The Story of a Shoe Shine and the CEO

Every morning, the CEO of a large bank in Manhattan walks to the corner where a shoe shine is always located. He sits on the couch, examines the Wall Street Journal, and the shoe shine gives his shoes a shiny, excellent look.

One morning the shoeshine asks the Executive Director:

  • What do you think about the situation in the stock market?

The Director asks in turn arrogantly:

  • Why are you so interested in that? Do you have money to invest?

"I have a million dollars in your bank," the shoeshine says, "and I'm considering investing some of the money in the capital market."

  • What's your name? –Asks the Director.
    John Smith

The Director arrives at the bank and asks the Manager of the Customer Service:

  • Do we have a client named John Smith.?

  • Certainly answers the Customer Service Manager, he is a highly esteemed customer. He has a million dollars in his account.

The Director comes out, approaches the shoeshine, and says:

  • Mr. Smith, I ask you this coming Monday to be the guest of honor at our board meeting and tell us the story of your life. I am sure we will have something to learn from you.

At the board meeting, the Executive Director introduces him to the board members:

  • We all know Mr. Smith, who makes our shoes shine in the corner; But Mr. Smith is also our esteemed customer with a million dollars in his account. I invited him to tell us the story of his life. I am sure we can learn from him.

Mr. Smith began his story:

  • I came to this country fifty years ago as a young immigrant from Europe with an unpronounceable name. I got off the ship without a penny. The first thing I did was change my name to Smith. I was hungry and exhausted. I started wandering around looking for a job but to no avail.

Suddenly I found a coin on the sidewalk. I bought an apple. I had two options: eat the apple and quench my hunger or start a business. I sold the apple for two dollars and bought two apples with the money I also sold them and continued in business. When I started accumulating dollars, I was able to buy a set of used brushes and shoe polish and started polishing shoes.

I didn't spend a penny on entertainment or clothing, I just bought bread and some cheese to survive. I saved penny by penny and after a while, I bought a new set of shoe brushes and ointments in different shades and expanded my clientele. I lived like a monk and saved penny by penny. After a while I was able to buy an armchair so that my clients could sit comfortably while cleaning their shoes, and that brought me more clients. I did not spend a penny on the joys of life. I kept saving every penny. A few years ago, when the previous shoe shine on the corner decided to retire, I had already saved enough money to buy his shoeshine location at this great place.

Finally, three months ago, my sister, who was a hooker in Chicago, passed away and left me a million dollars from her Life Insurance.

Lesson: Buy Life Insurance. 😜

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