Just for laughs: Financial planning the Irish way down under

Ronnie Apteker
Ronnie Apteker

I can’t say I have ever really understood how banking works. I mean, if everyone closed their account and withdrew their cash then would the bank implode? My gut feel is, yes. So, where then is all our hard earned savings? Perhaps this has some connection to all the stories we hear about banking fat cats and their massive annual bonuses. And perhaps us mere mortals are too simple to understand the big financial machinery that runs the world. However you look at it, something funny is going on. So, what can we do but laugh. Nervously that is. – Ronnie Apteker

From Coolfidence

Financial Planning explained by an Irishman in the Australian Outback.

Paddy bought a camel from a farmer for $100. The farmer agreed to deliver the camel the next day. In the morning he drove up and said, ‘Sorry son, but I have some bad news. The camel’s died.’

Paddy replied, ‘Well just give me my money back then.’

The farmer said, ‘Can’t do that. I’ve already spent it.’

Paddy said, ‘OK then, just bring me the dead camel.’

The farmer asked, ‘What are you going to do with him?’

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Paddy said, ‘I’m going to raffle him off.’

The farmer said, ‘You can’t raffle a dead camel!’

Paddy said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’

A month later, the farmer met up with Paddy and asked, ‘What happened with that dead camel?’

Paddy said, ‘I raffled him off. I sold 500 tickets at $2 each and made a profit of $998.’

The farmer said, ‘Didn’t anyone complain?’

Paddy said, ‘Just the guy who won. So I gave him his $2 back.’

Paddy now works for the Commonwealth Bank.

But yesterday Paddy got an offer to work for the Prime Minister as a Financial Planner.

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