Retire In Reverse & Live Your Best Life Today | Ali Abdaal

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• 00:00

  Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

• 00:09

  What were the keys for you to switch your mindset from just having one stream of income with your career to having passive multiple streams of income?

• 00:18

  I can probably trace it back to when I was 17 years old and I first read the four hour work week and came across the idea of passive income and immediately my mind was blown.

• 00:27

  It seemed to put a terminology on something that I'd sort of been feeling anyway that just the traditional career path of medicine maybe wasn't quite for me but it was reading that book The Parable of the Mexican Fisherman which he talks about as well that made me realize okay what I really want to do is I want to do medicine for fun and then I want to make enough money to sustain myself through multiple streams of income.

• 00:47

  The parable of the Mexican fisherman is one of my favorite stories.

• 00:51

  The story is that there's an American investment banker and he goes to this small coastal Mexican fishing village and he sees this Mexican guy on the boat and the guy's like fishing a few fish and he has some of the fish he's like oh this tastes amazing and the guy's like yeah you know it's it's enough to support my family's immediate needs.

• 01:07

  And the American asks, well, why don't you go and fish more?

• 01:10

  Like, why are you only fishing like five fish a day?

• 01:12

  And he says, well, you know, I'm quite happy.

• 01:14

  I'm making good money.

• 01:15

  I get to spend time with my family.

• 01:17

  I get to have a nap in the afternoons.

• 01:19

  I get to go down to the pub in the evenings to play the guitar with my amigos.

• 01:23

  And then the American investment banker like goes on some big rant about how he's a Harvard MBA and he can kind of transform this into a business empire and how he can then get the Mexican to move to New York and then open up his own warehouse,

• 01:35

  open up his own like empire and eventually make millions, 30 years down the line.

• 01:38

  And then the kind of long story short, the Mexican kind of, you know,

• 01:41

  asks the American, okay, what next, what next, what next?

• 01:43

  The clincher at the end of the story is that the American says, well, that's great,

• 01:47

  you know, once you're 65, then you can retire and you'll have all that money.

• 01:51

  And then you'll be able to live in a village, you'd be able to like have a nap with your wife,

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