Just thought I'd share an annecdote from a conversation I had with a friend a couple of months back. We were talking about his new house he was having built on the outskirts of Sydney, and I was discussing my plans (in broad terms) over the next 2-5 years (such as buying a house once I've done X, new car after I've achieved Y, new camera after Z). My friend shook his head and told me how scary it was that I had everything planned so carefully and so far into the future. Out of most of my friends, this guy was probably the most sensible with his money (not extravagant, but not really an investor beyond his PPOR). It struck me how difficult it was for many people to conceive a plan or goals and work towards them. Another friend on the weekend who has just bought a new digital camera couldn't understand why I would wait over 12 months before purchasing (I originally discussed my planned purchase with him 6 months ago, and I won't be buying for another 6 months or so). He knows I've got enough money to buy it any time (budget is close to $5K), but he couldn't really understand why I would wait. They may think I'm very patient ... but unlike them, there's no way I could wait another 30 years or so to "retire" ... I want it now!