Hi, I’m JJ Childers with another installment of the Monday Morning Mentor. As you may know, our focus for the next several weeks is on establishing and following a plan for our finances. To make sure that we do that as effectively as possible, I want to share with you some tips on setting up your plan.
To make things as simple as possible, you can break your financial plan down into five parts. Those parts are:
Your financial goal;
An assessment of your current situation;
A breakdown of your current resources;
A determination of how much time you have to accomplish your goal; and
The formulation of the steps you intend to take to get there.
I know that this probably sounds overly simplistic but I can assure you that this is basically all there is to it. Of course there are multiple aspects to each one of these parts and we will be going through each of them individually over the next several weeks. For now, however, I want you to take some time to think about these steps and figure out whether you’ve been paying much attention to these areas.
Your finances will not take care of themselves without some guidance. You can have everything that you set your mind to if you’ll simply take the time to learn how to get it. Gaining control over your finances is an essential step in making it happen.
