Investing Psychology Let me share an inspirational story with
you, a metaphor which was the catalyst of my personal growth
financially and my very own paradigm shift.
Busy working or being financially productive!
Once upon a time a very strong woodcutter asked for a job in a
timber mill, and he got it. The pay was really good and so were
the work conditions. For that reason, the woodcutter was
determined to do his best. His boss gave him an axe and showed
him the area where he was supposed to work. The first week, the
woodcutter cut down 18 trees. "Congratulations," the boss said.
"Continue going that way!"
Very motivated to hear the boss' words, the woodcutter tried
harder the next week, but he only could bring 15 trees. The
third week he tried even harder, but he can only cut down 10
trees. Week after week he was cutting down less and less trees.
"I must be losing my strength", the woodcutter thought. He went
to the boss and apologized, saying that he could not understand
what was going on. "When was the last time you took time out to
sharpen your axe?" the wise boss asked. "Sharpen my axe? I had
no time to sharpen my axe. I have been too busy trying to cut
trees..." The next week after learning this valuable lesson from
his boss the woodcutter went and did a joint venture with a
chainsaw company and was able to broker a deal with the timber
mill where he made a percentage of the increased profit as a
result of any productivity increases. Armed with his new
education and strategies he was able to cut down 180 trees a
week and retired in just 7 months.
In life we go to work on auto-pilot, year after year. We then
become so institutionalised that we lose our faculty of
thinking, become a warehouse of facts and retire broke. All
because we simply never sharpened our financial minds and
exploited cash flow opportunities that were present all along.
Thankfully, the woodcutter story had a magical happy ending. The
Latin phrase known to most Stock Market Traders is "Carpe Diem."
It means seize the day. How much longer are you going to wait
around for the perfect wealth creation system?
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