Last night I came across the plan I wrote for how I was going to become a millionaire. It was not my original plan as I lost that when my first computer died, but it was interesting to review how I intended to achieve my goal.
Reading over it my thoughts have not changed much. I still want to do everything I wrote down, the only difference is the types of opportunities that have come to enable me to make income to then invest how I would like.
Have you reviewed your financial plan lately? Do you have one?
A financial plan is pretty crucial if you want to achieve financial freedom. Without one you have no real direction and it is easy to get swayed, not invest properly or put your money towards real financial goals. It is easy to waste what you are earning, not save as much as you should and finish up with much less than you would have if you had a plan.
Having a budget is your first step, but have you thought about retirement, where you want to invest later, how you will pay off debts and things like that?
These are all important things to think about. If you don't have a financial plan, now is a good time to look into it.