- Establish a personal financial strategy that includes goals while in college, goals in the first year outside of school, five-year, ten-year, fifteen-year, retirement and lifetime financial goals.
- Each stage or timeframe should have a written explanation of what you would like to accomplish financially, and show where you want to be at each stage/year in the financial journey.
- Determine what will be necessary to reach those goals and show the strategy in terms of how much you must be earning, how much you must be saving, etc.
- Include a timeline for when you will review and make changes to your strategy and goals to make sure you are staying on target.
- Be sure and include life event changes that may occur (marriage, children, etc.) 6. This project when done well will take 5-10 pages to spell out your goals and strategies.
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