Relating more specifically to property investing in this instance. The question of strategy comes up quite frequently on this forum, more generally from those starting out. It seems to be a big selling point for gurus and so called educators, or any other service providers in advisory industries. It would be assumed that goals, cash flow and all sorts of complicated analysis and planning could be Included in this. My opinion is that circumstances change all the time and a detailed strategy is not hugely important, apart from a very basic guideline and understanding. Too much over analysis would probably do more harm than good and simple is often best. Everybody is different though and different techniques are suited depending on personality and experience, including risk factors which plays a huge part in decisions and action taken. That's why I don't completely agree with fixed strategies being proposed to others, as only the person themselves can determine what's truly right and best for them, as they are the ones who know thier own circumstances inside out. Personally, we've never had any specific goals, strategy, or plans with projected numbers calculated or written down in the past 12 or so years doing this. Everything has been based on rough plans in my head simply being - increase income and buy resi property with value adding potential. We have done this for everything but our PPOR and it has worked extremely well. Our actions are generally unplanned and impulsive. Haven't bought for many years now and bought our last and expect to be final resi IP 5 years ago now. Action focused on the right direction is what counts most. Just got to start out on the track you believe is right for you after doing your own research based on your own situation. Then check your compass once in a while if you find yourself drifting off course. There's no right or wrong, with the exception of not taking action due to over analysis complicating matters so much it confuses you. How much planning/analysis do you guys do? Do you have a fixed or flexible strategy?