When I coached high school soccer, I always looked forward to the beginning of the season. Evaluating players, preparing practice plans and deciding how to put the best team on the field were all important elements of preparing for a successful season. As much as you try to incorporate all types of scenarios to make sure your team is well-balanced offensively and defensively, many unknowns can pop up during the season. However, planning helped minimize the negative effects of the unexpected and often led the team to a victorious season on and off the field.
The same thing can be said for planning for your future. There are many scenarios, both positive and negative, that your financial plan must cover. Anticipating the challenges you may encounter and determining the key steps to reach your goals are important elements in successful planning for your future. As the saying goes, “He who fails to plan is planning to fail.”
