Develop your Financial Success Plan

The first thing you need to do is develop your plan. For future posts we can refer to this as "Project Debt2Freedom". This will lay the foundation for your future success. This does not need to be a complicated process, simply a few notes jotted down on paper. This will be the beginning of your overall plan of approach. It is important you write these down as you will need to reference your notes repeatedly during the rest of the process.

First off jot down your goals. These should be the items that are foremost in your mind right now. They can be as simple as;

Eliminate Credit Card Debt

Contribute to Retirement Savings

Pay off Loans

Develop other sources of Income

Buy a house or renovate your existing one

Retire Early

Develop a new Career

Etc Etc

These notes will reflect your personal goals. Now we also need to list the things that could prevent you from achieving these goals. They may be;

High Debt Load

Job Loss

Potential Job Loss

Potential impending expenses

Etc etc

Take some time to reflect on this part. The more items you list, the greater chance you can design the rest of your plan to achieve success. This should take at least an hour to accomplish. I found that listing these items at the beginning of a simple notebook to be a great help. This notebook will serve as your Diary of sorts, allowing you to quickly reference all aspects of your plan. It will also make it much easier later to see how far you have come in your quest to Save Money and Gain Wealth. Stay tuned for the rest of Project Debt2Freedom