Singapore Man of Leisure14 December 2020 at 00:01:00 GMT+8
Well, you figure it out.
Is it better to be a landowner that can afford to pay multi millions to a CEO?
Or is it better to collect multi millions as a CEO sellsword ;)
The rule of thumb is for every dollar you pay a CEO, as a landowner, you would expect him to earn ten dollars back for you.
Anything less, you kick him out!
The definition of "passive" differs whether one is landowner, shepherd, or sheep:
Landowner - Exchange gold for talent. Practices To Insure Performance (TIP).
Shepherd - Exchange gold for time. Why do it yourself when you can pay others to do it for you?
Sheep - 5 minutes a day. No brains needed. Outsource thinking to others. Just follow blindly.
(1) a wry smile and chuckle!
Do you have an ideal job? I believe many don't; but the job still provide a steady stream of income and help you to make a living and pay bills.
From CEO's Mouth themselves
Do you think that CEO is an ideal job?
My ex-boss was a very ambitious man and worked his way up the corporate ladder and one day was head-hunted to become CEO of another company.
At one Chinese New Year gathering of old colleagues, he said that how he wish he could retire early and doesn't have to face the stupid board?
A wry smile and chuckle probably happen at every pay day; but not necessary at every year end review and performance appraisal when these CEOs are NOT business owner with 100% shares as Pte Ltd.
When CEOs have boss or bosses who will set KPIs; do performance review and performance appraisal for their bonuses and salary adjustment; they are never business owner but employees or self-employed. When they didn't meet the Mark; they get f.... for not performing. When their ego are badly hurt then they may be thinking of getting out of rat race or retire!
Another CEO of listed company in SGX said publicly at SIAS seminar that he has regretted taking his company public. You can guess why?
Can we become competent investor?
Many, many, many more can become competent investors. We just need more and more capital and our account size really matters.
Capital comes from our saving through our earned income!
That is why more and more people are seeking financial independence!