Do you have ‘enough’?
You may know the story of a dog called Fable. For those that don’t and cannot be bothered to Google it, here is a synopsis…
Fable, a dog, was carrying a piece of meat in his mouth to eat it in peace at home. On his way he had to cross a bridge. As he crossed, he looked down and saw his own reflection in the water. Thinking it was another dog with another piece of meat, he made up his mind to have that also. So, he made a snap at the shadow in the water, but as he opened his mouth, the piece of meat fell out, dropped into the water and was lost.
Poor little Fable; he was originally content with his lot, saw an opportunity to double what he had, took it and lost it all. This is something I have seen happen to many different people; to successful people, to smart people, to ‘wealthy’ people.
So, the question really is, how much is enough? How much money do you need for the rest of your life to be completely content with your lot? Hard to argue that would be a very valuable thing to uncover.
However, in my experience, even after working this out for someone, they will be tempted to take that opportunity to double, triple or even 10x their lot. But at what cost?
So, the first and most important question, before working out how much is enough, should really be “what do you want your life to really look like?”. Answering this, before working out how much that is going cost, then making a plan to achieve that number and sticking to it, will enable you to skip on by that river, without even noticing a reflection, and instead look up at the beautiful sky and whistle on home to eat your meat.
Alfie Mullan, July 2018