❝Don't let making a living prevent you from making a life.❞ -John Wooden
Amy makes $110,000 per year. She barely remembers that five years ago, her main goal was to be able to make at least $100,000 per year. She met her goal a couple of years ago, and it felt good - for a little while. Then she got used to it and she set a new goal of making $150,000 per year.
Ben goes in to see his financial advisor and tells him that his "magic number" is $1 million. He thinks all of his financial worries will be over once he has $1 million saved and invested. Two years later, he had $1 million invested, but it didn't feel like enough. He changed his "magic number" to $2 million.
Cassie wants to be a part of the FIRE movement (financially independent retired early). As such, she hopes to be financially independent and retire by age 40. She accomplished her goal and, at age 41, doesn't know what to do with the rest of her life.
It's common to think that money is a goal, but this is likely to result in regret. Nobody lies on their deathbed wishing they spent more time with their money. Instead, when people look back on their lives from their deathbed, they tend to regret not being true to themselves, working too hard, losing touch with their friends, not expressing themselves, or putting off their happiness.
LIFE IS SHORT
I was born, and someday I will die. Life is finite. Not only that, but I've already lived some of the life that I have available. In other words, every day I wake up, I have one less day left to live.
You might be wondering why I bring up the obvious. Everybody knows this. If you stop and talk to the first ten people you see, every single one of them will tell you that they know life is finite and that they will someday die.