Time To Re-Think Linear Personal Financial Planning #980
School - Work - Retirement.
That's basically the linear progression of our lives. And we hope that we manage to save enough over the course of life to be able to enjoy our retirement when we get the end of that line.
But life is not linear. So neither should your Personal Financial Planning be either.
Right now many are worried that they won't have enough money to retire when they had planned.
But what if we had actually planned for a dip in our earning and saving capacity?
What if we had factored in the invariable dips we experience in our careers and our lives?
What if we had mechanisms in place to defer car loans, home loans, etc for a few years in the middle of the term?
If we had planned for these dips, this crisis wouldn't seem quite so...well...critical.
So, if you still have time, re-think your Personal Financial Plan and plan for the dips!
#personalfinancialplanning #sabbatical #careerplanning