Every bad business move that doesn’t break us makes us smarter.
If you could try and fail without going broke, how long would it take you to try and succeed?
Imagine being able to sit inside the safety of your own moat, in your castle, with your expenses paid and the drawbridges up and locked. Imagine being able to live comfortably while you think and plan your next strategy, never having to worry about making a living or having a J.O.B.
Do you think you would come up with a good idea? Do you think you would be rested?
Do you think you might even get restless? Do you think you might be ready to engage in an endeavor, an adventure, with energy and vision and vigor, outside the castle walls and the moat?
Now, imagine that one day you have this great idea you are dying to try out. You’ve calculated everything and you’re ready for your inquisition. You sound the trumpets, drop the drawbridge, and go forth, beyond the safety of the castle walls and over the moat. Without risking the assets that provide for your life inside the moat, you charge out into the world to prove the value of your new idea.
Now, let’s say things don’t go well. The enemy wasn’t where you thought he’d be.
There were too many of them. They had weapons you’d never seen before.
You flee back towards your castle and along the way you gather many arrows in and about your backside. As you race back across the moat and into your castle, the draw bridge is abruptly lifted, closed, and locked.
You are wounded and out of breath but safe again in your sacred place of refuge.
Because you did not risk the assets that pay for the expenses inside the moat, your kingdom is still there for you. You spend time inside your kingdom removing the arrows from your backside.
You spend time healing. You spend time thinking, pondering: What went wrong? You think even more: What did I do and what should I have done?
What will I do different next time? You rest. You replenish your energy and your stocks. You adjust your ideas and your plans.
You create a new, improved plan. The next time you charge outside the gates you are successful.
Instead of returning in a sprint with arrows in your backside you arrive at the drawbridge on a horse that is gingerly walking. You are smiling proudly.
You are traveling with the spoils of war slung over your shoulder.
Your family cheers as you cross the moat. The village celebrates your victory with a fine feast.
Now ask yourself this question: If you had a castle and a kingdom like that one, how long would it be before you were wealthy beyond your dreams?
If you had the income to cover your kingdom’s expenses every month, while you planned and studied and honed your craft, how long would it take to become the person you’ve dreamed of becoming?
If you could fail forward what might your future look like? Would you learn to fly? Start a Church? Learn to play the piano?
Open a sky-diving school? How long would it take you to get where you were at peace? Suffice it to say, you could take all the time you needed!
The real question at that point would be, “Could you even stop it?”
For me, it all started with a modest castle, a relatively small moat, and the passive income to pay for it all. From that position, I’ve been able to fail at things without my whole life going down the crapper.
From that position, when I had ideas that cost more than I’d planned on or that took three times longer than I’d predicted, I was able to ride it out. I didn’t need that extra money to live on.
In fact, if my ideas completely failed and I lost everything I’d put in, I was still okay. Everything inside the moat was still okay, and life there was very sufficient.
The castle represents your safe place of refuge. In the beginning, it is simply the place you survive in reasonable comfort without having to worry about a job.
This has been one of the keystones to my success. I’m well aware that my way is not the only way.
Remember, this is part of a book about my life, so I can only tell of how I did it. But I observe so many people that obligated their first financial successes to huge house payments or such that essentially squashed their ability to chase their real dreams.
So many people are so busy working to pay for their beautiful stuff that they don’t have time to realize their real dreams: To become an expert in a field, to go to college and become that doctor, to become a pilot, or to chase their artistic or their entrepreneurial ambitions or to be philanthropic. I know what it is like to be too busy working to get rich.
Believe me; I know how you can get trapped in that routine. That’s why this concept was such a Revelation for me.
The Moat is what defines your wants and needs. Where are we going to draw the line (or the circle as it may be)? The smaller the moat and the smaller the kingdom, the less passive income you will need to become free.
Being free from your job and free to think is the key. The sooner we don’t have to have a job, the sooner we will be chasing our dreams. The sooner we start chasing our dreams, the sooner we will accomplish or even exceed those dreams. It’s indirectly about money, but more importantly, it’s about self fulfillment.
Can you temporarily suspend your material wants and needs to fulfill your life’s endeavor?
The drawbridge represents passive income, and it is the gate that allows you to move from being content to experiencing growth (financially, spiritually or otherwise). It is the buffer between being comfortable and being challenged.
Contentment is on the inside of the drawbridge, and your dreams and all the wealth in the world are yours for the taking just outside the moat over the bridge. The drawbridge also represents where you draw the line when you are assessing risk.
Once you have it, you never risk what pays for your lifestyle inside the moat! NEVER! Those assets are what make it possible for you to explore and fail without fear of failure. Am I making sense?
The way I see it, there are two ways to become free:
Learn to do without material things and basically shun traditional societal lifestyles or learn to create enough wealth to have the material things you desire and still have time to enjoy them.
You can become a monk, or you can learn to win at the monetary game. I believe that either choice can be accomplished in a Christian fashion. But rolling the dice with everything you own every time you want to try something new is crazy!
I’m certain a town in Nevada called Las Vegas thrives on those who don’t know when to keep a certain amount of victories sacred. The only way you’ll ever win in Vegas is if you leave the table when you’re ahead: Those who don’t get eaten up by the odds.
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