Create Your Own Comprehensive Financial Plan

Today, I’d like to share the financial plan a physician reader shared with me after purchasing and completing the course on their own. I think you’ll be impressed with both their plan and their progress.

Create Your Own Comprehensive Financial Plan

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Investment philosophy to live by: Things don’t create happiness – autonomy, experiences, meaningful relationships and giving do.

Philosophy and goals

This lifestyle is achieved through hard work, modest living, high income, avoidance of debt, and high savings/investment rate, and insured with adequate asset protection. 

1. Life Insurance 2. Disability Insurance 3. Health insurance 4. Long-term care insurance 5. Home Insurance 6. Auto Insurance 7. Umbrella Insurance

Insurance and Asset Protection

Will continue to invest in our home upkeep and updates with “sweat equity” when possible as we have with gardens, sprinkler system, furniture, landscaping, trees, snow removal, lawn care.

Housing Plan 1. Our current home

We plan to buy a lake home or lake lot/build a home in approximately 5-7 years. Will keep cost of new home < 2x our annual income, not max amount bank will lend us! Until new home purchase, we will continue to enjoy local cabins, parks, and trails.

2. Future home

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