Throughout the years, I’ve met lots of people who dream big. Here are some common dreams I hear:
- I am wrapped up in a career I hate, I would just love to [job they would love to have]
- I have a great idea for a product, I bet it will do really great
- I would love to retire early and travel
- It would be great to save a million dollars and only work on things I’m passionate about
- If only I could become a scratch golfer [or similar sports-related goals]
- I want to work for myself and plan out my own day
I’ve met lots of people who set these types of goals. Some make them happen and some don’t. Meet an interesting couple that made their dreams come true:
Bob and Robin Charlton were in their late 20’s, in debt and working in jobs that no longer excited them. They had a dream to travel more. But how could they do it? They had an epiphany. They decided that if their dream was to come true, they had to put a plan in place to make it happen. Here’s how they did it:
- They dared to dream big: Retire within 15 years
- They set goals for accomplishing the dream
- Robin retooled her skills so that she could get a better paying job
- They attacked their debt and built an emergency fund
- They invested every extra cent into index fund investments
- They reduced their expenses and rented out part of their home to bring in additional income
Fast forward 15 years later, Bob and Robin retired at age 43. Now they travel to exotic locations– for many months at a time. They are still very frugal and live on 4% per year of their investments — a safe withdrawal rate that will last them the rest of their lives without the need to work again. Dream big, it pays off!
I could mention another 5 or so people I’ve known over the years that have shared their dream with me and I’ve seen them convert that dream to reality. However, I could tell you about another 50 or so people who have shared their dream but never saw it through. Here’s why:
- It must be a shared dream. If you’re married, your family must buy into it or it will not work.
- Dreaming is not enough, you also need goals. You must have a plan for making it happen. You have to set “dream big” goals and create a list of tasks you do every day that supports that goal.
- You have to analyze everything. Once you begin working on daily tasks that support your goal, you will find that some things work and some don’t. You must build in the time to analyze everything you do and adjust until you find the right formula for what works.
- Conquering big dreams takes a lot of work. If it were easy, everyone would do it. It’s very hard and time intensive to your reach your goals, so be prepared to sacrifice to achieve it.
I hope this post has inspired you to dream big and to figure out what goals you must put into place to make them a reality. If you’re working towards a “dream big” goal (or have already accomplished one), please share your story in the comments below.
Steve and his wife built a software company, sold it and retired early. Steve enjoys blogging about lifestyle freedom, financial independence, and technology. If you like this blog, subscribe here to get an email each time he posts.
If you like this post, you might also like these prior posts:
- The American Dream is Alive and Well
- Financial Independence: What are Stocks?
- Financial Independence: What are Bonds?
- Wanderlust Began 26 Years Ago