Reason for this Goal: Own a vacation property. No matter how nice a home or place you live, some of us just need a place to get away. Having access to a vacation property, either one that you own, your parents own, or one that your friends own, is a great way to get out of the daily grind and get some time away.
Your vacation property should be at least 30 minutes to 6 hours away (by car), which you can frequent, preferably without taking a flight, unless you have enough wealth that a flight is not a deterrent.
Options for having access to a vacation property (where you own it or someone else does, who likes you) include:
Suggested Goal(s): Own a vacation property.
Your Outrageous Goal: Own or have access to 4 vacation properties, one for each season.
Our first vacation property was a cottage that my grandfather owned, near Buckhorn, Ontario, and we enjoyed many family getaways. Our second was a park model trailer that we co-purchased with our best friends at Sherkston Shores resort on Lake Erie, a camp ground with a wide variety of amenities that included a water park, a swim quarry, and a drive-on beach for cars and golf carts. We then sold, and purchased, in 2007, our own lake front cottage property (pictured above), with two separate buildings, one of which we rent in the summers.
A word of caution: owning a cottage can be a lot of additional work with maintenance and upkeep. But when you’re at your vacation property, it doesn’t feel as much like work, as long as you take time to enjoy it.
Return to lifestyle goals.
Last Updated: September 2, 2019