“We gotta have a plan. Why? So we can change the plan!” This is frequently said in my office, usually by me. Everything we do in life usually starts with some sort of a plan. If you have been reading recent posts you can tell that all three of us are very plan oriented. It helps with organization and efficiency and your whole team (family) knows what they need to do as it fits into the overall. Then you need to have the process in place to execute your plan. When you have both of these working together the end result is profit.
- Quality education Kindergarten through college with enough money set aside for my children to go to the best school possible
- Save enough money to retire at age 55 and be able to do my own business and live in a warm weather state
- Travel to Ireland for a month to research my family ancestry and do immersion learning of the Gaelic language
- Review the appropriate schools based on child’s age, start savings acct for each each child at birth, encourage & promote good study habits, college visits, fill out scholarship applications.
- Start saving a minimum of 10% into a 401k account when you get your 1st job, save additional 10% for savings account and investment fund, spend less than you make, take advantage of employer’s 401k match program if available.
- Choose date to travel, research places to stay and airfare, request time off from work, research family information on Ancestry.com, book air and hotel accommodations, contact genealogy specialist in Ireland and make arrangements to meet.
- Your child attends the best schools throughout their life, gaining valuable knowledge and experience which enables them to start their own successful company
- At age 55 (or sooner!) you have the funds necessary to “retire” and start your own business, making your own hours and being able to live where you choose (warm weather here you come!). You are able to make a difference in the lives of those around you as you teach, motivate and encourage others. You are now making more money doing what you love.
- The experience of the month long trip has renewed your energy, exposed you to a new culture, music, language and ideas, you have made new life long friends and found long lost relatives. You come back to the US with a renewed sense of spirit and family.