I think that targets for return results are completely unnecessary, because you can wish for some things, but in the end you have no influence on them. You can set a target for portfolio size and make up for missed returns by increasing investments, but this would mean that you are not using your savings rate to its full potential. I would not necessarily call your approach simple. I always try to maximize the savings rate, reduce expenses and increase income, as this is the only real influence on wealth accumulation.
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@EnjoyCapitalism I stay motivated by the goals because they are clearly defined. It's also not really a fixed plan but rather the guardrails for my financial development.
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