Chapter 3 | Set a Measurable Goal
"Should I save it or blow it? I mean it's only some paper..."
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“It takes wakin' up early to face the moment debatin'
Should I save it or blow it? I mean it's only some paper
None of my neighbors too nosy, the Joneses ownin' some acres…”
Legit - Nas
When it comes to investing, you want to have goals in mind. After all, you've set out to become an angel investor for a reason, and you need to decide what your goals are so you can determine whether you’re successful in your endeavors or not.
Now, I’d venture to say that so long as you get started in your investment journey, that alone is a success. If you’ve already started, then you’re already winning! Even still, you want to set goals that allow you to attain higher levels of financial freedom and personal fulfillment.
As you progress, you’ll likely want to increase your performance in the investment landscape — you might want to build a large portfolio of investments (ie. 10+ companies), or you might want to support a certain number of founders (ie. 100+ entrepreneurs).
You can even dive deeper into any of those metrics. You might want to specifically invest in 10 black entrepreneurs and 20 women entrepreneurs within the next year.
Each of those are measurable goals.
Alternatively, you could set a goal to have an exit with your investments which could come in the form of an IPO.