Great Singo, look forward to looking at that. Let's look at this as a goal review then as Bunlee said
Thank you for the open responses. Really helpful and interesting to read the detail in some of them.
OC1 I think yes it is demotivating to reach a financial goal if it is simply that a financial goal. That is why financial goals alone will never lead to happiness. It has to be about more than that.
EN710 yes the perceived risk of doing nothing is more fearful than the fear of trying something itself. That is how I feel, when I consider doing nothing that is rather scary!
Hearing some of you speaking of reaching financial goals by your 30's or 40's has me a little envious that you are on this great track now in an age where you have information and connection at your fingertips. You have so much opportunity! I am now just in my 40's, and I thought I would be a millionaire by now. But that was my problem, although not a greedy person I kept writing down financial goals. How much did I want to make by this certain time, and it never really worked for me. I feel like I am in the position now that I should have been back in my 20's. But better late than never they say!
Peter T I think you are correct to an extent about partying young because you won't want to in your 40's. But for different reasons. I think if you love to work, if you are driven, you enjoy what you do and you don't want to stop and kick back full time, you will want to keep working. But heeey what about our mid life crises' here, don't we want to go out and party again???
My goals...
I should point out I am a female as I am not sure if it is evident on here yet. But I am the driven one in the family. Hubby is at work and I am working hard to get him out of having to do that.
My forum name Freedom is a clue. That is my specific goal - Freedom. I want to be free of worrying about affording things, how to pay the bills. I want to be able to think about anything but money, and know I can afford some great holidays each year, that swimming pool in the back yard for quality family time, etc etc regardless. I want to show my children that the world is enjoyable, it is their Oyster, to think for themselves, think outside of the box. I don't have aspirations for crazy priced cars, a huge yacht, I just want comfort and FUN!!!!
Financial goals, I would be happy with -
* Our home paid off
* Finish fixing up our home with all the things on my desire list - swimming pool, landscaping, balcony, etc - and to buy those few things I would still like such as a nice caravan. So in other words to as quickly as possible to profit by a nice chunk of money to get all those things.
* Earn a passive income of somewhere between $7k and $15k per month. Ideally $15k we could live whatever life we wished, but surely if the house is paid off and we have all the things we desire $7k would be more than enough. Will see how we feel by the time we get there.
.... that passive income would afford us to have hubby leave work and those few nice holidays each year
I always have specific plans on how I will reach those financial goals, but they do change and adapt as I learn more along the way.
Giving back goal -
I really want to give back to others. I remember each and every person who reaches a hand out to me and offers me advice, help, encouraging words. Those who bother to spend some time with me to help mentor me and help me reach my goals, regardless of the fact they must be busy themselves and they are not gaining from doing so. And while I always am offering to help them and others wherever I can in return, I am realistic and know I don't always have a lot to offer, YET. So I will always be around to help others and pass it on, to say thanks to those who helped me, and to help others reach their goals. As I learn I will share and help.
