If you run a business, you know how difficult it is to find committed staff. It’s so hard to even get someone to carry out minor plumbing or electrical repairs. Committed employees are hard to find. That said, Let me tell you something remarkable.
I have some of the most brilliant minds in the world today working for me.
And my role as an owner is mostly passive. I have never met any of them. I have never even spoken to any of my employees.
It will probably astonish you to hear their names because you definitely know some of them. They are contemporary leaders like Elon Musk, Sundar Pichai, Mukesh Ambani and Uday Kotak.
How?
Easy.
I buy equity mutual funds.
What are you getting when you purchase equity? You’re acquiring a small part of a company. And there is a lot that comes with that. When you invest, you’re becoming a part owner of some of the best companies’:
· Real estate and other physical assets
· Human resources
· Profits (reflected in stock price increases and dividends distributed)
And if I own a part of Reliance Industries, I’ve employed Mukesh Ambani to work for me.
I expect him to manage the energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles businesses. Mukesh Ambani is an intelligent man who works extremely hard. I would never want his job. Actually, I don’t want any job anymore. However, investing allows me to profit from the prowess, hard work and intelligence of the best CEOs.
Earlier on, I purchased specific shares like Bajaj Finance, Zomato, Nykaa, Oyo Rooms. With that, I hired Sanjiv Bajaj, Deepinder Goyal, Falguni Nayar, and Ritesh Agarwal. I believe you have heard these names, yes?
At present, I acquire equity mutual funds which innately manage my employees. The fund manager automatically promotes and demotes by increasing or decreasing stake in different companies. Since the fund manager drives a team of analysts who research to determine the best stocks to fit the fund’s strategy, if one of my employees outperforms their peers, the fund manager expands my share of their enterprise. If the reverse takes place, the fund manager reduces the portion.
I love the straightforwardness of how this works. I don’t have to focus on the daily executive choices of Sanjiv Bajaj or Mukesh Ambani.
For this well-organized, transparent, ultra-productive management, I pay the Asset Management Company a nominal fee. This is well worth it.
Before writing this post, I spent the morning trekking with family and friends. I also played with my three and a half year old daughter. The personal quality time I spent with my daughter will help her grow smarter, strengthen the bond between us and leave me with a beautiful memory for later years. This is how I want to spend my life.
Financial Independence, Retire Early. Lovely, isn’t it?
The job I would not like to do is to plan Jio’s 5G coverage for 1000 cities or worry about why Bajaj Finserv’s third-quarter profits declined 2.63% when revenue increased 10%. Thank you, Mukesh Ambani and Sanjiv Bajaj for handling that.
It gives me immense contentment knowing that some of the best CEOs today are working for me. I get to chase my dreams and they finance it. They’re slogging away in their offices while I practice Yoga this evening. I’m living the dream life!
There are benefits to separating your work from your finances. When we invest our money, we are putting it to work.
The great thing about money working for us is that it can do it 24*7. It can grow exponentially not just in single digits through annual appraisals.
As mere mortals, we simply can’t work that hard. When our money is working for us, it frees up the time to do the work and activities that give us true joy.
