How to Create a Financial and Life Plan – That Work!

Andrea Travillian, MBAhttp://www.takeasmartstep.com

@smartstepJoin the chat: #Finmoneylife

Without a Plan Reaching Your

Goals will be Like Playing Darts in the

Dark

Tweet This! www.takeasmartstep.com/darts

Life PlanThis is your Why!

Without a Why it is hard to stick to any plan.

• Values• Vision Statement• Mission Statement – Health is my number one focus. After achieving

health I am able to create a happy home, a successful business, wealth and be able to help others.

• Goals

Join the chat: #Finmoneylife

Financial PlanHow you will achieve the financial

components of your life plan.

• Select a Goal From Life Plan• How much money to achieve this goal• How much to save each month to achieve this

goal

Join the chat: #Finmoneylife

Integrate into Daily LifePlanning is great, but only helps if

you take action.

• Break goal down into small actionable steps

• Transfer items to calendar or To-do list

• For financial goals, add them to your budget

Join the chat: #Finmoneylife

ExamplesNon-Financial Goal

Value: HealthGoal: Lose 20 pounds

Create a 500 Calorie Deficit Daily

1. Exercise – 250 calories– Select workout– Schedule workout

2. Eat 250 less calories– Determine your resting

calorie burn– Select food tracker– Create menu

Financial GoalValue: Independence

Goal: Net Worth $1 Million“Save” $1,000 a month

1. Increase Investments– Select IRA investment– Open up account– Set up transfer to IRA

2. Decrease Debt– Pay $600 extra each

month to debt

Join the chat: #Finmoneylife

Stay on Target

• Evaluate your progress quarterly• Redo full plan once a year

Join the chat: #Finmoneylife

Questions?

www.takeasmartstep.com

@smartstep#Finmoneylife