Why did you quit your goal?

Discussion in 'Investor Psychology & Mindset' started by Ace in the Hole, 24th May, 2019.

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  1. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Doesn't have to be investment related.
    Interested to see if there’s a pattern why people have made goals and then quit.

    This is prompted by silly motivation quotes such as “Winners never Quit”.
    I keep getting bombarded on Facebook by quotes, usually from unsuccessful people touting general quotes on success, which are practically meaningless.

    I believe there are times when quitting something previously planned makes sense.

    This also depends heavily on what your interpretation of success is.
     
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  2. Terry_w

    Terry_w Broker, Lawyer, Tax advisor Business Member

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    one reason for me, with weight loss, was that I think my goal was unrealistic and also I wasn't seeing progress. It was just trying to swim against the rip, in the end i stopped swimming and just floated (out to sea!)
     
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  3. SatayKing

    SatayKing Well-Known Member

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    So you got that sinking feeling I gather.
     
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  4. EN710

    EN710 Well-Known Member

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    I don't describe it as "quit". I'd say something along the line of goal/ priority change. Sometimes the goal is unrealistic or just not the right goal for the purpose.

    Having goal is good, but I think it's just one of the tools you use to get to where you really want to be.

    My goal was to be able to drive - I haven't quit, just been procrastinating :confused:
     
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  5. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Sometimes a goal is no longer meaningful.

    I went through a fitness phase but not b/c I really valued being fit - it was more to know that I 'could' be fit. So I got fit, and then did something else. I'm not a massive lard now, but 'fit' is not a word I'd use to describe myself anymore :)

    In this case, the end goal - fitness - was not actually the end goal - it was more that I could do a hard thing.

    Now I have other challenges/goals that have more meaning.
     
  6. Kinnon

    Kinnon Well-Known Member

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    When I realised the goal I had set myself was not what I actually wanted.
     
  7. willy1111

    willy1111 Well-Known Member

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    Do I remember reading a post of yours some time ago about starting an online clothing/tshirt line? Applying some of the Grant Cardone sales training? With a goal of reaching $100k p.a. from it?

    I'm curious to hear the outcome of it and if you persisted? And if not, why not?

    I've also heard another 'guru' say that he has a list of 168 things he has tried in his life. He likes to try things to see if he likes them or not. He tried golf for 3 mths and was terrible at it so quit that, he tried line dancing for 3 mths and also didn't like that but he met some people there that told him about a rock n roll dance class that he joined and loved that so much he is still doing it 10 years later.

    I don't think it is a bad thing to try things, afterall it is the only way you will know if you like it and want to keep doing it. If you don't like it, stop and try something else until you find what you like...it's your life, it is upto you ; )
     
  8. Perthguy

    Perthguy Well-Known Member

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    Just tell them that Winners quit while they are ahead.

    I quit a development site in Melbourne and rolled the funds into two Perth projects. The rent in Melbourne was 280 per week. Combined rent from the Perth projects is 900 per week.

    Do I regret quitting? Not. one. bit. :D
     
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  9. The Y-man

    The Y-man Moderator Staff Member

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    I wanted to get an open wheeler one day.
    On one occasion, I got into a decently fast go kart.
    After 3 short laps, I couldn't even get myself out of the seat I was that knackered.
    Gave up the goal :D

    The Y-man
     
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  10. Ace in the Hole

    Ace in the Hole Well-Known Member

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    You remember right.
    I didn’t persist with it after a while.
    At the time I was busy building up my business which sold a couple years later for a few mil, it was a zero cost start up 10 years prior.
    The return on effort for the clothing biz just wasn’t worth it and my priority at the time was my existing business.
    Just didn’t have the capacity to do both and had to focus on the better return at the time.
     
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  11. Ace in the Hole

    Ace in the Hole Well-Known Member

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    I started University full time earlier this year after being comfortably retired.
    Been extremely tempted to quit a couple of times so far, but hanging in there.
    I’m actually learning a lot won’t have the opportunity or motivation to do it again if I quit now.
     
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  12. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    I also quit doing a financial planning qualification. I found I couldn't tolerate formal education - the assignments particularly seems like such a phenomenal waste of time that I read the material, learned what I wanted to learn and jammed the rest. :) I didn't actually need the qualification for anything, it was just to increase my own knowledge.

    I love learning, I just love doing things my way. Probs why I'm self employed.....
     
  13. inertia

    inertia Well-Known Member

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    I think it would be tough to come back to Uni study later in life, especially if it is not really to get a job or directly benefit your career.

    What kind of load are you doing? Could you drop back a little instead of quitting entirely?

    cheers,
    Inertia.
     
  14. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    I did the qualification years ago, set up a business and started offering it to clients. Quickly discovered that I didn't really believe in what I was trying to sell and it was taking focus away from what I do well. Focus on what you do and outsource the other stuff.

    I also did the first year of a Masters in Project Management about 14 years ago, about the same time I started my business. I didn't really see the relevance to my business so I dropped it.
     
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  15. Ace in the Hole

    Ace in the Hole Well-Known Member

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    I feel exactly the same way, self education destroys formal education.
    I had to do an oral class presentation for psychology yesterday, this has been my no.1 biggest phobia my whole life, public speaking and was a big reason I considered quitting the course, because I don’t have to do this and I don’t need stress of studying for exams.
    But in the end, I decided to put myself through the discomfort and help overcome my fears.
    For the 2 weeks prior I was drained and anxious preparing for the presentation and I’m glad I did it and didn’t quit. It went pretty well.
    Can’t keep running away from fears forever.
     
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  16. Ace in the Hole

    Ace in the Hole Well-Known Member

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    It’s only available full time.
    I’ve decided to see the course through to the end, unless personal circumstances change for some reason.
    I’ve definitely pulled back on lecture attendance though. Got HDs in everything so far predominantly using YouTube to learn as I’m a very visual learner and most of the lectures are rubbish.
     
  17. Lacrim

    Lacrim Well-Known Member

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    I quit my goal of partial LOE. APRA said no.
     
  18. Morgs

    Morgs Well-Known Member

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    Thought provoking question :)

    I guess I quit working?

    Plenty of unresolved career ambitions and goals, but came to the realization that none of that even matters.
     
  19. inertia

    inertia Well-Known Member

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    I'm almost there. I'm looking for a low end role to keep me off the streets part time :)

    Cheers,
    Inertia.
     
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  20. datto

    datto Well-Known Member

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    I quit due to a big weekend. Forgot I even had a goal till you brought it up.
     
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