Ann: Half Yearly Report and Accounts, page-116

1. The very poor think day to day.
2. Poor people think week to week.
3. The middle class thinks month to month.
4. The rich think year to year.
5. The very rich think decade to decade.

This is what happens when you plan long term:

• If you have a bad few months, or even a bad year, it’s just a bump in the road.
• Ten-year goals are small enough for you to believe that they’re achievable, but big enough to really move your life in the direction that you want it to go.
• You can strike a better balance between your present wants–e.g. I want a new pair of shoes–and your future wants–e.g. I want to make a sizeable investment in a mutual fund.
• Making a tangible difference takes a long time. If you’re always thinking in the short-term, you’ll never accomplish anything great.
• Long-term thinking gives your life purpose and direction.
• Once you have a long-term plan, you can set mid-term and short-term goals that will allow you to achieve that long term plan.