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Chapter 24. The Freedom Plan > 2. Visualize your long-term goals: Work into you...

2. Visualize your long-term goals: Work into your 70s? Retire early? Switch careers? Financial independence in your older years? Security in a bad job or stock market?

This is where your self-knowledge comes in again. If you are 25 you might not even think about being 45, but it comes in a flash. Life brings surprises, challenges, and disappointments, and we cannot know the future. You don’t have to have the answers now, but wouldn’t it be great to be prepared for any eventuality? If you save for early retirement and decide, instead, to work into your old age, what is the harm in having a large net worth?

You can love your work and still see the peak of a chance that you might want to leave it relatively early in your life. Where do see yourself topping out in your field? What is the realistic outlook for your long-term career? Do you have a passion or dream that you’d like to turn into your life’s work one day? Change points in your life can happen whether you choose the timing or it is forced upon you. How financially prepared will you be for either possibility? These questions beg consideration and the answers will help you decide when to begin your financial freedom planning.


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