Comments on: Josh's Life Purpose

By: Getting Out The Climbing Gear «

Getting Out The Climbing Gear « — Thu, 20 Nov 2008 09:42:55 +0000

[...] priorities somewhat? Decrease his compound growth rate as much as we can whilst staying true to his Life’s Purpose; improve his business model a little; and, decrease the risks on investments a touch, to still get [...]

By: AJC

AJC — Mon, 22 Sep 2008 18:27:26 +0000

@ Josh – I gave up on working on my “first million by 30″ (too hard) … jumped straight to working on my “second million” instead

Actually, I would have liked to make 1m31y, but settled for 7+m45y instead … no reason why you should settle for less, tho’! GL

By: Josh

Josh — Mon, 22 Sep 2008 17:21:11 +0000

@ Debbie – I honestly hope to stop what I’m doing sooner then 31, living off income from businesses. By 31, I would like the businesses to be worth enough to allow me to cash out and retire. That is when I can go work on whatever is interesting me.

By: Debbie

Debbie — Mon, 22 Sep 2008 02:39:13 +0000

When you retire at 31, does that mean you would be done working on solutions to world problems… or that’s when you would BEGIN doing that and stop doing whatever it is you’re doing to earn money now?

By: AJC

AJC — Sun, 21 Sep 2008 23:37:51 +0000

@ Josh – Great! Because, you need to keep in touch with the other posts and comments (the nature of this blog is fluid, not static – just click under each person’s photo to keep up to date) ….

Feel free to create your own, putting on it whatever you want … but, remember that it’s the NEEDS that will drive you not the WANTS – it’ up to you to decide which is which. We’ll use this list to rework your Number, so don’t worry about that for now.

By: Josh

Josh — Sun, 21 Sep 2008 23:34:17 +0000

@AJC – nevermind on the A thru F question, just went over to Lee’s page and saw the latest comments.

By: Josh

Josh — Sun, 21 Sep 2008 23:27:20 +0000

@AJC – I absolutely have figured the “anything I want” into my final number. Owning a fine Italian Sports car is absolutely something I want to do.

A large amount of my final number compensates for inflation. Since I will be retiring at 31, that leaves me with > 70 years of living. That’s a lot of inflation.

Also what do you mean A thru F list?

@Scott – the underlining concept of my Life’s Purpose is to actually remain without those specifics for now, allowing me to be adaptable and endowed with the freedom I’m searching for. Although I do know for certain a Lamborghini Murcielago is in my future.

Also my Rear Deck Speech is telling my grandchildren why my life was so wonderful. In the post, I’m telling them it was wonderful because I was able to live it in a way that was fulfilling. I guess now I’m thinking I should probably add that it’s important to not only be fulfilling but also morally and spiritually correct (to my values of course since these are my grandchildren).

@Lee – Thanks for the encouragement and advice. Your definitely right, this is difficult.

By: AJC

AJC — Sun, 21 Sep 2008 20:54:17 +0000

@ Lee – As I mentioned on your blog; I don’t think that anybody’s Life Purpose need mean anything EXCEPT to that person. Mine sounds pretty ‘pithy’; it is important to me nonetheless (e.g. it drove me from $30k in debt to $7 million in the bank in 7 years) …

… but, no reason why we in the 7m7y Community can’t question (not challenge) how that might translate into money AND encourage the person to set financial goals JUST SUFFICIENT to help them ‘grease’ their Life Purpose’s wheels.

It’s defining ‘just sufficient’ that will be the critical next step for all of you – all this work on Your Life’s Purpose (at least as far as this blog goes) has merely been to get you mentally ready to make this first critical FINANCIAL assessment.

By: Lee

Lee — Sun, 21 Sep 2008 19:58:37 +0000

Josh – I hear what you’re saying and I understand it. But I’m listening with my “heart”. The “Life Purpose” thing requires that we articulate to others something that “they” can hear with their “head”.

It’s difficult, no it’s very difficult.

I think I’ll coin a phrase…

“Dreams Don’t Always Fit On Paper”

I’m not a good one to comment on this but if I may be so bold, maybe the way to put it all together is to “think with your heart but use our head”.

By: Scott

Scott — Sun, 21 Sep 2008 14:30:15 +0000

@ Josh – Do you have an actual rear deck speech written? I think this would be helpful to you, as well as answering a few specific questions in your post as to what you DON’T want in your life and then specifics to what you DO want in your life. All this will lead you to being able to write a clearly defined purpose statement for yourself. Good luck and keep thinking!