If you see through the eyes of a mathematician, you see numbers everywhere.
Let’s start with where you are and move forward as well as
back (to the start).
1. Lets say you are working a corporate job providing customer service, sales, delivery, strategic vision or executive leadership.
For all the time, effort and outcome, you are paid a base salary and a bonus ($)
2. You buy a house to live in. You customize it to your taste, set up game and media room, buy a fridge for the kitchen, secure your house through engaging the services of a security company, so on and so forth.
Through every action, you will notice that you do a downpayment ($), pay monthly mortgage principal and interest ($), pay HOA ($), buy goods and services ($)
3.
You’ve worked hard through the year and you
decide to take a well deserved break. You pick a place to go on a vacation. You
pick a hotel to stay. You choose restaurants to eat out at. You choose attractions
to visit, buy souvenirs to build memories.
I’m sure you’ve
started seeing numbers ($)
4.
Lets fast forward a few (or many) years. You
decide you want to hang up your boots. You want to go on a globe trotting tour.
You want to treat your grand child(ren) on their birthdays. You want to
renovate the house.
You keep an eye on
your nest egg ($), you look at what additional sources of income you have ($),
what are your annual expenses ($), how long will the nest egg last, based on
the sequence of withdrawal ($)
5.
Lets roll back a few years (or may be current /
near future). You are thrilled. Your family is eagerly waiting to welcome the
new bundle of joy. You want to child proof the house, set up a room with comfortable
bedding and buy the best toys for entertainment
In parallel, you
will be dealing with deductibles ($), hospital invoice and payments ($), car
seat ($), baby clothes, toys, bed, … ($), childcare costs ($), college
education ($)
6.
Lets roll back a few more years (or may be
current / near future). You are engaged and looking forward to your wedding.
You are planning the honeymoon trip.
You know the drill. I will let you savor the moment
Earth calling Moon
Now that we are back in ground reality, we need to have a plan
that can be the north star and guide us through various phases and scenarios of
life
This is where my comprehensive
LEADERS (Living Expenses, Emergency Funds, Accidental Death, Effective Retirement, Sunset)
framework helps you to plan and lead a meaningful life tailored for you.
What are some additional scenarios where you see numb3rs?
Share your thoughts and comments.
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