In science, we define a simple machine as something that multiplies a force (its magnitude) or change its direction.
In below powerful story by Bo Sanchez (take from his book Choose to be Wealthy), you'll have an idea how you can start creating machines that will multiply your money and give you more money.
When I think of it, the richest people here on earth became very wealthy because of their one great skill - that of creating various money machines.
One good thing about machines is that once it starts running, it can keep on running.
This is one of the obvious reasons why the rich become richer: they can simply create more money machines with their money to create more money that will create more money machines that will create money that will create.. (you get the point).
As one premise of this blog, I suggest that you start making other cash machines than just relying on one source of income. (clue: Think of your talent & hobby).
Worse, you might be wasting your time doing all the analysis about stock market that you forget the main reason why you've started investing in the first place.
Ask: Do you have the Size (amount of fund)?
Ask: Do you have the Expertise?
Ask: Do you have the Time?
Unless you have a clear paradigm of your investing plan, one simple external tip can destroy your plan in achieving your goals if you don't have a well defined plan and acts on just anything that comes across your way.
At the end of that day, it's all about goals, time and risk.
Have fun investing (while creating more money machines)!
Omeng
***
Do You Want Golden Eggs or Golden Chickens?
One day, a huge alien ship arrived on planet Earth.
The aliens on the ship surveyed humankind and were so moved by the poverty they saw. They pitied the poor so much, they decided to help. They left behind one of their
very special chickens.
Looking around, the aliens chose Mang Pong, a very poor farmer, to receive their wonderful gift. And in the middle of the night, they teleported this chicken to the backyard of Mang Pong. And in a blink of an eye, the ship rocketed away to a far, distant galaxy.
When Mang Pong woke up the next morning, he discovered the strange-looking feathered creature at the back of his little hut.
“Where did that weird animal come from?” Mang Pong asked. “It’s extra-large and has golden-colored wings!”
But then something even weirder happened. When the chicken stood up, Mang Pong saw a shiny egg underneath it, glimmering under the sun. The chicken just laid a golden egg!
Boy, was Mang Pong excited.
He rushed out, sold the golden egg and bought lots of food, new clothes and new furniture for his tiny house.
Life was great that day!
The following month, Mang Pong couldn’t believe his eyes. Because the chicken laid another golden egg! So he ran to town, sold again the golden egg, and bought an iPod, a laptop, a Jacuzzi and a 60-inch plasma TV. Ah yes, life was becoming very sweet for Mang Pong.
And when the third month came, he already expected the egg. And he sold the golden egg and bought more stuff.
But the next day, Mang Pong grew very impatient.
He realized that he had to wait for another month for the next egg. But he wanted buy his own personal helicopter and his very own private helipad. He badly needed more golden eggs.
And then he had a brilliant idea — or so he thought.
You see, Mang Pong wasn’t very bright. He said, “Where are these eggs coming from? From
inside the chicken!”
So he grabbed the alien chicken, got his sharpest knife, and cut it open.
But alas, Mang Pong didn’t find a single golden egg inside.
And the alien chicken was now dead!
Mang Pong cried at the loss of his chicken and all her golden eggs.
And slowly, the farmer had to sell his clothes, his furniture, his iPod, his laptop, his Jacuzzi, and his wide screen TV.
And in a year, the farmer became very poor again.
One day, as he walked around town depressed, he met one person who had become very rich.
And the man was thanking him profusely.
“Why are you thanking me?” he asked.
“Remember the golden egg you sold me?” he said.
“Yes, of course,” Mang Pong said.
“Well, the egg hatched…” he said.
“What do you mean the egg hatched?” the farmer asked.
“I placed it in an incubator. After 12 months of care, it hatched and out came a chicken. A very special chicken. It’s extra-large and has golden wings. But more importantly, it lays golden eggs!”
Mang Pong could only stare in disbelief.
Every egg he sold — given the right conditions — could have become a chicken.
Oh, if only he kept the eggs and made it hatch — then he would have had many chickens laying golden eggs for him every day.
After many years, the alien ship returned to planet Earth.
They were happy to discover some had become wealthy.
The rich were those who owned chickens that laid golden eggs.
But they were also sad that many remained poor, including Mang Pong.
Money or Money Machines?
This is the story of many poor people.
The poor prefer golden eggs (money) rather than the chicken that lays them (money machines).
Remember this lesson: Every golden egg has a chicken inside.
Do you have money right now?
Inside every coin and paper bill is a money machine.
You just need to “incubate” it for sometime.
So you always have a choice.
You can “spend” the egg or you can make the egg become a chicken.
***
PS: A MESSAGE FROM MASTER AYA LARAYA...
Just the other day, I saw a post on a Facebook group telling that he followed the advice of selling his stocks at a LOSS because the stock market has entered the bear market. If you are a long-term investor, why do that? Shouldn’t you be happy and buy more shares at a bargain price?
Please remember that this is YOUR money that we are talking about. You worked hard for it. The people giving tips have nothing to lose even if they give you wrong recommendations.
I highly advise that you do not blindly follow tips from people you do not know.
You don’t just ask for medical advice from anyone on the internet right?
YOU make the decisions about your investments.
Do not be impressed with photos of portfolios showing impressive results or technical charts showing that it’s the end of the world of stocks.
Go back to basics. Do your research. Ask questions. Learn. Make sure the research and recommendations that you get come from experienced and licensed professionals and organizations.
Always, always be a smart investor!
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PS3: Share your thoughts about the story above.
What were your insights? Anything you realized? Let me know okie okie? :)
Dream big then start small.
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