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In this installment, I cover the second theme that I share with my students which is to have a plan for everything. The list includes:
- Having a cash flow plan for your normal income www.drthrift.com/006 and www.drthrift.com/007
- Planning long term expenses that don’t occur regularly
- Creating a debt elimination plan www.drthrift.com/008
- Having proper insurance
- Maintaining an emergency fund and having savings for maintenance expenses
- Have written, measurable goals www.drthrift.com/009
- A plan to improve your career or look for a new one
- Communicating with your spouse on making big purchase decisions
I also mentioned a new video I created that shows an example of how to create a debt elimination plan. Watch it below and feel free to provide feedback at [email protected]
