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Be open to adjusting your financial plan as needed from "summary" of Start Over, Finish Rich by David Bach
It's important to understand that creating a financial plan is not a one-and-done deal. Life is constantly changing, and so are your financial circumstances. That's why it's crucial to be open to adjusting your plan as needed. As you progress through different stages of life, your priorities, goals, and financial situation may shift. Your plan needs to evolve along with these changes to ensure that you stay on track to achieve your financial objectives. For example, if you experience a significant increase or decrease in income, you may need to adjust your budget and savings goals accordingly. Similarly, major life events such as marriage, having children, buying a home, or retiring will also require you to revisit and revise your financial plan. Being flexible and willing to make adjustments is a key component of financial success. It allows you to adapt to unexpected circumstances and take advantage of new opportunities as they arise. Remember, the goal of a financial plan is not to set it and forget it, but to use it as a roadmap to guide your financial decisions. By regularly reviewing and adjusting your plan, you can ensure that you are always working towards a secure and prosperous financial future.
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