Planning
Last updated: Mon 31-Aug-2026 afternoon
Start Small
As you are starting out you do not have full clarity in where you are going.
As well you do not have a full understanding on how the financial world works and what is available to you.
So start small:
- I want to retire by age 50 with a million dollars.
- etc.
Create a System That Can Evolve
Create a system that can evolve over time as you learn more and change your plans.
- Grab a notebook and on page write down your plan.
- Grab a word document and write down your plan.
- Use OneNote; create a notebook for Financials; create a section for Plans; create a Page for your current plan
- Whatever suits your style.
Evolve
Each year or whenever a significant thig happens, update your plan.
- A million dollars is no longer enough to retire, I want ten million dollars.
- I get married and need to extend the plan.
- I have kids.
- Etc.
Results
You have a plan written down.
You can update, add, change the plan if/as needed.
You revisit the plan at various points in time to actually make these changes.
Things to Consider
When making your plan consider the following things (and more):
- Financial Independence
- When?
- How much?
- etc.
- Rate of savings
- Who are you planning for?
- You?
- Spouse?
- Kids?
- Other?
- Current Net Worth
- Assets
- Liabilities
- Expenses and budgets
- Emergency Fund
- Debt payoff
- Investing
- Estate Plan
But recall, do not get overwhelmed by the above list. Start small and evolve over time.
Appendix
Version History
| Date | Notes | |
|---|---|---|
| 01 | Mon 31-Aug-2026 | Initial version factored out from top level |