I’m so glad that Lee joined our ‘grand experiment’; here is what he says on his own blog on the subject of planning:
If planning is the way to success, it’s no wonder I’m always a day late and a dollar short.
… Now, you just gotta love a guy who can write like that!
Also, Lee candidly shares his thoughts with us in his posts, for example, telling me via e-mail before he sent this post in:
OK Adrian here’s the deal. I don’t think I can do any different until I get some feed back from you so go ahead and publish my post. GULP! I’m afraid I’m going to the back of the class on this part.
Well, Lee, I don’t think you have anything to fear from any of OUR readers … instead, let’s see if they can help you finalize this part of the exercise …
I have had more difficulty with this part of the experiment than any other part. Possibly it’s because I don’t do speadsheets well. I can cast a vision and dream outside the box and move towards a goal but to figure out how to do it on paper, I’m sorry but I get totally lost.
I don’t have a lot of bills presently, no credit card debt, a small student loan and a refinanced mortgage. My life style is pretty low key since I’ve learned to live on less and enjoy it.
I’m not ever sure how to send the spreadsheet but here it is.
Now 1 Year 5Years 10Years 20 Years
From Jobs $ 26,500 $ 50,000
From Businesses $ 0 $ 50,000 $ 800,000 $ 1,000,000 $5,000,000
Now $ 120.000 $ 500,000
Value Now $ 6,000 (1) $ 60,000
Credit Cards $ 0
Loans $ 8,000 paid off
Travel expenses Gas $ 3,000 $ 5,000 $ 8,000
Student loan $ 20,000 paid off
Food & Clothing $ 4,500 $ 6,000 $ 8,000
Total Expenses $ 161,500 $ 576,000 $ 568,000
Lee’s List $2,280.000