I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 18 June 2015

Why Set Goals???


This is something Grasshoppers will not become as they don't have goals. Wrong?


"What you get by achieving your goals is not as important as what you become by achieving your goals." - Henry David Thoreau


Is that the reason why more younger ones are openly stating FIRE as their financial goals?
Posted by Createwealth8888 at 07:42
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5 comments:

  1. Createwealth888818 June 2015 at 07:57:00 GMT+8

    Long-term goals e.g. 10-yrs goal will really test our focus, patience, strategy and discipline.

    I am now on my second 10-yrs goal after achieving my first 10-yrs goal 1.5 years LATE!

    It is better late than never?

    ReplyDelete
  2. Siew Mun18 June 2015 at 08:13:00 GMT+8

    I break down my goals into quarters, and consolidate into year. I visualize my goals through forcasting each quarter and year.

    ReplyDelete
  3. Singapore Man of Leisure18 June 2015 at 09:28:00 GMT+8

    CW,

    1) How many 10 year goals you have? You're now into your 2nd 10 year goal... Is there a 3rd or 4th 10 year goals in waiting?

    2) What have you become after achieving your 1st 10 year goal? Or is it too soon to ask since you have moved the goal posts again ;)

    ReplyDelete
    Replies
    1. Createwealth888818 June 2015 at 09:37:00 GMT+8

      After 1st 10 Goals, reached FI :-)
      After 2nd 10 Goals, will reach KIAO KAH YO LUM PAR/K.K.Y.L.P. No need for more goals

      Delete
    2. Singapore Man of Leisure18 June 2015 at 10:12:00 GMT+8

      CW,

      Ah! So your FI is economy class.

      You now aiming for business class.

      Not going for first class after 10 years?


      When you quoted Henry David Thoreau, I thought you would focus on WHAT you have become ;)

      Remember the time when we wrote during composition essay WHAT we want too DO when we grow up? Or what's our AMBITION, somehow I don't think it's GOAL BASED or written in NUMBERS...


      But I'm glad after your K.K.Y.L.P, you'll become a grasshopper!

      Well, like you've said, better late than never ;)

      Delete

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