Before the whole world was carrying a GPS around in their pockets, I loved planning weekend camping trips using detailed topographical maps. I\u2019d unfold a section of the wilderness on my kitchen table, locate a starting point, then trace alternate routes into scenic high country, waterfalls, or alpine lakes. Using the map in front of me I could choose a leisurely hike or a strenuous expedition and I\u2019d have a pretty good idea of what kind of gear I would need for the trip.<\/p>\n
Having the whole picture right in front of me was reassuring: I could visualize the terrain and even plot out alternate routes in case conditions on my chosen trail started to get hairy. With my topo map in my pocket, I felt confident to occasionally leave the beaten path and explore hidden vistas. Adventure is exhilarating, and even better when you have a plan.<\/p>\n
A personal financial plan is rather like that topographical map. With a detailed view of the landscape, you can plot out different routes depending on where you want to go and what you\u2019d like to see along the way. Your goals and aspirations determine the destination for your financial plan. Once you\u2019ve plotted your route, you\u2019ll have a good idea how you\u2019re going to get there, but that doesn\u2019t mean you can\u2019t do some exploring along the way.<\/p>\n
It\u2019s never a good idea to set off into the wilderness without a map. And it\u2019s also no fun to hike only where the crowds are because you\u2019re unsure of the path. A financial plan is a great way to plan your life journey, whether you\u2019re just starting out or you\u2019re a seasoned traveler. Your financial plan helps you:<\/p>\n
Your personal financial plan also helps you have more productive conversations with your spouse, partner, or family members about finances \u2013 it literally keeps you all on the same page. Money is an emotional topic, but better information and an objective planning process can help keep everyone on track.<\/p>\n
You may ask why I still prefer a topographical map when I\u2019m exploring the wilderness. It\u2019s because I\u2019ve heard about the trouble people get into when they just rely on their mobile device. I prefer to know the landscape and have a complete plan, not just get directions for which way to turn next.<\/p>\n
If you\u2019re not familiar with how to read a topographical map, you may need some pointers. And when it comes to financial planning, your Arrivity planner can guide you through the financial terrain that lies ahead and make sure your journey is full of the right kind of adventure.<\/p>\n