Read? The Goal Is To Have No Goals, But To Have...
1. When you have goal, the route to it becomes a labour. Put it another way, it is too linear and anything linear is hardly fun or interesting.
2. The imagination becomes closed to other possibilities. A goal limits your actions. There isn't room toother pathways.
3. The goal usually need to be precise and has time-limit. This is exact reason why goals- they encourage us to focus narrowly.
As retail investors; you are answerable to nobody except yourself and also there are no bosses to set S.M.A.R.T Goals or KPIs for you to achieve and reward you accordingly.
Why do you have to set S.M.A.R.T investing goals for yourself?
For investing goals; you avoid acting smart and be dumb by setting Stretch Goals or Band Range Goals.
Like Uncle8888 setting his 10-years investing goals
For his F.I.R.E Goal; when he made it! Of course; he Bom Pi Pi and tells everybody it is the way he has made it.
Once you are successful; you can say whatever way you like it and how you have made it.
Goals or No Goal is irrelevant!
Just show your big number. You are likely to get Wow!
So you either set F.I.R.E Goal for yourself or naturally you will get fired when time comes.
You will one day be fired from your full-time job either involuntarily through retrenchment or statutory on your official retirement age.
Of course; you can set F.I.R.E Goal; when you made it you Bom Pi Pi; but when you don't. You still naturally be fired! This is no big deal as you don't have to answer to anybody. Right?