Archives For Best Practices

Post Covid-19 Action Plan

May 2, 2020
As we emerge from this Global Pandemic it has left many people changed whether for the better or worse remains to be seen. Any time there is a traumatic experience regardless of the type of tragedy or unfortunate event the most important measure is often times how you respond to such an event.
This Covid-19 outbreak was particularly harmful due to the many ramifications; health, financial and emotional trauma are likely the three most common categories. In the balance of this post I want to share with you the most common responses which need to be dealt with but you can’t stay there very long. If you stay in these stages too long it will become far to tiresome and will ultimately crush your spirit and resolve. 
I hope that you are able to take the Action Items to heart and put them to work for you, your family and business life. Because Action Changes Everything!

There is no time for:

🙅🏼 Denial

🙅🏼 Anger

🙅🏼 Blaming

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Take Action:

✅ Get Honest w/ Yourself

✅ Discipline Yourself

✅ Get Help / Create a Team

✅ Define What is Important and Unimportant

✅ Make a List: Assets & Liabilities

✅ Inventory Your Time and Skills

✅ Make Hard Decisions

✅ Get Everyone on The Same Page

Thank you for checking out this Action Plan for you, your family and business as we make progress in distancing ourselves from this time period. Tough times build character but I certainly recognize that they can test your limits. If you ever want assistance or to simply discuss anything please know that i am here fro you. Feel free to connect with me through any of the social media pages or contact information listed here.
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Adulting 101

March 19, 2020
A Pandemic? Really? Quarantined… with the entire family? Oh come on! Strange events have led many of us to have more free time than normal. 
As per our normal MO, at Drive Planning and The Life You Can Afford to Live, we seek ways to increase productivity and a better life. We wanted to share with you some ideas that will prove more valuable than binging on Netflix, although there will likely still be plenty of time for your favorite series and more.
You’ve probably heard the millennial jokes and maybe even experienced some of the basic things that kids from the 90’s to now, do not know. So, while we have a few minutes let’s take time to educate on some of the basic adult tasks that we take for granted.
We call it Adulting 101!

 

• Adulting 101 •

 

Here are a few topics to consider but certainly not the only topics. Allow these ideas to get you thinking about other fun ways to educate and spend some meaningful time having fun.

Financials
  • Write a check
  • Balance a checking account
  • Open a Savings Account on-line
  • Create a budget
  • What are Stocks and Bonds?
  • Find Real Estate for Sale
  • What is Debt?
  • How Interest Works
  • Something They Love That Could Be a Side Hustle
  • How to File Tax Forms
  • Pay Bills
Life
  • Scan Old Photographs
  • Drive a Manual Transmission Vehicle
  • Start a Blog
  • Set up E-Mail/ Unsubscribe from Spam
  • Prepare a Meal/Cook
  • Book a Vacation
  • Write a Letter/Old School Snail Mail
  • Send a Fax
  • Clean a Room
  • Play Cards
  • How to Introduce yourself to a Stranger
  • Create a Resume
  • Create a BucketList/With steps needed to get started
  • How to Search for a Job
  • How to Start a Business
  • Share Old Music with Them
  • Roller Skate
  • Check The Oil in a Car
  • To Do Laundry
  • Schedule a Dr./Dentist Appointment

 

We recognize this isn’t an exhaustive list of potential adulting tasks. This list will get you started towards a good education but what we’ve seen so far is that it will get you laughing and communicating with each other. When the attention spans begin to wane well there are plenty of good shows to watch! You could even watch some funny classics from our day….. Fletch, Ferris Bueller, Friends.

The lists can go on forever!

 

Connect with us further to learn more tips for Financial Strategy and Designing The Life That You Desire. Follow Drive Planning on Facebook, Drive Planning on Twitter, Drive Planning on Instagram, Drive Planning on LinkedIn, Todd Burkhalter on Facebook, Instagram, Twitter and LinkedIn.

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The Vital Questions of Your Financial Life

February 28, 2020

 

In our process at Drive Planning we always begin with identifying your Hopes and Dreams which leads to setting your financial GPS; To accurately plot your course we must find the answer to a few vital questions, four to be exact. 

Allow me to summarize the four questions.

 

The Vital Questions of Your Financial Life

 

Question 1: 

What Rate of Return should your money and investment bring, for you to retire in the Current standard of living and be Certain your money will outlive you? 

 

Question 2:

How much do you have to Save every year, for you to Retire in your current standard of living and be certain that your money will outlive you?

 

Question 3:

With your current method of working and saving, what Period of Time will it take for you to retire on your current standard of living and be certain that your money will outlive you?

 

Question 4:

If you are staying on this pace right now with what you are doing, how much will you have to Reduce your standard of living in order to retire and with the certainty that your money will last for a lifetime?

 

These questions are absolutely fundamental and will ultimately become the foundation to your strategic financial decision making process. Sticking your head in the sand and avoiding these questions will not make the often times hard truth to disappear.

Facing these questions will help you gain control and lead yourself to a successful retirement. 

Next Steps…….

Contact me directly via text at 470-243-1717 with inquiries or to get started. In addition, I’d like to invite you to “Like” The Life You Can Afford to Live on Facebook or follow along on twitter or Instagram.

In Financial Planning , ,
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