As I began my three day process of developing my 5-year strategic plan, I want to share day one with you. It’s in the rough draft stage, but I think it will be helpful if you choose to embark on a strategic plan yourself.
Going through my notebooks, I came across some resources I’d saved just for this occasion.
One began with a life of exercises to complete. The first question was:
“What drove you crazy this past year?”
Well lots of things – the election here in the U.S., traffic, the heat…
and your point is?
(I have my panties in a big old fat wad over how superficial “self-help” is. This list did come off the internet and I realize most articles now a days are junk, designed to get you to hit on their website, maybe click on an ad or two while you are there.)
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That is one of the many questions asked that provides no real guidance for planning your next move. Questions like “what drove you crazy last year,” does not address the root of the problem, therefore not allowing you to formulate any sort of meaningful goal.
I say the first question you ask yourself is “What are the top three areas of your life where you have the most dissatisfaction?” Or something along those lines.
For me it’s financial, health, and social.
Yesterday I worked on my dissatisfaction with my financial health.
Here is how I defined one of the problems with my financial health:
If I keep going at the rate I’m going I will never be able to retire or pursue an activity I want, like writing or traveling. I have student loan debt, and no savings or retirement to speak of. Also, here in the states, upon leaving a job before I am eligible for Medicare, there could be an issue with health insurance.
(Note here, I wrote in a previous blog that you have to be honest with yourself, the above statement is me being honest with myself. But unlike me, you don’t have to share it with the world. )
Taking what I feel is the problem with my financial health I then asked myself this question:
“Where do I want to be in five years, financially?”
The answer – free to make choices about how I want to spend my time.
Taking that answer I asked myself – How do I get there?
The answer – more money, plain and simple. To be in a financial position to make choices about how I want to spend my time, I have to have the financial resources to do so.
I then listed out some thoughts on how I would get more money.
- My nine-to-five will not produce only a set amount of income for me, but it does provide security and insurance
- I can create some passive income from my writing and my Beauty Counter.
- I can ask people to buy me a cup of coffee
- I can spend less and save more.
From that I came up with a rough plan:
In five years, (July 2022) I will be free to choose how I work and spend my time.
Notice here I did not put a dollar goal. That might be helpful in the next step, which is the action steps:
- Develop at least two passive income streams
- Spend less
- Save more
From here I can list out activities. For example in the spend less, save more I will develop a spreadsheet and track my expenses and income for one month. I can then see exactly where my money goes and develop a budget for savings, etc.
Like I said, this is the rough draft process. The finished product will look much prettier!
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