Should you set goals?

The problems with goals are well-documented.

  • Goals end. When they do, people feel empty. Then they revert to their previous state. Land your dream job? A week later you’re back on LinkedIn. Lose 30 pounds and celebrate with pancakes. Accumulate a million in the bank, and wonder why you’re still not satisfied.
  • Goals delay happiness. By setting goals you’re saying, “when I reach that milestone, then I’ll be happy.” Happiness is a state only the future you deserve. The current you? Back to the grindstone.
  • Goals incentivize short-term thinking. Goals lead to tunnel vision. You’re tempted to hit that goal – no matter what. So you start cutting corners and juking stats.

There’s a popular line of thinking: instead of goals, we should focus on habits and systems. Habits and systems are better because when done well, they happen automatically. Little or no will power required! Work the system and the system will work for you.

To best document the journey to my financial targets, you have to understand the starting point. Here’s a quick update on where I am today.

Your financial independence boils down to just a couple of numbers. What do these numbers mean? Where do they come from?