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Early Retirement SG

The Story Of A Piece Of Paper

24/11/2021

3 Comments

 
So Tom has a piece of paper. (Don't ask why, don't ask what's on it, it's not important.)
Jerry has $10,000.

Jerry offers to buy the piece of paper for $10k.
Tom is willing to sell. 
So Jerry now has the piece of paper and Tom has $10k.

Sometime later, Tom wants the paper back. 
Jerry doesn't want to sell. So Tom says, "Ok. I'll buy 1/2 the piece of paper for $10k."
Jerry is ok with this so Jerry cuts the paper and sells 1/2 to Tom. 
So now, Jerry has $10k and 1/2 the paper, and Tom has 1/2 the paper. 

Sometime later, Jerry regrets selling the 1/2 piece of paper and approaches Tom.
Tom doesn't want to sell. So Jerry says, "Ok. I'll buy 1/4 for $10k."
Tom is ok with this so Tom cuts the paper again and sells 1/4 to Jerry.
So now, Tom has $10k and 1/4 of the paper and Jerry has 3/4 of the paper. 

Sometime later, Tom regrets selling the 1/4 piece of paper and approaches Tom.
Jerry doesn't want to sell. So Tom says, "Ok. I'll buy 1/8 the piece of paper for $10k."
Jerry is ok with this so Jerry cuts the paper and sells 1/8 to Tom. 
So now, Jerry has $10k and 5/8 the paper, and Tom has 3/8 the paper. 

Sometime later, Jerry regrets selling the 1/8 piece of paper and approaches Tom.

Tom doesn't want to sell. So Jerry says, "Ok. I'll buy a 1/80 for $10k."
Tom is ok with this so Tom cuts the paper again and sells the 1/80 to Jerry.
So now, Tom has $10k and 29/80 of the paper and Jerry has 51/80 of the paper. 

Sometime later, Tom regrets selling the 1/80 piece of paper and approaches Tom.

Jerry doesn't want to sell. So Tom says, "Ok. I'll buy 1/800 the piece of paper for $10k."
Jerry is ok with this so Jerry cuts the paper and sells 1/800 to Tom. 
So now, Jerry has $10k and 509/800 the paper, and Tom has 291/800 the paper. 

Sometime later, Jerry regrets selling the 1/800 piece of paper and approaches Tom.

Tom doesn't want to sell. So Jerry says, "Ok. I'll buy a 1/8000 for $10k."
Tom is ok with this so Tom cuts the paper again and sells the 1/8000 to Jerry.
So now, Tom has $10k and 2909/8000 of the paper and Jerry has 5091/8000 of the paper. 

Tom and Jerry tell their friends that they are now worth $29,100,000 and $50,910,000 respectively. 




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3 Comments
    This is the link to my first post... how it all started...
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    Mindset changes
    throughout the years


    How I make use of my wife

    An Interesting Email

    Author

    Male, born in 1982. 
    INTP
    Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry.

    Inspired by MMM and ERE.

    Decided to embark on a mission to retire early in Singapore, a place where such an idea is considered impossible. As I believe that life has a lot more to offer instead of just a working career. I've decided to start a blog to note down my journey to achieve this mission and help others along the way who are willing to listen and try doing things differently from everyone else.

    I have decided to remain anonymous until I finally am able to actually retire, reason being that this idea might not gel well with the company which I am working for currently and also to avoid real life flaming from people who say that such ideas are impossible and that an individual is lazy for choosing early retirement instead of contributing to society in the form of labour.

    More about me.
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