Sometimes, it can be a good idea to let go of certain goal in order to reach another objective. This is what we have done in November.
In the last monthly update post, I was quite optimistic about reaching our 2015 savings rate. Now, I am less certain to hit that goal. I am not even worried about it.
In November we decided to book a ski trip with the girls and some friends in the upcoming ski season. This was some sort of a split second decision. The opportunity was there, so we took it. We only reflected some minutes after seeing all the details and the costs.
For us, it has been 7 years that we did not take a ski holiday, or even a real holiday outside of Belgium. Travelling with the kids and exposing them to different adventures is one of our goals. It therefore is a perfect fit with the kind of life we want to live. As going to ski does not comes for free, we will need to find the cash. We will use our year end bonus for this. As a result, we will most likely miss our 2015 savings rate goal.
A few days later, this made me think: is than an issue? What is the impact of missing a 2015 goal. I did not take long to realise that there are more important things in life.
Getting to spent some quality time with friends and family is always good. In the end, this is what we life for. Living experiences and having good memories that is what makes life successful. Taking our kids to a ski holiday sooner that anticipated and budgeted is worth it.
Missing a year goal is not bad. It is the result of a decision that adds other value to life. It is not the result of a sudden useless splurge on a new car or other item. We should not miss the goal by a lot. The net worth goal should still stand by year end. In the long run, I hope it will be glitch on the graph, nothing more
A plan and goals should not be written in stone. They should not tie you. I have always believed that a good plan is a flexible plan. Goals and priorities change over time. It is the plan that should adjust, not the life. In the long run, I prefer to have lived the life I want, and not a life that is focused solely on FIRE by a certain date. I think both are equally important. To reach FIRE, we live below our means and invest the rest. That sounds like a good plan.
Being able to go on a family holiday is a real gift. There are many people out there that can not enjoy this luxury. We are aware of this and thankful for that.
Do you sometimes miss a goal on purpose?