The Journey to Financial Freedom- Create an action plan to reach your goals and monitor progress

Freedom Hub
Freedom Hub
The Journey to Financial Freedom- Create an action plan to reach your goals and monitor progress

We said the financial freedom is a journey, which meant it takes time if one finally reaches it. Again, we said you need to assess to properly note where you are. Last week we said set realistic goals. Our reading is from two portions of scripture:

“Commit your works to the LORD and your plans will be achieved.” [Proverbs 16:3].

“Many plans are in a man’s heart, but the purpose of the LORD will prevail.” [Proverbs 19:21]. So, today we are looking at creating an action plan. Let us dive in.

What is an action plan?

Action plans are written documents that detail the steps to achieve a specific goal.

These are micro-goals. It should include details of how and when each task will be completed, as well as who is responsible for each task. Action plans help with accountability and keep one motivated to reach the goal.


How to create an action plan? 


1) Start by writing down all the tasks that need to be completed to reach the goal. 


The tasks necessary to reach a goal must be written down. This will help you know what needs to be done. For instance, if the goal is to launch a website, the tasks may include setting up hosting, creating the design, and writing content.


2) Assign deadlines for each task 


For an action plan to work, timelines are needed. When is the task supposed to be finished? Set deadlines for each task. For example, you could set a deadline of two weeks for completing and submitting a project proposal, a month for a task that requires more research, and a week for a task that can be quickly completed.


3) Assign who does each task. 


It should be clear who is carrying out the task. This ensures someone is accountable and every task is done. Otherwise, it might not be done. Make sure everyone knows them. For example, the team leader should make sure each team member understands who is responsible for completing each task before the project is started.


4) Track progress regularly and adjust the plan when needed.


Progress needs to be checked regularly. That is monitoring. This helps track something earlier. Otherwise, it might be too late to realize that nothing is happening. This helps us take corrective measures if things diverge. Monitor progress regularly and provide support as needed. Finally, review the action plan periodically and adjust it as necessary.  For instance, if progress is not being made as planned, an organization can reassign resources or adjust the timeline to ensure that the project stays on track.  Please visit my membership platform. You may also visit my website.

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