A financial plan does not need to be 40 pages. It needs to answer five questions.

The 5 Questions Your Plan Must Answer

  • 1. Where am I now? Calculate your net worth. Write it down.
  • 2. Where do I want to be? Set a 1-year, 5-year, and 10-year goal with specific numbers.
  • 3. What is the gap? The difference between where you are and where you want to be.
  • 4. How will I close the gap? Increase income, reduce expenses, invest the difference.
  • 5. How will I stay on track? Monthly review. Quarterly adjustment. Annual reset.

Automate your savings rate. Set calendar reminders for monthly reviews. Tell one person your goals — accountability doubles follow-through.

Follow Wealth Insights Global for the tools and education to execute your plan.