Review Time 7!
You have completed YOUR Lifetime Financial Plan! Congratulations! Let’s take a few minutes to review.
Welcome to the 3% Club
We’ve spoken in the past that only about 3% of the general population has written down their goals (Note 1). Further, only about 1% complete their goals. While we still have to complete our professional and personal goals, and then wrap them all together with our financial goals into our lifetime goal plan, I’m feeling pretty confident that if you’ve made it this far, you will continue until the end. If you want to complete all of this faster, you can take the online course available on the website, purchase the book on the website, or purchase it on Amazon. We are on the path to join the 1% club!
Review Time 7
By this time, we all understand and agree that periodic reviews are a good idea. If we are on track with our goal accomplishments, reviewing helps to confirm it. If we are behind, we can catch up and course-correct before we get too far behind. Because we all want to…Achieve our dreams and live our best lives!
We are at a milestone this week. Why is that? If you were in class with me or were taking the course, we would be halfway through the program. We’ve completed Part 1, which is learning about goals, our thought process, and all that goes with preparing us to achieve. We’ve also completed Part 2, which is financial goals. The hardest part is done! But don’t let your foot off the gas, because we still have a lot to learn!
Here’s what we’ve covered since Review Time 6:
During the post entitled “How much do I need to retire, or what’s my number Part 6, we took a stab at completing your goals template. You may have gotten pretty close, or you may have nailed it, and the next several sessions were just review.
During Part 7, we discussed what to do if you find you are unable to get to your financial destination as things are in your current situation. But we don’t just give up! Never! What we have to do is find a different path to get where we want to go. If we choose this tack, then it may be difficult. This may be the time we need to show our determination, persistence, and sheer grit to get there. If we do, then it will be worth it! However, depending upon what season we are in our lives, we may have to temper our expectations. Remember when we discussed how much runway a 787 needs to take off? If you are 25 years old, you have a lot more runway in front of you than if you are 55. It’s not to say we may not be able to get there; it’s just that the hill may be so steep that the likelihood is not that great. I’ve spoken about stretch goals, “If you can dream it, you can do it,” and the like. All of those comments are still true, but we also must be realistic in our expectations. For today, what I want you to take away from his conversation is simply this: Find a way.
In Part 8, we discussed the need for various types of insurance and for protecting your family. If you need to go back and review that post, please do that. If you need to take action, please do that as well. The last thing we want to have happen is for our family to struggle after dealing with the loss of you being gone.
During Part 9, we discussed how the path to financial freedom is not linear, that is, in a straight line, but rather crooked, and it dips and climbs as time goes by. We will still get there, just understand the road ahead of us is likely not straight and level. We also discussed what to do when we have conflict and how using the priority matrix can help us decide what to do. And we will have conflict on our path, that’s pretty much a sure thing!
And then in Part 10, we finalized YOUR NUMBER and completed the financial template. If you find you have not been able to complete your financial template at this time, that’s OK, so long as you are taking definitive action to do so. Don’t stop!
OK, that pretty much brings us up to speed. We are now ready to discuss professional goals and that will be really exciting. Remember that for most people, their profession will provide the money to reach their financial goals and will also fund their personal goals.
Do you remember why we completed financial goals first? That’s right, we did not want to self-limit ourselves in thinking that our current professional path was the best we could do financially. We need to be able to think outside the box when needed.
That’s all for this week!
Review Time 7!
Afterburner Success Partners
http://absuccesspartners.com/
What’s in it for me?
We all want financial security, don’t we? Rather than leave it to chance, let’s get on a path so we can know for certain! And that’s what’s in it for you this week!
Call to Action
Have you completed your Financial Goals Template? If not, do you need more time, or do you need help? If you need more time, then be sure to take that. If you need professional help from a financial advisor or tax professional, then seek that as well. If you would like to work with me one-on-one, that is also a viable option. In any case, take action today!
Recommended Resources
Your financial professional, tax advisor, accountant, mentor, or family are all resources available to you. If you’re interested in working with me, please don't hesitate to let me know. Throughout the course, I use various media to motivate students to succeed. I’m going to recommend one that I usually show toward the end of the class now. Click on the link in Note 1. What are you going to do with what you have?
Up Next
Effective goal setting review.
Notes
Please note that as an Amazon Affiliate, I may earn a small commission on the sale of any of these recommended resources.
Only three percent of the population sets goals and objectives, LinkedIn: https://www.linkedin.com/pulse/only-three-percent-population-set-goals-objectives-john-kapeleris/