Beginning of a Decade! Where do you want to be ten years for now?

[LWYRUP]

What are your goals for the next decade?  Any concrete plans to achieve them, struggles you are dealing with, advice or recommendations (books, podcasts, etc.) for others?

[LWYRUP]

Here are my goals for the next decade:

• I want to be fully FI at 25x living expenses, including reasonably projected college funds for kids and budgeting for health insurance.  We're pretty far along the path in terms of just replicating living expenses (and could lower them if need be), but we haven't figured out college or healthcare yet.  I also think we're in for another recession somewhere along this next ten years and that may wipe out a few years of growth and so I'm factoring in getting through that and out the other side.
• I want to look up and say "wow, I am in better shape at 45 than I was at 35."
• I want to either have my own business or own consulting / legal practice or have a substantial equity stake in a shared business, consulting / legal practice or real estate development.  I don't want to be a W2 employee in someone else's business 20 years into my career when I am closing in on FI (see goal one) to boot.
• I want to maintain strong relationships with my family and also build deeper relationships with friends (including staying in touch with friends who live in different cities and making close bonds where I am).
• I want to work on habits and mental processes, so that I accomplish more and stress less, work efficiently towards goals I set and allow myself to truly relax and recover when I'm not working. 

The money stuff is mostly on autopilot for the moment as my job gives me a fixed salary, our major expenses are locked in and we don't want to make any major changes at the moment.  I'm at a great place in the learning curve for my job and so will continue to ride that until it levels off and I feel its time to move on.  Our family is busy but happy and so it's best to just stay put and enjoy the little kid years.  So fitness, friends and habits are actually the main goals for 2020, with money trucking along for the ride and with just laying the groundwork for the business stuff with good work at my job and some networking. 

To help me in this, I'm tracking my habits, journaling and setting up an informal self-study curriculum, first on things like habits and discipline and psychology and then maybe after that branching out to skills, like negotiating, etc.  I feel I've improved a lot, but it's tricky sometimes because with three little kids and a more than full time job and so many things I want to do (cook, declutter, network, learn about real estate investments, etc.) and only so much time, progress seems slow.  I'm making strides, but it's so incremental that it takes a long time to see changes.  I also struggle with energy levels, sometimes I am gung-ho to achieve and other times I just want to sit on the couch for hours.   

[Travis]

I expect to retire within five years.  Assuming we're not priced out of our hometown during this interval (distinct possibility), the plan is to buy a house, reestablish all the relationships with friends and family we've missed out on, and grow some vegetables in the backyard.  My son will go through high school and most likely start college during this time frame.  I also want to conduct a few road trips to visit national parks and a couple trips to Europe.  "A couple" may become several if I can get a good rhythm with travel hacking.

[11ducks]

I want to have finished my PhD, and be running the program I just began working with. I will have multiple publications in the field. I will have moved back to the beachside area I hope to retire in. I want to be still super fit, and have my brown belt. My son will have left the nest, and be living independently and successfully. I want to have travelled and seen the world, Hawaii and Tonga and Norway and Canada, and done a lot of hiking. I want to have a NW of more than a million dollars.

[Panly]

It will be the decade to plan for and execute ER and open the golden handcoughs.

Perhaps we'll be grandparents by then.

[Freedomin5]

In ten years, we hope to have four to five income streams, be fully FI, and have repatriated back to our home country.

[Bloop Bloop]

In the next 10 years I want to double my wage, triple my net worth, buy my dream car, be financially independent or very nearly so at a SWR of 3% and start transitioning into my retirement phase.

[Metalcat]

I have no fucking clue.

I mean that in a good way though.

[Hirondelle]

I have no fucking clue.

I mean that in a good way though.

+1

I don't even know what continent I'll be on.

[iris lily]

I want to be still alive.

[Fishindude]

Still alive.
Still retired.
Still healthy.
Still financially stable.
Tired from too much hunting, fishing and vacationing.

[OtherJen]

I have no fucking clue.

I mean that in a good way though.

Same. My life now looks so much different than anything I projected 10 years ago. There are very few things about it I would change. I’m excited to see what the next 10 years will bring.

[Vashy]

In 2030, I'll be 54, will still be writing books, doing some coaching or pursuing some other interests, and definitely Fat FI. Also most likely live in a much nicer (ie cheaper, with better weather) area.

[Metalcat]

I have no fucking clue.

I mean that in a good way though.

Same. My life now looks so much different than anything I projected 10 years ago. There are very few things about it I would change. I’m excited to see what the next 10 years will bring.

Oh...my...god...

Ugh, I can't fathom living the life I wanted for myself a decade ago.

[Photograph 51]

I am planning to retire at the end of 2028, in lieu of having to take a difficult, expensive test to continue being eligible for licensing for my profession.  let's see if i can last for 9 more years with working.  In 10 years, i plan to be living in the same house I live in now and doing the stuff I now do in my spare time, except all the time.

[cupcakery]

We are in significantly better financial shape now than we were 10 years ago.  I intend to keep making progress.  I'm at a crossroads now with my career and honestly don't know which direction I will go in.  So I don't know where I want to be in 10 years, but hope I make the right decision, whatever that might be. 

[jim555]

Medicare and my pension starts in 10 years, 15 years to Social Security @ 70.  Where will I be, who knows??

[Mr. Green]

This is a neat thread too. I imagine life will look nothing like what I'm about to write but it's fun to imagine.

Ten years from now my left leg will no longer be weaker than my right, but my knee will still be an issue. I'll be in the best shape of my life, trim at 175 pounds, because I know that my knee will cause me problems in old age if I'm not.

We'll have a kid. We'll have spent significant time touring Europe. We moved to the Western US for a year or two to take in the scenery out there in all seasons. My mom has semi-retired and spent her winters with us in the West because she wants to be near her only grandchild and she also has a love of Western US landscapes. I've continued to work a couple times a year for my sister's fiance's company because the 3-5 day gigs pay well, allow me to exercise my professional and communication skills, and allow me to experience "travelling for work," which still feels novel because I do it so infrequently. The travel bug has finally worn off some as our child is getting older and I've settled into some kind of hobby. I frequently use my freedom to travel to different parts of the country helping with disaster recovery and participate locally in the community to combat homelessness in some way. Money has long been an afterthought but we still don't spend much. We've started using some of our excess wealth to support local charitable causes. We no longer live with our friends but we live nearby and occasionally help with their business because it's fun and we have the free time to do so. I strive daily to do what I say and say what I do, because people are increasingly unaccountable, and I want to set an example for my child of what integrity is.

If I mange to have done all that 10 years from now, I think my 46 year old self will say I've lived my best life.

[PDXTabs]

Europe, with enough money to lean FI if I had to. In fact, I think that my lean FI date could be November 1, 2029.

[Fomerly known as something]

Other than being retired with my golden albatross (pension) done.  I have no clue.  I also will be Fatfi with that pension.

[SwordGuy]

First and foremost, my family in good health!

We've been retired for 20 months and we would like to keep it that way.

We close on our dream house on the 15th of next month.  Hopefully we'll live a long and prosperous life in it, with lots of parties and workshop get-togethers full of old and newly found friends.

I expect we'll have a bigger stock and bond portfolio simply from natural growth.   

Right now we have 4 rental properties that are keepers.   I expect we'll pick up another two or three unless we get bored with doing that.   We don't need them to stay FI.   We've already helped one person establish themselves in the real estate investment business so I wouldn't mind doing the same thing for someone else in our community.

We'll do some travel, we'll do some workshops, some dancing, and look for ways to help people help themselves.

[bmjohnson35]

I plan to retire by end of 1st Qtr 2020.  With this in mind, where do I want to be in 10 years.........

1. For me & my wife to be in good health.
2. Adjusted to and enjoying retirement.
3. Have a greater net worth than we do now.
4. Will have learned conversational Spanish.
5. Will have knocked out the majority of our travel bucket list.
6. Will have moved into our "final" home.
7. Will have attended the college graduation ceremony of two of our grandkids.

BJ

[Buffaloski Boris]

My list is so long, it’d hurt my thumbs to type it out. Here are some key goals.

1. Still alive, still in good health.
2. Still married to the same woman who will hopefully also be in good health.
3. Retired from my current job, hopefully in 2021.
4. Spending quality time with kids who will hopefully also be in good health.
5. No longer living in the Commonthievery of Virginia.
6. Growing a garden and cooking for those I care for.
7. Fat FIREd.

[Schaefer Light]

Happier than I am right now.

[Chris @ Saturday Financial]

To help me in this, I'm tracking my habits, journaling and setting up an informal self-study curriculum, first on things like habits and discipline and psychology and then maybe after that branching out to skills, like negotiating, etc.   

Be sure to add James Clear’s Atomic Habits to your reading list if you haven’t already. It’s incredible. (It sounds like you may have read it, but I’m mentioning it in case you haven’t.)

[LWYRUP]

To help me in this, I'm tracking my habits, journaling and setting up an informal self-study curriculum, first on things like habits and discipline and psychology and then maybe after that branching out to skills, like negotiating, etc.   

Be sure to add James Clear’s Atomic Habits to your reading list if you haven’t already. It’s incredible. (It sounds like you may have read it, but I’m mentioning it in case you haven’t.)

Thanks for the recommendation.  I have it on hold at the library.  (I used to be quite impulsive about books on the "hey at least I'm learning" theory but I'm working on that. 

[Chris @ Saturday Financial]

To answer the question, I don’t have any specific goals for a decade from now, but I’m focused on creating the daily life I want now thanks to the influence of good people like @Malkynn

After reading Atomic Habits, I plan to spend the first part of 2020 creating systems for myself that will help build the daily/weekly habits I want to have. I plan to build systems that will help me:

Stretch for 3+ minutes every morning.
Pray and read Scripture for 15+ minutes every morning.
Exercise for 15+ minutes early each evening.
Read for 3+ hours each week between Monday and Thursday.
Write one article each week for a new hobby blog.
Etc.

I’m super pumped to start this decade focused on reaching goals via systems instead of merely setting goals and hoping to reach them.

[AK]

• Have a happy and healthy family
• Lean Fire in a few years and fat fire by the end.
• Maintain my current weight and eating habits
• Buy parents house to live in

[Buffaloski Boris]

To help me in this, I'm tracking my habits, journaling and setting up an informal self-study curriculum, first on things like habits and discipline and psychology and then maybe after that branching out to skills, like negotiating, etc.   

Be sure to add James Clear’s Atomic Habits to your reading list if you haven’t already. It’s incredible. (It sounds like you may have read it, but I’m mentioning it in case you haven’t.)

I heard the interview on Choose FI and was intrigued. Does the book live up to the rep?

[Chris @ Saturday Financial]

To help me in this, I'm tracking my habits, journaling and setting up an informal self-study curriculum, first on things like habits and discipline and psychology and then maybe after that branching out to skills, like negotiating, etc.   

Be sure to add James Clear’s Atomic Habits to your reading list if you haven’t already. It’s incredible. (It sounds like you may have read it, but I’m mentioning it in case you haven’t.)

I heard the interview on Choose FI and was intrigued. Does the book live up to the rep?

YMMV, I think the answer is yes if you read it AND actually implement some of the ideas that resonate with you the most. It definitely resonated with me and I expect it will have a very positive impact on my life in the next few months and in the next decade.

[HBFIRE]

It's weird to think about 10 years.  It's such a ridiculously short amount of time, but yet I was so different 10 years ago and in such a different place in my life.  Kind of amazing how fast things change. Someone wrote an article recently on how different basic technology was just 10 years ago, it was kind of mind blowing how different the world was just in terms of that.

Since I'm in a completely different situation than I could have ever expected 10 years ago, I can't possibly imagine where I'll be at in another 10 years.

Hopefully I'm at least healthy and active and surrounded by friends and family.  My only goal is to continually challenge myself and put myself in uncomfortable situations to grow.

[ItsALongStory]

To help me in this, I'm tracking my habits, journaling and setting up an informal self-study curriculum, first on things like habits and discipline and psychology and then maybe after that branching out to skills, like negotiating, etc.   

Be sure to add James Clear’s Atomic Habits to your reading list if you haven’t already. It’s incredible. (It sounds like you may have read it, but I’m mentioning it in case you haven’t.)

Thanks for the recommendation.  I have it on hold at the library.  (I used to be quite impulsive about books on the "hey at least I'm learning" theory but I'm working on that.

I plan to read it in January but did buy it at the discount book store.

Sent from my Pixel 2 XL using Tapatalk

[ItsALongStory]

- be in good health
- wife is good health as well
- still happily early retired (shooting for mid 2022)
- established some income streams through blog/vlog/travel consulting type activity
- figured out where we want to settle or that we want to remain nomadic
- mentor some younger people to endure they make the right decisions earlier in life
- be a better skier than I am now

Sent from my Pixel 2 XL using Tapatalk

[Unique User]

I have no fucking clue.

I mean that in a good way though.

+1

I don't even know what continent I'll be on.

+2

Fingers crossed for good health also.  DH goes back to the doctor in Feb as there is a slight chance the cancer he thought was gone in 2014 is back  Chemo would be a f*&%king horrible way to start retirement. 

[Travis]

I have no fucking clue.

I mean that in a good way though.

+1

I don't even know what continent I'll be on.

Same response I gave when asked if I'd be available for the class reunion.