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

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  • Post last modified:July 19, 2023

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.


In conclusion, An action plan is imperative. This helps ensure goals are achieved. It gives guidance and direction. Regular monitoring and review of the action plan leads to better results. It also helps to identify obstacles that can be addressed before they become major issues. Finally, it provides a platform for celebrating success. Please checkout on my membership site for other resources.


Elphas Sipho Mdluli- MBA Areas of Expertise Business Leadership – Operations Leadership – Financial Management – Process Optimisation – Decision Making Stakeholder Engagement – Project Delivery – Organisational Strategy – Relationship Management – Negotiation Skills Strategy Development – Change Management – Relationship Building – Team Empowerment – Performance Improvement Critical Thinking – Systems Thinking – Strategic Planning – People Management – Business Administration Executive Summary As a meticulous, driven and people-oriented professional, Elphas is motivated by ensuring the achievement of organisational goals. He is fuelled by improving business performance, whilst his all-embracing skillset has enabled him to successfully execute projects across various platforms. His career has presented the effective delivery of solutions, leveraging expertise in financial, operations, administrative and business processes, as well as the management of integrated transformational projects. Elphas thrives in complex environments where strong leadership is required to drive business performance. As a highly focused and participative leader who believes in effective teamwork, he prides himself on his innate ability to connect with and lead stakeholders across all levels of an organisation. With a dedication to continuous improvement, Elphas has completed a vast range of courses, including currently completing his Doctor of Business Administration, building upon his MBA, Bachelor of Ministry degree and Bachelor of Commerce degree in Accounting, to mention just a few. Career Summary Elphas has built his career on a strong academic foundation across a diverse range of areas, including accounting, management development, ministry, finance, corporate governance, risk management, behavioural intelligence, leadership and business administration. He is a Business Leader, an Author, a Lecturer and a pillar within his community. His diverse roles have shaped his skillset and his early roles consisted of Chairperson and Senior Pastor for Christian Liberty Centre and Branch Officer for Select Management Services before moving to Sibonelo Savings and Credit Cooperative Society as Accountant, Manager and then General Manager. In 2013 Elphas spearheaded the start-up of Life Solutions Investments, an organisation providing Training & Consultancy as well as leading operations of a Block Yard. He has also been contracted by Calvary College as a part-time Lecturer. In addition, Elphas has written and published numerous books based in business, marriage and spirituality, as well as being Founder and Senior Pastor of the Freedom Centre International Church. As a result of his sharp business acumen, Elphas was offered the role as Executive Manager for Eswatini Association of Savings and Credit Co-operatives (ESASCCO) where he effectively led teams across various departments. He oversaw Administration, Finance, Training, ICT and the Insurance departments. Elphas has consistently excelled in improving performance and has enjoyed many successes throughout his career, which is evident in the success of the organisations in which he is involved. Elphas provides a significant contribution to the long-term sustainable growth through his extensive experience, vast administration knowledge and impeccable business leadership abilities. His implementation skills are forefront in overall strategic development, and his involvement in business ensures ground-breaking improvement in performance. He is a resourceful professional who has a passion for the development of commerce and the progress of human capital within business, ensuring and facilitating significant growth and financial health of an organisation.