Hello SPIers, today im going to talk about setting goals. This is something you will hear me talk alot but today im going to break it down and explain exactly what I mean by setting goals.
We all have goals or targets we have in our heads be it for anything. Could be "I wanna pay my mortgage off, I wanna go back to school and start a new career, I wanna learn to play the piano or the classic I want to be a millionaire" Could be everything but most will fail at the start by setting a big goal, not knowing where to start and being overwhelmed and then quit. I've been there too many times myself. I think, crap, if I started this thing or that thing 5-10 years ago, i could have hit my goal already.
I want SPI to be a $5 million Fund
This is a big goal when we consider SPI started with under $15k in funding money but we dont expect to go from $15k to $5 million in one step. We have to do it in thousands of small steps, small targets, each target almost meaningless on its own but collectivity all adds up to something amazing.
Why $5 million? Because this is enough for me to do SPinvest full-time and make it all legit. Going legit costs money and it's not cheap with a ballpark of between £60-100k. This is mostly paying auditers, and lawyers to sign papers setting up a depositary, having a 3rd parties asset controller and then putting an accountant, a lawyer and a director on the payroll (freelance). I'll get approved from the FCA in the UK as either an asset manager or fund manager and set up SPI and EDS as alternative funds under SPinvest.
Sounds like a nice dream? To be honest, that would only be the start of it. If SPI were legit, we could create an open fund and sell shares into the real stock market and you could add SPI to your pension from work. How crazy would that be?
Getting to $5 million is a dream at this point but you can not have a dream come true if you dont have a dream to start with. When we get to $5 million, the real value will not be the $5 million worth of assets we hold. It'll be the journey, the knowledge we've picked up to get there and acquire it, how it's changed us as a person and the satisfaction of knowing we did it.
Getting there for SPI is one cycle at a time, I dont think in years, I think in cycles. Im not going to go into great detail but the plan in a nutshell for SPI is to buy in the bear market, sell in the bear and hold stables until buy again in the next bear market. We do a hundred different things in between buying and selling. We post content, we do DEFI, we do gaming, we do EDS and its tokens, DAB and its tokens, and we do alot of small things to keep us busy but the main money will be made in the bear markets when we buy discount crypto.
Enough about SPI, lets talk about you.
Set the Bar Low
You might think why? First off, to achieve something big we need to take steps and lots of small steps make sense second, you can sort of trick your brain into rewarding itself which boosts you to keep going. With SPI from day 1, we stated we would aim to increase the fund value by 20% each year. This is a pretty small target and it's like that on purpose. If you set the bar low, you can achieve your goal almost every time. When I say SPI will increase by 20% each year and it does, this is good for SPI's reputation because we shows we can deliver what we say. This is better than shilling a BS number like 50% growth per year and falling short which would make SPI look like a piece of crap token.
Set the bar so low, you can't fail. Each time you hit your target, you'll get that small dopamine hit and be encouraged to continue on. When you start something new, you start at the bottom, think of any sport, hmmm, golf and you want to learn how to hit a golf ball properly, this is your goal. Break this down into learning how to hold a club, what each club is for and it's range, how to stand, learn the swinging technique by practising it 500 times, then do low power swings 100 times, medium power swings 100 and full power swings 100 times, learn where the ball will go depending on where you hit it, practise hitting a ball on certain parts of the ball (stopping before impact). And all this before you even hit a ball. We've just taken the first step of playing golf "Learn how to hit a ball" and broke it down into 13 mini low bar non-failable goals.
Each time you hit a goal, set the bar a smidge higher next time. In the beginning, it can seem pointless and like each target you hit is getting you nowhere but progress is progress no matter how small. When you start to see results, you'll be encouraged and feel more confident in your abilities to set higher targets. Winning is a great feeling; by setting the bar low, you can win each time and trick yourself into being more motivated.
Set a nice big end goal and daydream about, daydream what you'll be able to do when you hit your big goal and really think that shit into existence. Think of all the finer details and map everything out about how you will get there. Break your goals down into 25 stepping stones and then break down each of the 25 steps into 20 bite-size steps.
As an example, if you are saving for a house deposit, daydream about all the cool things you're going to have in your new home when you buy it. Know how each room will be fitted out down to where the dog's water bowl will stay. You have no idea what the house layout will be but you can make it up in your head, I know that sounds crazy to read but we are talking about daydreaming about hitting your big end goal and thinking something into being.
Each small low bar target hit and closer to the big end goal. Set the bar low, so low and you can't fail and you'll win. Being consistent helps massively also and starting, starting is maybe the most important step.
Wrap Up
I hope you found this to be an interesting read. From my personal journey, I can confirm this works and setting small low-bar goals compounds. I came back from living in Thailand for a year in 2013 with 5 figures in debt and a mortgage. Today I've been debt-free for about 9 years, the mortgage is no more and I've a nice retirement stash. I've gone from having 1 income and living broke to pay off my debt to having a few incomes, no debt and spending every penny I get from my real job while investing my other income.
It's not much to boast about but for me mentally, im alot more relaxed. The wife can use the debit card without me having to worry there's enough money in the account to pay for whatever she is buying, we eat better food, treat ourselves more and take nice holidays. Compared to 10 years, life has upgraded alot and it is thanks to setting targets, making action plans and breaking down steps into hundreds of small actions. It's not magic, it just takes time and the right attitude.
I've also watched many others achieve their goals and watched them put in the time and commitment to achieve them.
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| DAB | @dailydab | DAB |
| DBOND | @dailydab | DBOND |
Stay up to date with investments, and fund stats and find out more about SPinvest in our discord server
The goals for SPI have always been realistic and the track record has proven itself since the funds beginning. We like the roadmap and small actions in between cycles to ultimately reach the end goal. Learning through the crypto cycles will allow for SPI to better achieve its goals in the 'coming cycles.' All aboard the SPI train, I'm (we're) here for the ride. Thanks Stacker-man
Oh yes, I've always mostly set small targets for SPI, this is why its an undervalued token but whatever. We'll grow stronger each cycle while the others fade and get weakened each cycle.
Cheers for your support as always Bro 😁
What a refreshing read! We so often read articles or posts about goal setting and you would hear that if you achieve your goal too easily, you don't set your goals high enough... As you mention in your post, dream big and set those big goals. But nobody ever talks about those small, easy-to-achieve goals in between.
Now don't get me wrong, I have nothing against pushing yourself, but what I have read in your post is so realistic and practical. It just makes sense. There is no better motivation than achieving success.
Thanks for sharing this!
Thank you for the nice comment. I am glad you enjoyed the post. People will set big targets and then become overwhelmed because they can think of a starting point and give up. Another thing I could have mentioned was having an accountability partner, that could be a post in itself.
Thank you again for the comment and feedback.
You're welcome👍
Yes, an accountability partner is an awesome idea and I would love to hear your view on that!