When you graduated from college, started your first job, started a family or any other major life direction, did you map out a plan for the rest of your life? If not, or you feel a little like you’re just “floating” through life — keep reading.
In today’s episode of Your Money Minute with Tracy Stewart, CPA, I want to talk about why it’s important to think about life planning.
I’ve followed the wisdom and guidance of George Kinder, a Harvard graduate and widely recognized father of the life planning movement. He’s been a tax planner and financial advisor for over 30 years. His book, “Life Planning for You”, is a best seller and gives you practical ways to understand your goals and build the life you want.
Ultimately, whether you pursue Kinder’s method or something else, you want to answer the big questions like “where am I heading?” and “what am I doing to get there?”. Sometimes, we make life changes or pursue a pathway without giving much thought to the long-term implications of a decision. The most important thing is to not forget when you “set it and forget it,” as it’s imperative to recognize when you’ve reached your goals, come up with alternate strategies when you don’t and develop new goals moving forward.
Financial independence is unbelievably liberating. It’s important to have a plan — or otherwise you’re living a life on autopilot. Take control and move forward with courage and confidence, because that’s where you’ll find your security and stability.
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