Everyday, Mr. Tan went to work in a local SME in an industrial estate on a sunny little island called Singapore. Mr. Tan was a model employee and was always on time.
Mr. Tan was also rather frugal. He would prepare his own food to bring to work and saved a big portion of his earned income. His biggest fear was to be destitute in his old age.
Mr. Tan always remembered what a famous man called Warren Buffett said:
"We never want to count on the kindness of strangers in order to meet tomorrow's obligations."
Mr. Tan was a regular guy and didn't have any dreams of greatness. Sometimes, after a trying day at work, he would wonder if he could stop going to work and still receive an income? Being rather practical, he dismissed it as wishful thinking.
Then, one day, he had a conversation with the accountant in the company he worked for. In the conversation, the accountant said that the company had to pay rent and salaries every month but the difference was that the landlord didn't have to work for the money while they had to.
Get paid every month?
Didn't have to work for the money?
A few years later, Mr. Tan still worked in the same local SME in the same industrial estate on the same sunny little island called Singapore. A big difference was that some of the rent paid by the company every month to the landlord ended up in Mr. Tan's bank account regularly, enough for Mr. Tan to stop working for a living if he had wanted to.
Now, how did that happen? Let me ask my bowling ball.
Building and preserving our wealth.