Plan for Today and for the Future
As you well know, cycles of economic prosperity do not last forever. Although life’s interruptions can be opportunities from God, one must adequately prepare for economic downturns by planning for both long and short term future. Build a comprehensive plan based on an unknowable future; have a healthy respect for uncertainty by developing strategies encompassing multiple aspects of your life.
Establish SMART Goals – Specific, Measurable, Achievable, Realistic, Time Limited
Goals should be clear and concise; establish specific milestones, then measure your progress; make adjustments as necessary. They help crystallize your thinking and provide both direction and purpose.
Maintain Essential Elements of a Plan – Will, Insurance, Financial Plan containing strategies for Retirement, Investments, and Emergency Funding. Document and share the location of personal and family financial documents with a family member or close friend.
Proverbs 21:5 “The plans of the diligent leads to profits as surely as haste leads to poverty.”
Proverbs 13:22 “A good man leaves an inheritance for his children’s children…”
Proverbs 24:3 “Any enterprise is built by wise planning, becomes strong through common sense, and profits wonderfully by keeping abreast of the facts.”