For those of us who really do try hard to create financial plans but then end up not following them (or worse abandon them without giving them a chance to succeed), I have created the following graphic.
For those of you who do not remember your basics of flow charting (yes I am that old), remember to follow the arrows (and the comments in bold on the arrows are the reasons you are going in that direction).
The best part of this is I have completely minimized the hardest parts of this process, which is creating the actual plan and implementing it (and sticking to it). I am pretty sure I have seen this flow chart at a few free financial planning sessions for folks that I have been roped into attending.
Remember stick with your plan, even after you think you have succeeded, it has to be a life change, not just short term pain (it’s long term pain!).