Do You Really Know What Money is All About?
Thoughts of money, especially lack of it, dominate our minds every day. Many people (rich and poor) all over the world worry about money. Unfortunately, many do not know the real purpose of Money. Do You?
My friend Ray Smith sent this short piece about money into my mail box many years back. It found it thought provoking and worth sharing...
Thoughts about money and the lack of it dominate many people's minds each and every day. Many people (both rich and poor) all over the world spend much time worrying about money. But how many of us truly understand the real purpose of money?
If someone was to ask you what the real purpose of money is, you would most likely wonder why they are asking you such a self-evident and obvious question.
Here is a short and true to life story that demonstrates that many people who think they understand the purpose of money, and make their own living by giving others their advice on this subject, really do not have the faintest idea of the real purpose of money at all. They have in many cases fallen into an old trap which has put them in a state of self-delusion regarding it.
An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked him how long it took to catch them.
The Mexican replied "only a little while".
The American then asked why didn't he stay out longer and catch more fish.
The Mexican said 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 said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos. I have a full and busy life."
The American scoffed, "I am a Harvard MBA and could help you. You should 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; eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise."
The Mexican fisherman asked, "But, how long will this all take?"
To which the American replied, "15-20 years."
"But what then?"
The American 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 would make millions."
The American said, "Then you would retire. 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 amigos."