[quote]spar4tee wrote:
[quote]LoRez wrote:
What is “financial gain” to you?
[/quote]
The status of my investments and my ability allocate freely without having a deficit anymore. What constitutes a deficit would be relative to my situation.[/quote]
Have you put much thought into whether to prioritize your net worth, total assets, or liquid assets [or other measure]?
Not that they don’t all matter, but I’m just wondering if your thinking has moved down that direction yet as far as how you want to structure things for the life you want to live.
My current approach is to have an “emergency” fund available immediately (to cover, minimum 3 months of expenses), and then for the majority of my net worth to be available within 30 days, if need be. I switched from an asset based approach, where I wanted to pay off all my debts as quickly as possible, to a net-worth based approach when I realized some of my investments were outperforming the interest loss from my debts.
So, for the last few years I’ve been focusing mainly on my increasing my net worth x% a year. I’ve broken it down into quarterly net worth goals and found that to be useful. Monthly goals were too fine a resolution because of fluctuations due to car repairs, personal travel, etc.
But by sticking with a %, I’m using it to provide increasing pressure, since obviously things get more aggressive year after year. Cutting expenses and saving money only goes so far. Then it moves to increasing your current income streams, adding income streams, investing, buying/building a business, etc.
Basically, I’m using it as a strategy to keep myself from falling into the trap of getting complacent.
On the other hand, it’s been awhile since I really needed to pick up things and make a major life change in 3 weeks or less, so maybe my criteria is a bit outdated.
Originally, I wanted to be able to live a stable lifestyle, even if fairly minimal, for an indefinite period of time without actually “having” to work. I want that freedom of choice. I think I might revise that too, to add the ability to travel regularly.
[quote][quote]
“Professional Success”?
[/quote]
Pretty much my extrapolated trajectory towards my career goals. Right now, I’d say I’m in good standing.[/quote]
Is there an end point? A certain role that defines success?
When I was much younger, my dad said something like “you keep acting like that, you’ll never be working a job where you’re able to afford a house like this”. It was said in anger/frustration, but the point stuck. By my late 20s, I’d actually reached that point where I could afford a house like that. I didn’t buy the house, but I could/can, and that’s what matters. The nagging problem is… now what?
It turns out I’m not that interested in management, but I do enjoy product design, development, exploring concepts, etc. At my current company, in my current role, I’m effectively at the pinnacle of what I can do with that. For the most part I work my own hours, I work from wherever I want, and I work on whatever I want within the scope of the projects I own.
The strange thing is… what now? What do you do when you’ve gotten what you thought you wanted?
[quote][quote]
What/where do you want to explore? What is it specifically about adventure/exploration that appeals to you?[/quote]
I have a very keen interest in the paranormal, the occult, cryptozoology, etc. essentially the unexplained entangled with the human consciousness. That however isn’t my sole reason for wanting to travel. There are some specific places I’d love to visit, but I’d like to visit every continent in general (except maybe Antarctica [maybe]).[/quote]
You thought about how you want to do that? Doing studies in labs or in the field? Or really just observing for personal interest?
A good number of the places I want to visit aren’t really safe to visit right now. Like… the fact that Damascus is the oldest continually inhabited city in the world really appeals to me. The part where they’re in the middle of civil war… not so much.
A lot of my travel interests are really based on “places with strong historical or literary references”. And to some degree also focused on lifestyles, to just see how differently people approach things from how I do. People can be fascinating.