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7 tips for making yourself a good planner

Hi Guys,

I’ve already shared my views on how important it is to Plan while buying a home. And, a Mortgage Planner Spreadsheet is one such tool that helps one in such planning.

Today, I just want to share with you the 7 simple tips that can help you in successful planning.

  1. Always be specific with your goals.
  2. Know how to differentiate between your needs and wants. Focus more on your wants.
  3. Try to make your plan simple and easy to be implemented.
  4. Don’t hesitate to accept your weakness. Try to plan by avoiding your weaknesses.
  5. Be practical in life. Do not plan emotionally.
  6. Winning and losing are two sides of the same coin. Always be ready to accept either of the two.
  7. Approach the right person to make your plan a success.

That is all I can think about as of now. Is there anything more that we require as a part of successful planning? :)

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This entry was posted on Tuesday, August 7th, 2007 at 4:51 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “7 tips for making yourself a good planner”

  1. PSD Says:
    August 9th, 2007 at 1:10 am

    I go through this blog, but I can’t understand some of you planning tips. So could you please tell me.

    # Know how to differentiate between your needs and wants.(Needs and wants both are the similar phrase)
    # Don’t hesitate to accept your weakness.
    # Be practical in life. Do not plan emotionally.

    What do it mean? Please give me an example why this things required for planning?

  2. sam Says:
    August 9th, 2007 at 4:31 am

    Hi PSD,

    Thanks for giving me a chance to clarify my points.

    1. Know how to differentiate between your needs and wants.
    Needs and Wants, both are very similar phrases but still there is a difference. Needs define to mandatory requirement in your life whereas “wants” means strong desire of something.
    I will definitely come up with a coverage on “Difference between Needs and Wants” in my next post very soon.

    2. Don’t hesitate to accept your weakness.
    Mean to say be aware of your weakness while making a plan. Otherwise it may happen you cannot get success. For example, You are looking forward to start a business related to fashion designing business. But you even don’t know the ABC’s of fashion designing. In this case, its better to accept it and think about any other alternate business.

    3. Be practical in life. Do not plan emotionally.
    Planning for financial decision or any subject, it should be from practical thinking. Like you have recently married and your wife is demanding a kid. But you are not in that financial position to afford it. So, think practically and take decision.

    Sam

  3. PSD Says:
    August 14th, 2007 at 12:55 am

    Hi Sam,
    It is still not clear to me “its better to accept it and think about any other alternate business”.
    I mean if I don’t have any idea about the business that I set-up, than what should I do? Should I take that or look for the any other alternate business.

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