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What’s Your Ultimate Goal?


What's Your Ultimate Goal? Do you have an ultimate goal?  If you can do anything at all, what would it be? Is it your current job? Many of us are so busy with day to day life that we don’t have time to think about what we really want for our future. When you don’t have a long term goal, your objective is only to get through the day/week/month. Years will have flown by and you will still be doing the same thing with no direction. You need to visualize your ultimate goal and make your way there.

Are you currently doing what you want to do? If you are a software programmer, the #1 job in 2012, are you doing something that you want to do 20 years from now? Let’s say you like being a software programmer and love working with computers. What would make your job better? Is it a bigger paycheck, being in a leadership position, starting your own company, or something else? You can’t expect to the do the same thing forever because nowadays, job expectations change. When you are in a senior position, the corporation will expect you to contribute more.

I’ve been in my job for over 15 years and it started out well. I liked the work that I did, but I neglected the long term plan. The pay was good and the job was challenging, so I lived from project to project without mapping a course to success. Eventually, this caught up with me. My job expectation changed and I started to lose interest. Now that I think back a bit, my naive answer to “what would you like to do in 10 years” was to become a manager so I can make more money and climb the corporate ladder.

Now that I’m a bit older and know myself more, I’m pretty sure a corporate career is not for me. When I first realized that becoming a manager was not my cup of tea, I didn’t really update my long range plan.  That was not wise, but it’s never too late to make a plan.  I’ll keep my rants about the corporate culture to myself today and explore what my ultimate goal would be. You’re probably asking yourself now – if he is going to retire, does he need an ultimate goal? Well, I have to do something for the rest of my life, right? I’ve got 60+ years left so I’d better make a plan. Yes, I plan to live happily to be a centurian. 😉

The RB40 Villa

I have been dreaming about owning a B&B in a tropical paradise for a while now. As long as I’m dreaming, might as well make it a perfect dream. The ten acre RB40 Villa B&B will be situated on a white sandy beach with year-round perfect weather. We will have 10 environmental friendly beach huts with solar panels. Each dwelling will be unique, secluded (no view of other cabins), and off grid.  There will be a mixture of tiny houses, container homes, and stilt houses, all of unique yet simple architecture. Our B&B will emphasize tranquility and rejuvination. There will be no TV in the huts so the guests can wander the extensive garden, spend more time at the beach and enjoy nature.

Guest can learn to ride horses on the beach, bike to town, take surfing lessons, order picnic lunches, play beach volleyball, join a Tai-chi or Yoga class, or just soak in the sun. We’ll have an open-air gathering area with a community BBQ, big wood fired brick oven (for pizza night), and dining tables where guests could gather and hang out. There will be a projector here so we can have movie nights and soccer nights. (I’m not a soccer fan, but there is always a huge festive crowd around a soccer game in foreign countries and it is a lot of fun in that atmosphere.) I’ll do minimal work and hire people to do all the cleaning, booking, and other jobs for me. Maybe I’ll pick up and drop off guests from the one-flight-a-day airport. Oh yeah, the most important thing is the RB40 Villa will be cash flow positive enough for me to live a comfortable lifestyle in one of the nicer huts. 🙂

This is the first time I’ve written down this long range goal and I’m nowhere near it. I’ll have to figure out how to get there eventually. Here are some steps that I can work on over the next few years.

  1. Save up money and invest so if the right opportunity comes along, I will be able to take advantage of it. Enough money can remove almost any obstacle.
  2. Search for the right location. I’ll take a trip to the Big Island next year and see how things are. We’ve been to Belize and I think that could be a good option. I would like to buy some empty land and then build up later. We have got many years until baby RB40 goes to college.
  3. Slowly convince Mrs. RB40 that this is a good idea. If I keep at it, I might be able to make some headway in 10 years or so. She is stubborn like an elephant.

I’d better wrap this up so we can get back to your ultimate goal. It’s important to make a long term goal and keep working towards it. Sometime the long term goal may not be what you thought, but that’s ok, you can make course corrections and reset the goal. I’m not going to say you will achieve your dream if you just work as hard as you can, but I’m sure you will be closer than you are today.

I would love to hear about your ultimate goal. Is it to teach and become a principal someday, own your own business, or win a Nobel Prize? Please share some of your dreams with us. 

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Joe started Retire by 40 in 2010 to figure out how to retire early. He spent 16 years working in computer design and enjoyed the technical work immensely. However, the job became too stressful and Joe retired from his engineering career to become a stay-at-home dad/blogger at 38. Today, he blogs about financial independence, early retirement, investing, and living a frugal lifestyle.

Passive income is the key to early retirement. This year, Joe is increasing his investment in real estate with CrowdStreet. He can invest in projects across the U.S. and diversify his real estate portfolio. There are many interesting projects available so sign up and check them out.

Joe also highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help DIY investors analyze their portfolio and plan for retirement.

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{ 58 comments… add one }
  • Lily @ The Frugal Gene September 22, 2017, 5:42 am

    I’ve always wanted to a writer – I want to write something infamous. The stuff they’ll ban for a few decades before realizing it’s good stuff. Maybe involving a prison threat and free speech lawyers xD! Other than that… passive income and a BnB Villa sounds darn good too! I’ll take both!

  • Prasun Choudhury June 15, 2013, 2:50 am

    I recently visited Big Island and met a couple of B&B owners who have retired and started their B&B’s on the Kona side of the island (near Captain Cook). Big Island is definitely quite a bit cheaper than Kauai, though I like Kauai better for it’s rustic beauty. Incidentally, I stayed in a room in a bamboo house (booked through airbnb); the landlady is also a retiree who rents rooms in her house on and off (almost like a B&B) which complements part of her income. I will try to visit Belize and Guatemala in future and explore central America a bit more.

  • Steve May 2, 2012, 4:26 pm

    I don’t really have an ultimate goal. When I was a kid I wanted to live in a remote cabin in the woods. Nowadays I guess that would be ok if it had a great internet connection.

    Really, I’m saving because I don’t know what Future Steve will want. I hope that vision will, someday, reveal itself to me.

    • retirebyforty May 2, 2012, 5:22 pm

      A good internet connection is a must these days. Keep your eyes open and I’m sure you will figure out something. 😉

  • Daisy @ Add Vodka May 1, 2012, 7:08 am

    I don’t even really know what my ultimate goal is. To be successful? Definitely to become a “big shot” – lol – maybe an executive or something. I’ve always wanted to write a book. It’s good to really look at what you want to do and how you’re going to get there!

    • retirebyforty May 1, 2012, 11:57 am

      Sure, an executive sounds good. 😉 At least make a dream goal and see if it is a good fit. You can always change it later if it doesn’t work out like you thought.

  • Aloysa @My Broken Coin April 30, 2012, 7:33 pm

    I better get invited to that B&B, my friend! My ultimate goal is to become a published writer. However, I think it is more a dream than a goal.

    • retirebyforty May 1, 2012, 11:53 am

      Really? I thought you’re already a published author.

  • Financial Samurai April 30, 2012, 2:45 pm

    The villa sounds great man!

    I’d like to have multiple properties around my favorite vacation destinations and fly private. Is that too much to ask?

    • retirebyforty April 30, 2012, 4:04 pm

      Not at all. How many favorite destinations do you have? 😉
      I know of Tahoe and Hawaii already.

  • Jen @ Master the Art of Saving April 30, 2012, 12:21 pm

    One of my goals for this year is to figure out what I really want to do with my life. I’ve been stuck focusing only on the day-to-day and don’t really have a clue what I want to do. This is a great reminder for me to get working on it though. 🙂 The RB40 sounds like an awesome goal, maybe we’ll stay there one day.

    • retirebyforty April 30, 2012, 4:06 pm

      Yes, spend a few minutes to figure out what you want. It’ll give you some direction.
      Sure, you can stay. I’ll give you 50% discount. 🙂

  • Alexa April 30, 2012, 6:38 am

    the Big Island is WONDERFUL!!! Our dream is to be in Hawaii!

    • retirebyforty April 30, 2012, 9:54 am

      I’ve been to Oahu and Maui, but not the Big Island yet. Next year is the goal! 🙂

      • Matt May 4, 2012, 5:35 am

        The Big Island is great! There is soo much to do you need at least 10 days to knock out the basics. I think visiting Waipio valley made me a better person and appreciate the small things in life and the earth itself.

        You have to go to Pololu Valley and hike down to the black sand beach. Its a strenuous hike so come prepared and take lots of pictures.

        The volcano…nuff said, how can you not go to the volcano!

        Snorkeling at Capt Cooks monument is a must. I recommend snorkelling more but at least this spot.

        So many other things, all of the water falls, trails, beaches, sea turtles, manta ray swimming,

        One thing that we didn’t have time for was to go to the observatory which is at around 9,000 ft elevation is supposed to be one of the best spots on the planet for star gazing…we’ll catch this one next time.

        We’ll be in Kauai later this year and maybe we’ll come accross a new business opportunity that will move us there! Aloha!

        Full disclosure: Alexa is my wife 🙂

        • retirebyforty May 4, 2012, 10:12 am

          I can’t wait to visit. We went to Kauai a while back and it was great. Snorkeling was awesome.
          Thanks for the tips on the Big Island. I think we like white sandy beaches better than black. 🙂

          • Matt May 4, 2012, 10:49 am

            I have to agree with you on the white sandy beaches. However with the two I mentioned, I enjoyed the journey getting there versus the beach itself. You can’t just drive up to these. Pololu Valley is really cool and kind of forms a cove that funnels waves into it, so you will get some pretty good surf. its a short hike but it is steep….my legs were pretty shaky at the end of it.

            Waipo Valley should be seen via a hike or horseback. We did ATV’s and it was amazing but I sooo wanted to spend more time enjoying the small community that lives ing the valley (atv’s didn’t actually go down into the valley, horses do). There are about 100 people that live in the valley where there is no electricity or running water. One must be of Hawaiian decent in order to rent or own property in the valley must produce a certain amount of taro root per year in order to remain on the property. very special place and has one of the tallest waterfalls on the Big Island.

          • retirebyforty May 5, 2012, 10:09 pm

            Thanks for the tips. I’ll keep it in mind when we visit next year. Waipo valley sounds really special.

  • Darwin's Money April 29, 2012, 8:45 pm

    My ultimate goal is to just have enough money set aside to do some pretty reasonable, but in this economy, challenging things:

    – Retire comfortably with roughly our current income in present day dollars
    – Put our 3 kids through college
    – Have enough contingency money set aside for unforeseen health issues and to leave a legacy, perhaps funding college for our grandchildren as well.

    that’s it. No personal jet, no island ownership, just taking care of the family.

    • retirebyforty April 30, 2012, 9:53 am

      What will you do afterward? I’m sure you will make those financial goals, but don’t you need personal goals too?

  • SB @ One Cent At A Time April 29, 2012, 12:44 pm

    My ultimate goal is to be become authoritative and respected figure one day. All my work and effort are spent in that direction.

    • retirebyforty April 30, 2012, 9:52 am

      That’s a great goal SB!

  • Kanwal Sarai April 29, 2012, 11:59 am

    Hi RB40,

    I really enjoyed reading about your ultimate goal! The RB40 Villa, I like the sound of that!

    My ultimate goal would be to open a natural health & wellness retreat, complete with beautiful ocean views, yoga classes, and everything you need to de-stress and add years to your life. The exact opposite of the continuous 9-5 rat race most people find themselves in.

    Thanks for allowing me to share my dream!


    • retirebyforty April 30, 2012, 9:51 am

      I like your natural health & wellness retreat too. My dream is similar to that. There are too much pressure in our lives. Thanks or sharing your dream! Good luck.

  • Shilpan April 29, 2012, 10:30 am

    My ultimate goal is to immerse myself in the moment now, and keep asking, “Do I love what I do?” If answer is yes, stay in the moment with a laser sharp focus. Let go of worries of the past or the promise of the future. Simply do the smallest task as best I can do now. 🙂

    • retirebyforty April 30, 2012, 9:51 am

      I like that. Live everyday so it counts. You still probably need to think a bit about your long term plan though. I find that living for the moment only works for so long. Good luck!

  • FI Fighter April 29, 2012, 12:50 am

    That’s funny, when I was first starting out in my career I use to have the same aspirations to climb the corporate ladder… my goal was also to become a manager as it just seemed like the logical thing to strive for. I’ve only been working 5 years, and already lost interest 🙂

    Now I’m like you and daydream about tropical paradises. At one point, my job was close to the beach so I use to frequent often on the weekends, always thinking, one day this will become my reality.

    Best of luck on your goals and dreams. Sounds like utopia!

    • retirebyforty April 30, 2012, 9:49 am

      I think young people wants to climb the corporate ladder and make more money and take on more responsibilities, but it’s not for everyone. It would be nice to live near a beach. 🙂 Good luck to you too.

  • Robert @ My Multiple Incomes April 28, 2012, 7:57 pm

    My ultimate goal is to amass a sum of money through any means (work, side hustles, investing) that will allow me to live the lifestyle I want to without worrying about money. I don’t need private jets, but I don’t want to not be able to vacation because of my budget.

    • retirebyforty April 30, 2012, 9:48 am

      I don’t know if a sum of money is a good goal. I like having a lot of money, but there must be other goals too.

  • Dana April 28, 2012, 7:44 am

    My ultimate goal is become bilioner from stock investing. Hope I can reach it before 50. 😀

    • retirebyforty April 30, 2012, 9:46 am

      What will you do once you have a billion dollar? 🙂

  • Kim April 27, 2012, 8:33 pm

    Goal #1 is to sell my business for a profit and slow down, which is happening at the end of the year! Goal #2 is to invest in real estate, and we closed on our first investment property yesterday. Goal #3 is to be able to live somewhere near the ocean for at least a month per year. Not quite there, but hopefully with building up passive income from the first two goals, we will get there.

    • retirebyforty April 30, 2012, 9:46 am

      Congratulation! I think it’s still a great time to invest in real estate.
      I want to live near the ocean too and I want it to be warm enough so I can swim. The beaches in Oregon are too cold to swim with out a wet suit. 🙁

  • Jai Catalano April 27, 2012, 6:23 pm

    I think I qualify for doing what I want to do. Could I be making more? Yes but it’s growing and I love it.

    • retirebyforty April 30, 2012, 9:45 am

      That’s great Jai! I’ll get there someday too.

  • krantcents April 27, 2012, 3:03 pm

    Just talking or wwriting about goals makes us think about goals. When I retire I want a series of things to do that in itself would not take up too much time. I want to volunteer, write professionally (blog and/or articles) and travel more. I expect other goals to develop from those things.

    • retirebyforty April 30, 2012, 9:44 am

      I’m sure you will keep busy during retirement. 🙂

  • SavvyFinancialLatina April 27, 2012, 2:55 pm

    This is a great post! My hubby and I have been talking a lot about aligning our career goals with our life goals. I want to be successful, and for a long time I have seen it as climbing the corporate ladder, but I don’t know if that is what I want for my life.

    • retirebyforty April 30, 2012, 9:44 am

      You are young so you can try a few things. If you find out climbing the corporate ladder is not for you, then you can make new goals. Good luck!!!

  • Broke Professionals April 27, 2012, 1:30 pm

    Oh wow, this is a BIG question – and, I’m sad to admit, one I haven’t really contemplated all that much. Money and security are big things for me, but they really shouldn’t be the guiding force in my life. I know my husband’s ultimate goal is to leave law enforcement and become a prosecutor – but I haven’t a clue what my ultimate goal is.

    • retirebyforty April 27, 2012, 10:22 pm

      You should take a little time to think about it. It might take you in unexpected direction. 🙂
      Have fun!

  • Invest It Wisely April 27, 2012, 9:58 am

    I don’t think I have an ultimate goal. It never ends. Life goes on until we’re dead, and with technology advancing the way it is, that may be a long ways off.

    My primary long-term goal for now is to reach financial independence, and turn my adventure into a sustainable long-term business. That would be sweeeeeet. 🙂

    • retirebyforty April 27, 2012, 10:20 pm

      I don’t think financial independence is a good ultimate goal. What will you do when you are FI? Travel or write new more apps?

      • Invest It Wisely April 29, 2012, 6:21 am

        Probably more of both. As long as you have an Internet connection and a decent place to work, you can do that anywhere. 😉

      • Invest It Wisely April 29, 2012, 6:25 am

        P.S. I see a lot of retired old guys owning many of the B&Bs and resorts in Grenada, where I am at the moment. Looks like a nice and relaxing way to spend some older years. 😉

        • retirebyforty April 30, 2012, 9:43 am

          It’s better than sitting around and watching TV all day. 🙂

  • Jeff @ Sustainable Life Blog April 27, 2012, 8:44 am

    Joe –
    That sounds like a totally awesome goal! I would love to come for a weekend at an RB40 villa, i’m sure it would be a great time. Have you considered trying your hand with a bed and breakfast or something similar – you wouldnt have to move right away.

    • retirebyforty April 27, 2012, 10:19 pm

      That’s a possibility. I’ll have to keep my eyes open for local opportunities. We might be able to do that in a few years when the little dude goes off to school.

  • Dollar D @ The Dollar Disciple April 27, 2012, 7:57 am

    I was thinking casino resort so we’re along the same lines 🙂

    • retirebyforty April 27, 2012, 10:16 pm

      A casino resort is a great goal. It’s going to take a ton of money though so I hope you are wheeling and dealing. 🙂

  • Kurt @ Money Counselor April 27, 2012, 7:33 am

    Please put me down for a week’s booking in one of the stilt houses. Thanks!

    • retirebyforty April 27, 2012, 10:15 pm

      You’ll be my first guest! 😉

  • Virginia April 27, 2012, 7:27 am

    What a nice goal. It’s good to have dreams. Mine is to be a writer someday.

    • retirebyforty April 27, 2012, 10:14 pm

      Good luck! That’s such a huge area. What do you want to write?

  • laura April 27, 2012, 1:31 am

    Ha, I posted on a similar thing today! Our ultimate goal is to move abroad (Portugal), we considered the B&B route too (it’s still an option).

    Good luck!

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