Recently, I stumbled upon the realization that life is a culmination of one’s decisions. Therefore, to live a life of desirable quality, it is important to make plans about the future. Essentially, these plans highlight what one aims to achieve within a given time frame. Currently, many individuals wander from week to week without definite goals (Hyatt). This is undesirable since a lot of time and limited financial resources are spent on insignificant endeavors that are not helpful to the individual in the long run. For a long time, I have had the aspiration of being a fulfilled individual, with a significant net worth and a family. In ten years, I see myself waking up from a respectable mansion, and driving a beautiful car to my own cyber security firm. This has prompted me to build a life plan of ten years, strictly highlighting what I aim to achieve after the timeframe. Gillett reveals that many of the accomplished people in the society such as Donald Trump, Mark Cuban and J.K. Rowling began to build their foundations before they were twenty-five years old (1). This realization continues to challenge me in sticking to my life plan so that I can achieve decent results.
It is my belief that in ten years, I will have cleared my student loan or a significant part of it. I aim to clear my student loan so as to avoid the accumulation of interest which leads to a bigger financial burden. In ten years, I also see myself achieving financial freedom entirely. Majorly, the longing of my financial freedom has been excited by the dire conditions I have grown up in, as my parents were poor. It is thus my dream that by the age of twenty eight, I will have built a desirable home for myself and my family. I dream of a modern house, with bathtubs in the bedrooms and a swimming pool outside. Since I love the Bayside, I will work towards securing a place to build my house within the next ten years.
I strongly believe in family. Due to this, I have included marriage in my life plan for the next ten years. Currently, I am dating, and I believe that my girlfriend is the best woman for me. Recently, I engaged her in a discourse about the nature of our relationship, and told her that I wished to settle down in the next ten years. Fortunately, she also believed in the need of settling before thirty, and building a strong family. Thus, in ten years I see myself as a married man, and probably a father to a beautiful son or daughter.
As aforementioned, I see myself having my own cyber security firm in the next ten years. In order to achieve this, I have set aside a comprehensive financial plan which I have resolved to abide by for the next ten years. My financial plan is mainly centered on my career and investment. I have decided to be committed to my career for the next five years. Since I am interested in the field of cyber security, I will find a job before the end of the year. Then, I will work towards achieving promotions at work as well as receiving a bigger salary and bonuses. Once I have achieved this, I will allocate 60 percent of my salary to my savings account, from which I will invest in different sectors of the economy.
I have seen it of great consequence to invest in the S " P 500 companies such as Exxon gas, Amazon and Verizon. Compared to other financial sectors of the economy, the S " P 500 is the best place to invest in since one can reap 10 percent of benefits of the invested capital annually. Thus, I will ensure that about 30 percent of my savings goes to S " P investment. I have also endeavored to allocate another 30 percent of my savings to currency trading. Foreign trading is a lucrative industry in the current century. In a day, it is estimated that about 5 trillion dollars are traded (Lander and Preece). I am mainly interested in investing in GBP, RNB and the AUS currencies due to their fluctuations to the US price. I have also resolved to invest 30 percent of my savings in the natural gas industry. The United States natural gas sector has greatly improved by a margin of 20 percent in the last ten years (Chudley). Thus, I see it of great importance that I allocate a good part of my resources in this sector of the economy so as to reap more financial benefits. I have also analyzed the digital currency market and found it to be of consequence. Thus, I will invest at least 10 percent of my savings to digital currencies such as Bitcoin with the hope that I will receive great rewards after ten years.
It is important for an individual to be engaged in adventures for the sake of his/her well-being. It is also consequential to have friends. It is due to this reason that I decided to accommodate adventures and friendships in my ten year life plan. Thus, in ten years, I see myself as a well-travelled individual, who has seen many parts of the world. I would like to visit at least 5 countries in the next ten years. I also see myself as an individual with good connections, both individual wise and business wise. This is because it is my belief that one needs friends so as to make progress in life. After prom, I was fortunate to visit the Hamptons with my friends. The experiences were incredible, and I have decided to revisit the place once more in the next two years. I have also been fortunate to visit Malta with my friends, and attended the Saint Peter and Paul feasts. By attending this feast, I realized that it was important to experience different cultures and interact with people from different races. This gives an individual insight about life, as well as distracting the individual from the monotony of daily activities. I have thus decided to make plans to visit the Dominican Republic. Majorly, this is because I have never been to South America. I have also set aside four more countries that I will visit before the ten years. I will Japan, as well as Italy.
Conclusion
Having a life plan is an important thing in one’s life. Not only does it provide one with the necessary direction, it also helps the individual to curtail unnecessary worry and anxiety. By having a life plan, one is able to craft achievable goals which can be measured against a given time period. Having a life plan also helps an individual to continue being ambitious as well as hardworking since the set goals need to be achieved. It is my belief that I have a plausible ten year plan, and that I will abide by it. I also believe that my ten year plan will lead me to success, and that I will achieve my life’s goals at the end of this period.
Works Cited
Chudley, Jody. “This commodity might double over the next 18 months.” Business Insider, June 16, 2016, https://www.businessinsider.com/why-you-should-invest-in-natural-gas-2016-6?IR=T. Accessed on November 27, 2018.
Gillett, Rachel. “What 31 highly successful people were doing at age 25.” Business Insider, March 29, 2018, https://www.pulselive.co.ke/bi/strategy/what-31-highly-successful-people-were-doing-at-age-25-id8184610.html. Accessed on November 27, 2018.
Hyatt, Michael. “7 Reasons Why You Need a Written Life Plan.” Michael Hyatt, August 2, 2018, https://michaelhyatt.com/7-reasons-why-you-need-a-written-life-plan/. Accessed on November 27, 2018.
Lander, Kate and Preece, Rhodri. “Finance briefing: Foreign exchange market and why it matters.” Financial Times, April 6, 2014, https://www.ft.com/content/a3b9e74c-ba6f-11e3-aeb0-00144feabdc0. Accessed on November 27, 2018.
Royal, James. “What Is the Average Stock Market Return?” Nerd Wallet, October 30, 2018, https://www.nerdwallet.com/blog/investing/average-stock-market-return/. Accessed on November 27, 2018.
