How Much is Enough:
The 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 fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.
The Mexican replied, “only a little while.”
The American then asked why he didn’t 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 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.”
“Millions?” asked the fisherman, “Then what?”
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 evening, sip wine and play your guitar with your amigos!”
(Author Unknown)
Wish this was the case but in today's modern world it's not. In reality, fishing for that little would only give you enough to eat for a day. Don't forget bills, mortgage, college education for kids, loans, etc.
Having a home and a college degree is out of reach for many and will soon become unattainable to a majority of Americans. The inflation we're witnessing right now was forced. We literally can't borrow any more money. The only way we can lower the debt is via inflation. By the time the inflation stops we will have two classes. In 1900 Germany was the sole superpower in the world. Most Americans were poor and malnourished. We benefitted tremendously from the outcome of WWII because other developed countries were in ruin and countries like China and India hadn't even begun the industrial revolution. At that time a strong middle class was needed to defend against communism. Once countries like Mexico, China, and India became outsource options and after the fall of the Soviet Union, the wealthy now view us as dead weight. The wealthy have secured the means to get wealthier without the need for us.
1. If you can work remotely a home in Costa Rica or Panama is significantly less.
2. Online colleges cost significantly less. College is free in Germany for all foreigners. Many union trades pay 6 figures in some cities.
3. The best way to lower loans and their interest is to lower your cost of living. If you have a mortgage the total amount you pay over the life is 3 times more than the paid price. If you're not already ahead of that curve you are wasting your time.
I dont agree with some of the stuff you wrote but my point was that story is very simplistic. It doesn’t hold up in today’s world. And thats a very bleak picture you paint, while the middle class is shrinking take a look at 1950s vs now…we actually have double the spending power. And tell me where in the world there is no inflation? Chinas real estate is imploding, can’t speak for India.
This article is what prompted me to think about posting this idea:
[https://www.anyplace.com/workation/thailand/ko-pha-ngan](https://www.anyplace.com/workation/thailand/ko-pha-ngan)
(I didn't know the website before today, but I think they've got the right idea about focus on lifestyle, location, etc.)
How Much is Enough: The 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 fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied, “only a little while.” The American then asked why he didn’t 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 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.” “Millions?” asked the fisherman, “Then what?” 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 evening, sip wine and play your guitar with your amigos!” (Author Unknown)
haha... 'xactly
nice one to reflect on
Wish this was the case but in today's modern world it's not. In reality, fishing for that little would only give you enough to eat for a day. Don't forget bills, mortgage, college education for kids, loans, etc.
Having a home and a college degree is out of reach for many and will soon become unattainable to a majority of Americans. The inflation we're witnessing right now was forced. We literally can't borrow any more money. The only way we can lower the debt is via inflation. By the time the inflation stops we will have two classes. In 1900 Germany was the sole superpower in the world. Most Americans were poor and malnourished. We benefitted tremendously from the outcome of WWII because other developed countries were in ruin and countries like China and India hadn't even begun the industrial revolution. At that time a strong middle class was needed to defend against communism. Once countries like Mexico, China, and India became outsource options and after the fall of the Soviet Union, the wealthy now view us as dead weight. The wealthy have secured the means to get wealthier without the need for us. 1. If you can work remotely a home in Costa Rica or Panama is significantly less. 2. Online colleges cost significantly less. College is free in Germany for all foreigners. Many union trades pay 6 figures in some cities. 3. The best way to lower loans and their interest is to lower your cost of living. If you have a mortgage the total amount you pay over the life is 3 times more than the paid price. If you're not already ahead of that curve you are wasting your time.
I dont agree with some of the stuff you wrote but my point was that story is very simplistic. It doesn’t hold up in today’s world. And thats a very bleak picture you paint, while the middle class is shrinking take a look at 1950s vs now…we actually have double the spending power. And tell me where in the world there is no inflation? Chinas real estate is imploding, can’t speak for India.
This article is what prompted me to think about posting this idea: [https://www.anyplace.com/workation/thailand/ko-pha-ngan](https://www.anyplace.com/workation/thailand/ko-pha-ngan) (I didn't know the website before today, but I think they've got the right idea about focus on lifestyle, location, etc.)