The Psychology of Money

Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way….

…. Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.
— Read on www.collaborativefund.com/blog/the-psychology-of-money/

Is enough, enough?

When is enough enough? How long are we delaying our lives as we struggle for someone else’s picture of perfection? How many more years should we put into building a fortune, for our old age? We all need to read the story below na make up our one minds.

The Mexican Fisherman and the Investment Banker (Author Unknown)

An 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 yellowfin 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 didn’t he 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 siestas with my wife, Maria, and 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 have an MBA from Harvard, and can help you,” he said. “You should spend more time fishing, and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, and eventually you would have a fleet of fishing boats. Instead of selling your catch to a middle-man, you could sell directly to the processor, eventually opening up your own cannery. You could control the product, processing, and distribution,” he said. “Of course, you would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles, and eventually to New York City, where you will run your expanding enterprise.”

The Mexican fisherman asked, “But, how long will this all take?”

To which the American replied, “Oh, 15 to 20 years or so.”

“But what then?” asked the Mexican.

The American laughed and said, “That’s the best part. When the time was right, you would announce an IPO, and sell your company stock to the public and become very rich. You would make millions!”

“Millions – then what?”

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

Source: http://renewablewealth.com/the-parable-of-the-mexican-fisherman/

I came across this story while reading: https://m.signalvnoise.com/enough-1d48019c7335

Tribe of Mentors: Quick Review

The book contains 100+ interviews with highly successful people, the mentors. These people share their best advice and struggles.

If you don’t like reading, this is the perfect book for you. You can start at any point and stop where you like.

In this book Tim Ferris asks all mentors the same set of questions. Some people chose to only answer a subset of the question and others used their creativity to see the questions from a different perspective, which I found most interesting.

Tribe of Mentors contains various interpretations of the word “success”: Financial, professional and health to name a few. You will find that, not all the interviews appeal to you, but there are quite a few pearls of wisdom.

There were so many commonalities between the answers. One of the more noticeable things were Meditation, they all practice some form of it.  It was also interesting to see lots of repeating advice, which shows that there are only a hand full of fundamentals that you need to practice in order to become successful.

One thing I really don’t like about this book is that it consists primarily of Americans, to truly be a tribe you need people from the African continent. Well not really, but you know what I mean. I would have loved a more global approach.

The most Important habits that almost all the mentors practice are:

  1. Reading
  2. Meditating
  3. Exercising

I also learnt about a few interesting products:

 

I have taken some more notes that I will share with you going forward. This will cover the top quotes, best advice and top interviews from my perspective.

My favourite. quote from this book, which really bring everything together is:

“It is the quality of your relationships that determine the quality of your life” – Esther Perel

Fearless right doing

The article in a local newspaper from a political leader honestly and openly speaking out. Speaking out knowing that persecution will come. Knowing that what he is doing will be frowned upon and even ridiculed by those so close to him. 

Our country is going through a challenging time politically, which affects many aspects of our lives as South Africans. 

I honor people who speak up for what is right.

Good men cannot be silent in the face of evil. Silence is connivance

Read full article here: http://www.iol.co.za/news/opinion/mathews-phosa-this-was-my-damascus-moment-7831409

Oh I have a .blog

Get.blog, a new top level domain focused on people who are really interested in blogging. It’s a nice way to say, hey this is just another blog.

I’m actually blessed to have this domain as being part of Automattic allowed me to beta test the process and reserve this domain name: dwain.blog.

The name is somehow helping me to realise that this blog is my own and I can put out anything that’s on my mind (that I feel should be public). I’m a small scale blogger and I love it. No pressure and no need to be impressive. Writing is a skill and practice makes perfect.

Let’s get this Hippo started

Ready set go, The Hippo’s party is starting earlier than what you might expect. WooCommerce 2.3 is readying itself behind the scenes for a few awesome leaps forward on the e-commerce dance floor. 

With this in mind a few of the WooThemes members have decided to take part in the Handsome Hippo blog competition. The winner this year gets … drum roll … nothing. We simply get a pat on the back and a few mentions on twitter, but beating the rest of the WooThemes theme is a reward enough.

I’ve decided to take part in this competition for a few reasons:

  1. I would seriously like to be more active on dwainm.com
  2. I think celebrating the release of the Handsome Hippo before it arrives is a great start to the party.
  3. I have a few draft posts in the bag (Don’t tell the others )
  4. I think it is a really awesome idea. We had a competition last year but I was not ready to take part.

The Rules of the completion are :

  • It starts today. Right now.
  • It’s until Christmas, so the last post should be on the 24th of December.
  • Posts can be scheduled for the future, but not back-dated.
  • Posts must be at least 250 words.
  • Can be about anything.
  • Bonus Points! You should try include a GIF in every post.

At the end I should have 30 plus new blog posts with awesome content related to Work/Life, WordPress, Development and many more interesting posts which I believe you’ll learn a lot from. 

Please follow me on twitter for daily updates and links for these blog posts. 

hippo-dance-o