I was asked, "Do you have a goal?"
To be honest, I'm reluctant to answer this question, saying that there are things that others say that you are pretending, after all, it has not been realized, and saying that you don't feel too disrespectful to yourself. So, when I encounter this kind of problem, I usually perfunctory.
I set a goal to set a higher standard, just like setting a university goal for myself before the college entrance examination, I will set a higher standard, in order to demand myself with high standards, even if I don't meet such a requirement, there will be good results if I take a step back.
After setting this goal, I will break down the goal into small goals by taking this goal as the end point, and then work backwards to what knowledge is needed and what resources are mobilized to cooperate, and each stage has a small goal that must be achieved, what are the remedies for the small goals that have not been completed, what are the major difficulties encountered in the process, how to deal with them, and so on.
Like what:
If you want to earn four times the current total capital in ten years, then you must ensure that your own funds can grow at a compound annualized rate of 15% every year; if you want to earn ten times the total funds in ten years, then you must ensure that your own funds can grow at a compound annual rate of 26%; if you want to earn 20 times the total funds in ten years, then you must ensure that your own funds can grow by a compound annualized rate of 35% every year.
To achieve such a compound annualization, it depends on several factors: the amount of starting funds, personal ability, social resources, luck.
I think that among these factors, the amount of starting capital is the most basic, personal ability is the core, social resources are the most powerful supplement, and luck is the most uncontrollable.
The amount of starting funds determines the level of the compound. If the starting capital is small, such as less than 100,000 yuan, then it is not difficult for you to maintain a compound annualized rate of 35% in ten years, we can look back at the past ten years, those contractors who only have tens of thousands of yuan of initial capital in hand, and now many of them have increased by more than 20 times; If you have technology, you won't make money from the low compound years of lending.
Personal competencies cover a variety of aspects, including financial literacy, business capabilities, market analysis, risk control, etc. This requires me to keep learning, practicing and accumulating experience. For example, I may need to improve my investment skills by reading financial books, taking investment courses, and following market dynamics. At the same time, the lessons learned in actual entrepreneurship are also an important way to improve personal ability.
Social resources include contacts, information, opportunities, etc. By expanding my social circle, I can be exposed to more industry information and investment opportunities. For example, attending investment forums, communicating with industry insiders, and joining investment clubs all help me get first-hand market information and investment advice.
Luck is the most uncontrollable factor, but it also plays an important role in the investment process. For example, unexpected events in the market often have a significant impact on investments. In this case, the most important thing is to stay calm and adjust your strategy in time to respond to uncertain market changes.
In the process of achieving the goal, there will be various difficulties. For example, difficulties in money management, market uncertainty, fluctuations in personal emotions, etc. In order to cope with these difficulties, I need to develop a strategy accordingly. For example, when it comes to money management, I have strict risk control rules in place to avoid irrational decisions caused by greed or fear. In the face of market uncertainty, I will maintain a flexible investment strategy and adjust my investment direction in a timely manner to adapt to market changes. In terms of personal emotion management, I will stay calm through meditation, exercise, etc., so as not to affect my investment judgment.
At the end of this journey, I would like to say that no matter how far away or difficult the goal is, it is important to have the goal and work towards it. Factors such as the initial capital, personal ability, social resources, and luck in the above example can all affect our success, but whatever the goal, it is ultimately all about how we face challenges, learn new knowledge, utilize resources, and adapt our strategies to changing circumstances. As long as we stay focused, flexible and determined, we can get closer to our goal. In the process, we will learn valuable experience and knowledge, which are more important than money. So, while I don't want to answer the question "Do you have a goal?", I know that having and sticking to a goal is the greatest respect for yourself.