Daily Archives: April 12, 2012

Why Can’t I Wear a Pinball Machine?

I want a pinball machine.

What I actually mean by “I want a pinball machine” is “I want a passive income stream that I can snowball into wealth”.

Chances are a handful of you have already read The Snowball, a book on the life of Warren Buffet. The guy is an investing genius, no doubt, but he needed a couple snowflakes to get the ball rolling in the first place. The guy had some serious hustle as a kid! One of the things he did as a boy was buy a pinball machine, and set it up at a local business. Instead of spending the money he made off it, he put the money towards buying more pinball machines. Genius I tell you.

Why can't you make me money???

One of the things that made Buffet so wealthy is the fact that he didn’t have a problem turning down “things” in favour of making more money. Me on the other hand…. well… lets just say that if I never had a problem doing that then I wouldn’t have this blog.

You are not a purse, you are a Hawaiian retirement condo. You just don't know it yet.

I devoured The Snowball cover to cover when I bought it. I found it absolutely fascinating! By the time finished it, I had come to one very important conclusion:

I am not, and will never be, Warren Buffet.

The man has spent his life relentlessly pursuing money, to the point that it impacted his family life. It made him unbelievably wealthy.

I have every intention of being wealthy one day, but not that wealthy. I don’t need to be that wealthy. I’m not going to say I wouldn’t want to be that wealthy; if someone came up to me and said “Here, I want you to take this money so you too can be as wealthy as Warren Buffet”, I certainly wouldn’t turn them down. I just don’t need it though.

You are not a trench coat, you are a million dollar investment account!
.....
Crap, I already bought you.

I will be a millionaire one day. I’m not even going to question that, I’m just setting it as a goal to make sure it happens. Billionaire? Nope. Not unless I invent something that’s absolutely life changing and make a small large fortune off it.

For now, I’m going to continue struggling with constant pull of material things. Designer vs. Dividends. Securities vs. Shoes. Cash vs. Clothes. I’ll win sometimes and I’ll lose sometimes, but I’ll keep up the good fight. More specifically, I’ll keep up the good fight on my primary income while other income streams will go towards building wealth.

And I’m looking for my pinball machine.

Recommended Reading: Are you a shampoo abuser?