot.com/ and http://bit.ly/edelramilo
