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How do you go about planning for your financial future?

Think back to five years ago.

Are you where you wanted to be now? Do you even remember where you wanted to be five years ago?

This is perhaps one of life’s hardest questions since a lot can change in just five years.

Many people probably answered no to the above questions, and unless you are focused on your future, you will likely continue to respond no for years to come.

Your day to day life is going to continue to weigh heavily on you, and the bigger things in life will just keep getting pushed back to the bottom of your to-do list.

Whether it’s paying off your student loan debt, becoming financially independent, or just being in a better financial place than you are now, it’s so important to have a five-year plan.

Maybe you are thinking to yourself “5 years?! I can barely think about five minutes from now,” but I promise you that in five years, you’ll be glad you started today!

Because your future financial planning is imporant and I want you to be successful with your finances.

I’ll show you how to make a five year financial plan so that you can finally get your finances on board with your dreams and goals.

Plus, by planning your financial future you’ll be making those financial planning goals a reality.

If you are ready to begin creating your five-year financial plan today, here’s how to get started!

Planning Your Financial Future

Visualize Where You Want To Be

The hardest part is figuring out where we want to be five years from now. This is the major part of planning your financial future.

Do you want to have your mortgage paid off? Spending more time with your kids? Traveling the world? Ask yourself these questions and imagine what your life would be like in your ideal world.

Not only will this exercise show you what is most important to you, but also what things don’t matter. Start dreaming to make your future financial planning a reality.

Does your vision include sitting in front of the TV or paying for a takeout pizza? I doubt it.

BONUS FREE DOWNLOAD

Create A Plan For Your Money

These FREE Budgeting Spreadsheets will help you keep a pulse on your money (from the palm of your hand).

You can even make a vision board for your finances! This can help you to see your dreams and goals for your finances so they stay current in your mind. When you see the vision board daily, this helps to keep you motivated.

This also helps us keep into sight what is important and why we made our financial goals in the first place.

Vision Board Supplies:

This can be a huge step in planning your financial future. Keeping your goals within view every day can be huge in keeping you motivated.

Planning Your Financial Future

Break Down Your Vision Into Sections

If you do nothing, you will be no closer to your five-year goal than you are right now.

It is going to take some work and planning your financial future on your behalf, which is why you need to break down that vision into actionable steps you can take.

Take a piece of paper and divide it up into five sections. This will be one section for each year of your plan. Write down what your vision looks like and what things stick out to you, this might change as you go but for now this is a good start.

When you learn how to make a five year financial plan, you’ll be more apt to make those dreams a reality.

Planning Your Financial Future

Break Down Your Goal Into Actionable Steps

Start with your big goal and work backward planning your financial future to find out what you need to accomplish to reach this significant goal.

Some of these might depend on your family members, and some of these actions might already have milestones attached to them.

When thinking of these tasks, make sure they are specific and that even your smallest job has a purpose.

Now go back to your piece of paper and write in your jobs and a timeline for each task. Let’s put those financial planning goals into motion!

Planning Your Financial Future

Make Time For Your Tasks

While planning your financial future is an excellent roadmap for getting you closer to your goals, it won’t do you any good if you don’t follow your plan.

One of the most common reasons people don’t reach their five-year goals aren’t because of a lack of planning, but because they don’t follow the plan!

BONUS FREE DOWNLOAD

Create A Plan For Your Money

These FREE Budgeting Spreadsheets will help you keep a pulse on your money (from the palm of your hand).

Schedule time to work on your goals every single day. This will make sure you have time to do them, and that you don’t wait until the end of the year to put in the work.

Don’t wait to put your future financial planning tasks into action. You can’t procrastinate and expect to get anywhere!

Planning Your Financial Future

Understand That Things Change

On a final note, know that nothing in life is set in stone and your entire life could change tomorrow. Your vision for planning your financial future from earlier might be entirely different a year from now.

The long-term plan you create should adapt and change your life, as your goals change. This five-year plan is meant to help you focus on your goals and give you an idea of how to reach those goals.

Some plans may need to be put on hold, and other goals might be more critical now. The point is to set yourself up for success by creating a map toward that big goal.

Five years from now, your life can be different.

Because your future financial planning is imporant and I want you to be successful with your finances.

When you learn how to make a five year financial plan you can finally get your finances on board with your dreams and goals.

Plus, when you start planning your financial future you’ll be making those financial planning goals a reality.

You have no idea what the future holds, but if you have a five-year plan than you will have a roadmap to where you want to be.

 

YOUR TURN: What goals can you include in your planning your financial future? What steps can you take each day towards your five year plan? Let me know in the comments below!

Planning Your Financial Future
This Is The Time For Planning Your Financial Future
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