Tuesday, September 29, 2009

the faithful little dollar story.

i remember i was tired,

i don't think i had even showered yet. i had returned home after another long hot hard day contracting and was sitting in a lounging chair in front of our house. i do this to reflect on what went good and what we could change to make the business better. my wife was on her way out and excitedly ran up to me with a piece of paper in her hand.

"here honey look!" she passed me the paper, and i had a look at what was on it.

i was a small financial statement almost like a cheque stub. i read to the bottom where the calculation ended. it showed $1.20 to the positive.

i asked what this was, and she told me it was her passive income cheque.

i stopped for a second and read the statement again, it still said $1.20.

"you get a dollar and twenty cents every month as passive income?" i asked slowly.

she replied yes, and i thought some more. $1.20 does not sound like much, but then i thought what does my passive income cheque look like? i realized that after all this time investing and doing business...

i did NOT have a passive income cheque.

Since i first learned about passive income in 2006 after reading the book rich dad poor dad, i began a study of prosperity, and a journey of learning. the first thing i did was to quit my job, and start a business that i (we) could learn the most we could in the shortest amount of time.

i sat there in my chair looking at the cheque, we had spent over $100,000.00 on the business, various investments, seminars and courses. all of this relating directly personal growth, freedom and unlimited income potential.

it is almost three years later now, and i did not even have one passive income cheque... but she did... $1.20. it does not sound like much, but when you compare that number to zero, it is an enormous amount of money, and she did it with only two months work.

asked her if this was truly passive, and she said it was.

i asked if she had to do any regular maintenance to keep this coming in, she said she didn't.

i asked if she died tomorrow, would this $1.20 keep coming month after month?

she said yes, it would.

BOY! for the next three days this was all i was thinking about. my mind was racing. i was saying things to my self like:"is that how easy it is?", "what have i been doing all this time?"," i don't even have a dollar a month!". i was talking to almost anyone who would listen.

my wife and i had set out three years ago to buy and build income producing assets, with the intention of replacing my income.

somewhere along the way i forgot to focus. i forgot that it was easy. i got lost in the learning.

you see, i like to learn something new. perhaps it is just the immediate gratification part of me that when i see something new, i want to learn more about it and this is why i got lost.

i phoned a few people and talked to them about the cheque and what it means to them and tried to relate what it meant to me because i did not know what it was about the cheque, because i was floundering for meaning.

i went to talk with my brother in law to set me straight. you see he built a multi-million dollar business that was in a terrible mess of a breakup. he was headed back out of the country the next day and i wanted to hear what he had to say about this tiny little $1.20.

i asked him if after all he has been through with his business, and now sitting here with me if he has a cheque waiting for him every month. he said no, he did not build this business for that reason, he built it for the payday at the end of everything. after explaining why i was making such a big deal about the cheque, he said yes, it is that easy and now it is time to move on to the next step.

you see, it was both he and i who gave the compounding lesson to my nephews a couple of months earlier and it was based on the fact that you send a dollar out 'there' and have it come back with another friendly dollar, and those two go out and bring back two more and so on.

and my wife actually did it.

here i was sitting with the faithful little dollar in my hand that my wife had trained to come back to us every month. she had done what i and my brother in law could not do. all she did was work hard learning how to do it for a couple of months and apply her training and wait for the dollar to come back.

i write this only to let you know that it is easier than you think, always.

this is something that i forgot about and would like to pass on: ' the more difficult you may think something is, it will be and the easier you think something is, it will be.'

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