10 year planning is a large part of what I teach and you are right it is easy for some, but extremely hard for many.<br />
For me it isn't "what sum of money would make you believe in your goals...." <br />
it is "What sum of money is my goal". I try to explain to my students that when setting their financial 10 year goal, they have to be truthful with themselves, to be greedy. This they find hard. So I set it for them at £1 million. I then explain that although this may seem out of their reach now, it isn't so bad when you break it down into a daily amount of £274.00 per day. <br />
I also explain that even if they don't reach that £1 million goal in 10 years time, they will certainly be at least half way towards it. Half way more than they would have been if they had no goal.<br />
Sounds so much easier to achieve.
having some kind of income, ive been living with hardly any income except the schools for the past yr, having an income might help
I can feel your pain there. It's tough, no matter where you live, to not have income.
I already chased some of my dreams and while the initial cost weren't great and were in many ways intangible ....the long term costs have been greater than one could imagine. (And yet probably ...still worthwhile.)
Theres is no 'sum' of money that would make you believe in anything. What would make me chase my dreams is if I know they are definitely attainable.
really not sure that there is enough $ to be true.
It wouldn't take that much - maybe $100,000 - for me to see my goals through.<br />
To chase my dreams? Maybe $10 million.