Clearin’ Up Your Own Retirement Picture Through Purposeful Planning
Posted @ 11:50 pm - Filed under Purposeful Planning, Retirement, San Diego Property Owners, Investment Lessons, Dallas, Austin, Kansas City, BawldGuy Axiom, Palo Alto, Texas
This weekend take the time to write down all the info ya need to paint a picture of where you are today — financially. Not just assets and liabilities, but what yer doin’ now that maybe isn’t the right thing for you. Also, what’re ya not doin’ that ya know should be happening as a habit?
If the only two things you learn is your net worth and how much yer savin’ each month — or not — the effort will have been easily worth it. I remember one weekend in the mountains with The Boss. I was doodlin’ on a legal pad, and started writing down my known recurring monthly expenses, for both home, and office. When finished I was staggered by the number. I shouldn’t have been, but isn’t that how most of us are?
BawldGuy Axiom: Garbage in, garbage out is just the modern way of sayin’ what Grandma taught me. One of her favorite sayings was, “‘Bout the time the farmer got the old mare to work without eatin’, she died.”
The first step in all Purposeful Plans is to clearly establish where you are now. Good, bad, or ugly — at least you’ll know. Look at it like goin’ on a long trip in a car. If I tell you your destination is Kansas City which way are you gonna start drivin’? Simple, yer not ’till you know where you’re startin’, right? And if yer startin’ in Palo Alto, your route won’t look anything like the one startin’ in San Diego, or say, Dallas.
This is why you should look at our retirement as a destination, and your Purposeful Plan as the map. Hi, my name is Jeff, but folks call me the BawldGuy. Everyone buckled in?
Knowing where you are now is indispensable to anyone’s Purposeful Plan. Headin’ south from Austin in order to get to Kansas City ain’t gonna cut it, no matter how ya slice it.
While yer at it, take a few minutes this weekend to listen to a podcast or three. They’re up top and a little to the right. And if the mood hits ya, and contacting me begins to sound like a good thing, don’t hesitate. In fact, leave yer number, and I’ll give you a call. I’m just hangin’ this weekend anyway.
Allllrighty then. Back at BawldGuy Ranch I have some tuneage for ya.
This entry was posted on Friday, August 1st, 2008 at 11:50 pm and is filed under Purposeful Planning, Retirement, San Diego Property Owners, Investment Lessons, Dallas, Austin, Kansas City, BawldGuy Axiom, Palo Alto, Texas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.