Your Goals

Discussion in 'Investor Psychology & Mindset' started by MTR, 17th Jul, 2015.

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  1. MTR

    MTR Well-Known Member

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    For most here I am sure we have the next 12 months sorted, what are your goals, personal, investments whatever... Etc etc

    Ok, I will start

    Complete and sell all 4 townhouses Melb project number 1
    Approval 5 townhouses a Melb (project 2) either sell or build dependent on market conditions

    Personal
    Travel Italy, Busselton
    Spend more time with children And support them, lots of heartache this year, daughter 1 broke up with boyfriend after 7 years.

    That's it


    MTR
     
    MTR, 17th Jul, 2015
    #1
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  2. pianissimo

    pianissimo Member

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    Sell one IP next month, buy 2 more within next 6 months.

    Personally, I wanna lose 5 kg before 2016.
     
    pianissimo, 18th Jul, 2015
    #2
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  3. Bayview

    Bayview Well-Known Member

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    Sell our house for the price we want - not the price the agent and the buyers want us to, and clear all our debt...before we have to sell it.

    Find another place to live - hopefully have enough left over from the sale to buy a modest doer-upper in our area with subdiv potential.
     
    Last edited: 19th Jul, 2015
    Bayview, 18th Jul, 2015
    #3
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  4. Bayview

    Bayview Well-Known Member

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    What is your plan to achieve this? (Others might benefit)
     
    Bayview, 18th Jul, 2015
    #4
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  5. 380

    380 Well-Known Member

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    Grand goal of life
    $1 billion

    Short term goal;
    Finish existing developments
    Build strong network under @Be Developer umbrella
     
    Last edited: 18th Jul, 2015
    380, 18th Jul, 2015
    #5
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  6. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    Always good to have some goals to aim for.

    Personal:
    • Be the best dad and husband I can be
    • Run a marathon
    • Skiing in Japan
    Property:
    • Complete 4 unit development (2 months)
    • Complete 4 unit development (6 months)
    • Complete 6 unit development (8 months)
    • Complete 3 apartment development (12 months)
    • Settle on another development site and get DA approval
    Stretch target:
    • Complete an international marathon (London? New York? Boston?)
     
    mrdobalina, 18th Jul, 2015
    #6
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  7. Steven Ryan

    Steven Ryan Well-Known Member

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    I have lots, but they boil down to:

    Ongoing:
    • Extract the highest amount of happiness, wellbeing and contentment from each and every moment of my life.
    • Become a better person.
    • Continually step out of my comfort zone, challenge myself, learn and grow.
    • Remain fit (physically and mentally) and healthy as ever.
    • Have a positive impact on as many people as I can.

    Short term:
    • Financial independence (living costs entirely covered be recurring income).

    Medium term:
    • Financial abundance (never need to think about money again, ever!).

    Long term:
    • Significantly, positively impact the lives of a billion people.
     
    Steven Ryan, 18th Jul, 2015
    #7
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  8. Brian84

    Brian84 Well-Known Member

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    I am 30 yo now, By age 40 I want to have atleast 10-20 properties that are positive cashflow with good growth potential.

    I want to buy old doer uppers in my chosen location and do renovations on them full time.

    I would like to be able to choose to work when I want and not have to worry about money.

    I want to get my cert 4 in building and construction.

    I want to finalise everything with my building inspection company to get it up and running. I am nearly there but I have mainly been concentrating on my construction company so the inspection business has been neglected.

    Fully recover from a work relating accident.

    That will do to start with
     
    Brian84, 18th Jul, 2015
    #8
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  9. Coota9

    Coota9 Well-Known Member

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    Work on my health over the next 6/8 weeks...

    After that work with a view for tomorrow but be grateful of what I have today.......
     
    Coota9, 18th Jul, 2015
    #9
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  10. freyja

    freyja Well-Known Member

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    Okay, I'll commit here...

    Build a deposit and buy another IP before my 40th birthday (21 months to go...)
    Keep sane while working full-time and raising 3 kids/maintain work/life balance
    Give hubby an epic 40th birthday in 3 months time
    Travel with family - Aussie holiday in Sep/January and July. European summer home schooling in 2017.
    Maintain my running and yoga regime so I am in top shape for summer.
     
    Last edited: 18th Jul, 2015
    freyja, 18th Jul, 2015
    #10
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  11. bob shovel

    bob shovel Well-Known Member

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    @MTR travel busselton...??
     
    bob shovel, 18th Jul, 2015
    #11
  12. MTR

    MTR Well-Known Member

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    Yep, Busselton booked a beachfront house for 14 days when my daughter returns from London this summer
     
    MTR, 18th Jul, 2015
    #12
  13. bob shovel

    bob shovel Well-Known Member

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    @MTR Ah ok, nice spot! It's just down the road from Perth and was wondering how it fit in with italia!

    @Brian84
    What does the cert 4 cover? is this to go with IP reno works
     
    bob shovel, 18th Jul, 2015
    #13
  14. bob shovel

    bob shovel Well-Known Member

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    @freyja home schooling over seas?? While travelling?
     
    bob shovel, 18th Jul, 2015
    #14
  15. freyja

    freyja Well-Known Member

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    Yes - but I plan to stay put in one place for several months so the kids can learn about the culture of chosen city - we'll live like the locals :) We'll do a bit of travelling around at either end. That's the plan anyway.
     
    freyja, 18th Jul, 2015
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  16. bob shovel

    bob shovel Well-Known Member

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    @freyja
    Wow! That's cool. Spending time in one place is much better, like you said get to settle in to "normal"life, just in another country! Any fb page or blog to follow?? We have been doing similar around oz, no home school eldest is 3, but can see the benefits, they learn so much on the road!
    not sure where your at with home school but there is a group on Facebook - travel Australia with kids. Plenty of talk and info for home schooling plus life on the road
     
    bob shovel, 18th Jul, 2015
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  17. Brian84

    Brian84 Well-Known Member

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    Hey bob,

    Cert 4 is a builders licence. Allows you to build anything except high rise buildings. It will come in handy for when I hopefully one day do my own developments, as apposed to going owner build which limits you to 3 builds in 6 years I believe and now in nsw an owner builder can no longer build duplexes.

    It won't be used for the renos as most of them will only be cosmetic. Anyone can correct me if I'm wrong but I don't think you need a licence to replace an old bathroom with a new one as long as it gets signed off with an inspector or council. For waterproofing and structural integrity etc
     
    Brian84, 18th Jul, 2015
    #17
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  18. bob shovel

    bob shovel Well-Known Member

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    @Brian84 Only a cert 4? does it accompany a trade you've done?? I thought more was involved, there was a post on SS just recently. Theres also a fair bit of BS with CPD points etc to keep the licence
     
    bob shovel, 18th Jul, 2015
    #18
  19. Brian84

    Brian84 Well-Known Member

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    I have done cert 3 in carpentry and joinery so cert 4 is the next level and then there is the diploma which I think allowes you to build high rise. I have been a carpenter for 15 years now

    There are companies now which allow you to get a builders licence which is recognised by fair trading and you can get it within a week with no test if you meet their criteria. Does cost $5000 though..
     
    Brian84, 18th Jul, 2015
    #19
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  20. MTR

    MTR Well-Known Member

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    I love traveling in my own country, we have an Awsome country.
    Also I really hate the travel time, it kills me.
    Au$ gone south, something else to consider
     
    MTR, 18th Jul, 2015
    #20
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