FYR011 Planning creates direction and gives us focus, fail to plan and you plan to fail

During this episode, I review a common theme running through both Mikes and Hywles episodes, FYR009, and FYR010. Although they come from two very different professions, Mike is a successful professional fund manager and Hywel is a successful business consultant, they both stressed the importance of planning. Many regularly use the skill of planning when booking a holiday to buying a new car. With the abundance of information available at our fingertips, its never been a better time to plan your way to financial self-sufficiency and set a target of funding your retirement. It starts with planning 0.00 to 0:40 Introduction 0:041 to 1:27  Mike and Hywel discuss the importance of planning in episodes FYR009 and FYR010 1:28 to 2:30 How you are already skilled at planning and many plan a major event each year, your holiday 2:31 to 3:00 The fundamentals of planning 3:01 to 3:36 Business plan outline 3:37 to 4:40 Trading plan outline 4:41 to 5:44 Spending time researching and planning for a new car 5:45 to 8:01 We live in the information age, planning creates direction, and it gives us focus 8:02 to 9:24 Next weeks topic on risk management and wrap up Have a wonderful day, The FYR team. Resources: Knowledge Area   Trading For Retirement Community and Training Fund Your Retirement E-book