#95 - Golden Goose Fable
Once upon a time, a man and his wife had the good fortune to have a goose which laid a golden egg every day. Unfortunately, they soon began to think they were not getting rich fast enough. They imagined that if the bird is able to lay golden eggs, its insides must be made of gold. They thought that if they could get all that precious gold at once, they would get filthy rich very soon. So, the man and his wife decided to kill the bird. However, upon cutting the goose open, they were shocked to find that its innards were like that of any other goose!
Moral of the story – think before you act, do not let your greed cloud your judgement.
What if I told you that you could build and grow your golden goose, which produces money for you?
Passive cash flow is the income that trickles into your bank account 24 hours a day, 365 days a year. Having a strong passive cash flow allows you to live freely and live life on your terms. It encourages you to broaden your horizons, find your passion and share your knowledge with others. Most Individuals are convinced that they want a successful career in IT, HR, Finance, or Marketing, when in fact, all they really want is passive cash flow to support them while they find their true calling in life.
Your investments in land/shares/stocks/business are your own golden goose and cash flow is the egg that it produces. Never kill your golden goose! Put it to work and grow it big and strong so you can live off the eggs. There are countless ways to acquire assets, but understand it takes time and requires knowledge to build and grow assets.