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:
Finances:
- 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
Home:
- 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)
Business/Work:
- 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
Personal:
- 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?
Wonderful, great plan, I love it. It’s so great to try and visualise where you’ll be in 5 years time; I do it every day, it keeps me focused.
Part time in 2012, and mortgage gone in 2015, now there’s something to aim for 🙂
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Mrs. Accountability Reply:
January 31st, 2010 at 11:42 pm
Hi Laura! Thank you for stopping by and commenting! Hey I was a little bit confusing there, so I have updated on my plan. I meant to say 5 years left to the mortgage in 2015 (so paid off by 2020). 🙂 I sure hope I can “retire” from my regular job in two years. That would be so awesome! I would still work for my hubby’s businesses keeping his books, but I love doing that. I’d have SOOOOO much more time for blogging, my first true love! Thanks for the inspiration! Mrs. A
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There are two place you can find forecasting software. Get the book Winning in Biz which has a chapter on how to do a forecast and includes an Excel template to prepare a multi-year forecast or go to their step 15 of the 20 step business program were you will find upscale software.
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