I was reading over at No More Spending’s site about Laura’s five year plan.
Wow. What a concept. I have never actually written down any kind of plan for my future. I have a loose idea of what we want to do, obviously paying off our debt would be at the top of the list. And I have some ideas on what we need to do for Mr. A’s businesses as the extra money becomes available.
I think I’ll try to hammer something out right now using Laura’s example:
2010 to 2015:
- We’re completely free of credit card debt 2013
- We have saved 1 year’s worth of living expenses in 2014
- We have a healthy emergency fund (at least $5000)
- Save for the purchase of a vehicle to replace my 14 year old Pathfinder
- Build my office addition to our home in 2010
- Replaced the carpet with tile or wood in 2011
- Refinance home for a 15 year mortgage in 2010 and have less than five years left until we’re paid off by 2015 (that was confusing! I meant to say 5 years left to the mortgage by 2015, which makes the mortgage paid off by 2020)
- I’ve retired from my “day job” and work part-time for Mr. A by 2012
- I’ve continued writing on my blog
- Turn Mr. A’s business into an LLP in 2010
- Restore my health through healthy eating with signs of healing by end of 2010
- Get more organized with my time
What about you? Have you ever written a five year plan?