My experience has taught me that having a clear, achievable goal is consistently better than having only a vague vision. Also, Napoleon Hill wrote in the book "Think and Grow Rich" that it is important to have a definite, specific financial goal. Thus, I knew that I needed to set a financial goal.
Moving on, I had to decide on the amount of net investable assets that I aspire to accumulate. Eventually, I decided on aiming for 30 million dollars of net investable assets because that is the amount that will qualify me to be part of the "ultra rich club". According to Investopedia, the definition of an Ultra High Net Worth Individual (UHNWI) is:
"Persons with investable assets of at least US$30 million, excluding personal assets and property such as one’s primary residence, collectibles and consumer durables. Ultra High Net Worth Individuals (UHNWI) comprise the richest people in the world and control a disproportionate amount of global wealth. Ultra high net worth is generally quoted in terms of liquid assets over a certain figure. The exact amount differs by financial institution and region."
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