New year, new resolutions.
Some people plan new year resolutions yearly. I wonder how many do they actually achieve. People think that in a year they can achieve huge lofty goals - earn a million dollars, buy a new property, find a new job etc.
Actually. What really matters is not the goal setting. But figuring out what is important to oneself. For example - in the pursuit of earning your first million, what is the purpose of that?
1. So that you achieve financial independence
2. So that you can buy that dream home
3. So that you can travel to exotic countries to experience their culture
Truly, time is the most precious resource. Recently I was watching Bill and Melinda gates on Jimmy Fallon show. It was fascinating to see how the world's richest man devoted so much time to making the world a better place - solving unnecessary Malaria deaths in third world countries. Improving standards of living, changing the world.
Now think of it...he could have continued in Microsoft and dominated the world, he could have made Microsoft the Google/Facebook/Apple of the world if they just kept pushing boundaries but Gates choose to retire and devote his life to more meaningful tasks.
Fascinating.
Now I do long term goals - my goals have turn lofty, some friends tell me its a stretch but sometimes we need to all try.
1. To grow my personal net worth by 20% yearly.
(The magic of compounding would allow for returns to reach 3800% within 20 years - which is my targeted retirement age at 50 years old.)
2. To move the direction of medical society in the right direction of improving how things work
3. To set up a foundation to help treat cancer patients
