Wednesday, March 9, 2011

Money Machines

An Aesop fable:


A Man and his Wife had the good fortune to possess a Goose which laid a Golden Egg every day. Lucky though they were, they soon began to think they were not getting rich fast enough, and, imagining the bird must be made of gold inside, they decided to kill it in order to secure the whole store of precious metal at once. But when they cut it open they found it was just like any other goose. Thus, they neither got rich all at once, as they had hoped, nor enjoyed any longer the daily addition to their wealth.

This fable can be translated in our everyday lives. I know, one way or another we came across a goose that laid the golden egg. An example is the bonus we get every Christmas. The money should be saved because it is extra money. This can be kept in an investment facility that will give the owner golden eggs (interest). But what do common people do? Upon receiving the money they go and shop until the money is all gone. It’s like having the goose and killing it at once.

What if we change the story a little bit?

The Man and his Wife did not kill the goose but let it lay eggs. They incubate the eggs and produced goslings. These goslings grew and became geese which lay new sets of golden eggs. This goes on and on until they were able to produce more geese to produce more golden eggs. And then they were able to accumulate money machines. The Man and his Wife were able to find financial freedom and retired comfortably.

Is this story possible? Yes, of course. But it requires a lot of time.

How many of us are able to wait long? How many of us are willing to procrastinate? How many of us are willing to sacrifice now to enjoy later?

~Till then.

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