This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
Koichi earnestly wished for world peace and became a priest.
I finally realized my long-awaited dreams of traveling in Africa.
Yay! After all this waiting, I finally got a boyfriend. I guess if you wish hard enough, you really can get what you want. I’m so happy!