Do you keep track of where you are going, your goals, your plans, your lessons, etc.? We have found that keeping track of these things in a "formal" way really helps propel our financial and professional life forward.
We have two key "tools" that help us track our activities, goals, and plans.
We strive to have a family meeting once a week (we do occasionally miss a week)
During this meeting we:
This is a three ring binder with dividers. We have this binder handy at every meeting. We read from and add to the binder as needed.
The COVER: We printed off our Vision Board and slid it into the cover
The SECTIONS:
1) Mission and Vision. We put a lot of time into developing our Family Mission Statement.... mostly following the suggestions of Steven Covey in his Highly Effective books. I can write more about this if anyone is interested.
2) Goals. We have our long term (for us about 5 years) goal here as well as our annual goals. We also have our monthly "to do" activities that lead us to the goal in this section. The pages are chronological. We write about our goals on the front of the page, and we write about our lessons learned on the back of the page. As we set new goals - we review our old goals, write about the lessons we learned and we review old goals and old lessons.
3) Tracking. Here we track our financial progress. We record a balance sheet and the return we are getting on each of our investments here. If we need to make some changes to our portfolio, this is where we track that. The info is put into a spreadsheet form, then printed and put in the binder.
4) Business Beginnings. Here we record ideas - that we just don't have time for... yet. Sometimes it is nice to just have a place to get those ideas that are rattling around in our head down on paper.
5) Resources. We record notes from financial books we read here. It has been invaluable to have all those "ah-ha" moments we have had from books in one place. Notes about "ah-ha" moments from this forum would fit in well there too! Or from any classes or seminars attended... We also record attorney data, accountant data, info about Wyoming Companies, Nevada Companies, Land Trusts, etc. here.... or atleast the go-to people in areas of interest such as this.
We have two key "tools" that help us track our activities, goals, and plans.
1. Family Meetings
We strive to have a family meeting once a week (we do occasionally miss a week)
During this meeting we:
- Check in to see how each member is doing... do they have needs? wants? how are their individual goals going? What is next for them?
- Check in with our family goals. How are they going? What is next. Use our Family Business Binder.
- Do something fun together.
2. Family Business Binder
This is a three ring binder with dividers. We have this binder handy at every meeting. We read from and add to the binder as needed.
The COVER: We printed off our Vision Board and slid it into the cover
The SECTIONS:
1) Mission and Vision. We put a lot of time into developing our Family Mission Statement.... mostly following the suggestions of Steven Covey in his Highly Effective books. I can write more about this if anyone is interested.
2) Goals. We have our long term (for us about 5 years) goal here as well as our annual goals. We also have our monthly "to do" activities that lead us to the goal in this section. The pages are chronological. We write about our goals on the front of the page, and we write about our lessons learned on the back of the page. As we set new goals - we review our old goals, write about the lessons we learned and we review old goals and old lessons.
3) Tracking. Here we track our financial progress. We record a balance sheet and the return we are getting on each of our investments here. If we need to make some changes to our portfolio, this is where we track that. The info is put into a spreadsheet form, then printed and put in the binder.
4) Business Beginnings. Here we record ideas - that we just don't have time for... yet. Sometimes it is nice to just have a place to get those ideas that are rattling around in our head down on paper.
5) Resources. We record notes from financial books we read here. It has been invaluable to have all those "ah-ha" moments we have had from books in one place. Notes about "ah-ha" moments from this forum would fit in well there too! Or from any classes or seminars attended... We also record attorney data, accountant data, info about Wyoming Companies, Nevada Companies, Land Trusts, etc. here.... or atleast the go-to people in areas of interest such as this.
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