Last week, I proposed that we take a new approach to our finances. With a clear view of what really matters to you, it’s time to create a plan.
The overall intent is for whatever you desire to progress into recognizable benefits for you. The progression from innermost desire to outward manifestation is something like this:
The acronym PAR (plan, action, result) is nothing new, but I want you to remember the acronym IPAR-it keeps your dreams, your desires, your IDEAS, at the forefront. Without your desires at the helm, your motivation will fade.
There are a lot of great books and websites that can tell you how to create great plans. In fact, I create Prosperity Plans for my clients, who need a little help reaching certain goals. But for the DIYers, I’m going to give you my quick and dirty method for taking an idea and crafting a plan around it.
Crafting Your Prosperity Plan
1. Choose one of your Needs as you listed in your notebook.
2. Answer the Ws (who, what, when, where, why) that apply to this Need.
3. Think of monthly, weekly, and daily tasks to achieve this Need.
4. Start on one of the tasks IMMEDIATELY.
5. Every week, spend about 15-30 minutes writing down your progress
For an example, I’m going to use a pretty common Want and show you how to create a prosperity plan for it (I’ll leave out only a few details, since this particular Want/Need is a future post-in-the-making.)
WANT: I want to be rich.
First step: Redefine it as a Need (and make it specific)
NEED: I need to generate enough supplemental income so that I can quit my job and still provide for my family.
Then use the rest of the Recipe for Success:
What: generate supplemental income to exceed my current income
When: complete by Summer 2016
Where: Wherever I want to live
Why: So that I may quit my job and focus on my other passions
Here are some monthly, weekly, and daily goals that will get you on the right path:
-Create (and stick to) a reasonable budget
-Save money in a rainy-day fund
-Explore alternate ways to earn income
-Move my savings to accounts that have have higher interest rates
-Review checking, savings, and credit card accounts to monitor spending habits
-Read one book (as much as your time allows) that teaches money management principles
-Brown bag your lunch instead of eating out
-Read the finance section of the newspaper (or go to the finance section of your AOL, MSN, Yahoo, etc.,.)
-Use coupons as often as possible, and only purchase items that you absolutely need
Your daily goals feed into your weekly goals, which help you realize your monthly goals. Easy, right? Anything can be taken through this formula, in order to create a plan that get you where you want to be.
The month isn’t over yet! Please stay tuned for MORE great offers and informative posts over the next couple of weeks!