Can be anything from attaining a 9 figure net worth to traveling to 100 countries; and how is your current job allowing you to achieve these goals?
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Based on the highest ranked content on WSO, here are some insights on goals and how current jobs are helping to achieve them:
Financial Goals:
Lifestyle and Personal Fulfillment:
Career and Job Satisfaction:
Broader Goals and Lifestyle Choices:
In summary, goals by 50 can range from specific financial targets to broader lifestyle and personal fulfillment objectives. Current jobs in high finance often provide the means to achieve these goals through high income and career progression, but they also come with their own set of challenges and stressors.
Sources: Money - What is your goal?, Money - What is your goal?, Approaching 30 and lost
Personal goals: Married with kids.
Financial goals: Live comfortably, one nice vacation a year with several other smaller ones, own a home, ideally a small vacation cottage, too.
Professional goals: Be on my way to an early retirement/second career in a passion project.
Current job status: I'll need to marry rich or get a serious upgrade in salary/carry to get to where I want to be. I'm still getting good experience, hopefully to parlay it into a good position when the market comes back, but who knows. I'm also fine keeping my expenses down, worked fewer hours, and enjoying my cheap/free hobbies.
Thought of this the other day with my wife, visit 20 countries before we turn 50. At 42, we’ve visited around 11. I think it gets harder to go from 11 to 20 because the “easy” countries to pick, I’ve been to already.
I thought I wanted to be a member of YPO, and probably qualified in 2019. I thought about how cool it would be to know various CEO’s and see and experience things outside my normal life. But in coping, I don’t think that will happen, and spending $5K+ a year on membership fees seems too much for me at the moment (considering for way less money I’m part of some great professional groups that mean more to me). But it’s still a lingering goal and I have a couple years left.
Lastly, I would like to drink a beer on the field on the sidelines of a college football game (alma mater University of Hawaii). Prob won’t cost a lot of money, but is my dream. I don’t have to do this before 50.
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