Tuesday, June 15, 2010

The Mexican Fisherman

I was looking for this story after having read it in some book...:

here's the link to three different Fisherman versions. I'll leave you with one.

The American Dream

An American businessman was standing 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 yellowfin tuna. The American complimented the Mexican on the quality of his fish.

"How long it took you to catch them?" The American asked.

"Only a little while." The Mexican replied.

"Why don't you stay out longer and catch more fish?" The American then asked.

"I have enough to support my family's immediate needs." The Mexican said.

"But," The American then asked, "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 a 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, senor."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds you 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 consumers, eventually opening your own can factory. 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 senor, how long will this all take?"

To which the American replied, "15-20 years."

"But what then, senor?"

The American laughed and said, "That's the best part. When the time is right you would announce an IPO (Initial Public Offering) and sell your company stock to the public and become very rich, you would make millions."

"Millions, senor? Then what?"

The American said slowly, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take a siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos..."

It reminded me of what I did last week before I caught a cold. Played some tennis, went swimming, spent time with my kids and took my wife out for lunch. I guess you can do it in a poor fishing village or pretty much anywhere. It's just a lot harder when you have a 200k-500k home mortgage, monthly car payments, 50-100k school loans, and other debt that you have to worry about. We have kept ourselves relatively debt free with the exception of the house payments.

Anyways, set a goal for your life. What would you like to be doing in 5, 10, 15 years from now? What's stopping you from doing it now? Plan ahead!

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