My Goals

by Ryan

I truly believe in the power of goals in whatever area of life you’d like to be successful.

Below are some of my goals, the list is always growing and if you have any great ideas, feel free to comment!

20’s
Work my butt off and live way below my means so I can “set and forget” my retirement (even though I don’t really believe in the idea), and fund other adventures throughout my life.  Take advantage of the time value of money and use this stage of my life to learn.

  • Achieve a nomadic lifestyle through internet marketing and monetization.
    • I would consider this a success if I reach a level $50,000 a year.
  • Become a nightclub bartender
  • Achieve Bodyfat of 6%
  • Bench 450
  • Squat 500
  • Make the Cover of Muscle and Fitness Magazine.
  • Travel to all 7 continents.
  • Write a Book that sells over 2,000 copies.
  • Get an underwater photo published in a magazine with over 10,000 subscribers.
  • Scuba with Great Whites, Tigers, and Hammerheads
  • Retirement fund of $50,000 by age 26 and no debt.
  • Become a PADI Divemaster
  • Bike Across America
  • Read 300 Books (approx 1 a week)

30’s
Explore hobbies that were too expensive to do in my 20’s.  Find worthy causes to start giving and find deeper areas of exploration.  Possibly create a home base of establishment to purchase some land.

  • Achieve the status of Millionaire  (starting at age 23 and investing $2,500 a month would get me to this level at 9% rate of return before age 40)
  • Discover my passion of racing further
  • Begin purchasing real estate
  • Have kids.
  • Learn to fly helicopters
  • Restore a Nissan 300zx
  • Achieve the Ironman in Kona.
  • Open a piano bar and perform often.
  • Enter and complete the real estate MBA program at the University of Wisconsin, Madison.

40’s

  • Find a meaningful charitable organization to donate time and money to.
  • Design and build my home.

50’s

  • Explore passions further, at this point in my life I’m not sure who I’ll be at age 50.

60’s

  • Visit Mars
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{ 9 comments… read them below or add one }

Todd December 25, 2009 at 5:36 pm

Nice goals… How come you decided not to invest in real estate? Is it the labor intensive management side that scared you off?

I live overseas (13 years in Asia) and am building passive income by investing in single family and apts in NC. I have the travel bug and have been to 5 of the continents. Not yet $1,000,000 in the bank. But the net worth is getting closer each year through the property holdings.

I like the fitness goals. Keep it up. Last year my wife and I did 3 cycles of P90X. It was excellent. But got me in such good physical shape that I have only made 1 purchase in 2010.

Enjoy Hawaii.
Merry Christmas,
Todd

Ryan December 25, 2009 at 5:52 pm

Todd,

Thank you for the supportive comment! To answer your question, yes, it’s the management issue. I’d be interested to hear how your property holdings are managed because I realize real estate is one of the best investment vehicles… tax write offs, depreciation, capital appreciation, debt paydown, etc… Awesome tool for wealth.

However, I haven’t been creative enough to find a way to purchase real estate and still be able to travel without being an active manager. Do you invest in a fund, or as part of a partnership?

I’d love to hear your thoughts and if you don’t feel like sharing on the site you can email me at Ryan (at) PlantingDollars (dot) com.

Thanks again and Merry Christmas!
Ryan

Early Retirement Extreme December 25, 2009 at 7:28 pm

Interesting goals. I would say though that the person I was when I was 24 would not be able to recognize the person I am at 34.

Ryan December 25, 2009 at 7:42 pm

Again, I completely agree with you…

Goals are great, but they constantly change… the goals above are markers I think I’d like to hit, but I’m aware some will change. I’d compare these to framing a house – I may decide to remove the sunroom or a bedroom, but in general they’re related to things I enjoy. The inspiration behind having such a list is one of my role models John Goddard, who is probably the most famous goal setter. Check out his goal list here.

I think there are many things in life that are inside of us that don’t change, such as our passions and things we find fulfillment in. I don’t think I’ll ever tire of playing the piano, scuba diving, or learning new things. Following these passions is more important, I suppose, than meeting a specific goal that judges how good you are at it. But having specific goals at least gives specific benchmarks to shoot for.

So I wonder… do you think it’s pointless to set goals for the long term?

Early Retirement Extreme December 25, 2009 at 8:23 pm

I think this Eisenhower quote answers that: “In preparing for battle I have always found that plans are useless, but planning is indispensable.”

Robyn December 27, 2009 at 4:34 pm

Goddard’s goal list stresses me out :) For a long time I’ve kept general Things I Want To Do In Life lists at the back of my journals. When I start a new journal I move goals over that are still interesting to me from the old journal. It’s fun to see how many of them are things I still want to do even if it takes me a long time to accomplish them. It’s also interesting to see the ones I’d forgotten about but did anyway. It’s also relieving to see things that I can let go of because they don’t meld with who I’ve become, so far. I often get discouraged because I think I never do anything – wrong. I just integrate my goal or experience into my life and move on so I quit acknowledging what I’ve actually accomplished. So I sometimes write down what I’ve done to remind myself what I can do when I’m having “I never do anything” days. Besides I’d like to not focus so much on what I can or can’t do but on who I am and who I’m becoming. But goals are good markers – things to keep us moving and interested.

Jack February 14, 2010 at 11:57 am

Todd,
What will you do in your 70’s, 80’s, and 90’s?

I had made a list of 100 things I wanted to do almost twenty years ago. It feel down between the wall and my desk in our old house and I found it when we moved. While looking at it, I was able to pen out 13 items in the seven years it was there. Getting my pilots license was one of them, becoming debt-free was another.

I can appreciate your sentiment of using money as a tool to move through life as have had that attitude for almost twenty-five years.
Regards,
Jack

Arlene February 16, 2010 at 5:37 pm

Your very focus and have a strong desire for living life on your terms! If I may I would like to comment on the part where you say, Quote- meet the women of my dreams, wanting to trick her into etc. You don’t want to trick her, you want to treat her with the upmost Love and respect so she would want to spend the rest of her life with you.

My Husband and I have been married for 26yrs. The foundation was love, and respect, but it started with the passion for ballroom dancing. We’re are still dancing to this day. Share the same passions and your grow together with a focus on life.
.-= Arlene´s last blog ..Moving in the right direction =-.

Daniel Johnston March 28, 2010 at 6:53 am

Wow, your goals are amazing and very ambitious. People don’t like to fail their goals, so definitely having higher goals will get more done. I think you should also have a goal to start an offline business in your forties. You are a very business-minded person, and you will definitely be able to find venture capitalists to give you capital (if you aren’t able to pay for it yourself).

I also have ambitious goals. The most important to me are to become chess world champion, publish a children’s novel that sells at least 100,000 copies, have three blogs that combined average over 100,000 unique views per day, and start a successful technology company.

Some people never set goals, and just bumble around through life. Especially with your finances, that is one of the biggest mistakes you can make, obviously, as planning for your financial future and retirement is key, as it is in every part of life. The way you’ve planned out this blog is amazing.

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