Transforming Dreams into Goals My 5-Year Strategy

I think everyone has short and long-term plans for the future. Whether dreaming big or setting small daily goals, having a vision and a plan is essential for personal growth. It’s important to be flexible and open to change when things don’t work out as expected. Dreaming gives us hope and motivates us to strive for a better life. Let’s embrace the beauty of dreaming and take the necessary steps to make our lives more wonderful and fulfilling.

Here’s a breakdown of my 5-year plan:

Year 1: Preparation and Travel

Travel to Indonesia and Ireland: Plan and budget for your trip, including travel, accommodation, and any other expenses.

Start Bookkeeping Certificate Program: Research and enroll in a reputable bookkeeping certificate program. Begin your studies and allocate time for coursework and exams.

Year 2: Education and Initial Business Setup

Complete Bookkeeping Certificate: Focus on completing your bookkeeping program and obtaining your certificate.

Start Bookkeeping Business: Begin setting up your bookkeeping business. This includes creating a business plan, registering your business, and acquiring your first clients.

Year 3: Growing Your Bookkeeping Business

Expand Client Base: Work on growing your bookkeeping business by acquiring more clients and establishing a good reputation.

Start Planning for Bed and Breakfast Business: Begin researching the requirements for starting a bed and breakfast, including location, regulations, and initial costs.

Year 4: Launch Bed and Breakfast Business

Set Up Bed and Breakfast: Purchase or lease property, renovate if necessary, and get the necessary permits and licenses.

Open for Business: Launch your bed and breakfast, focusing on marketing and attracting guests.

Year 5: Stabilization and Savings

Stabilize Both Businesses: Focus on stabilizing both your bookkeeping and bed and breakfast businesses, ensuring they are running smoothly and profitably.

Focus on Savings: With both businesses generating income, prioritize saving towards your $100,000 goal.

Financial Planning

To save $100,000 over 5 years, you will need to save approximately $20,000 per year. Here’s how you can break it down:

Monthly Savings Goal: $20,000 / 12 months = approximately $1,667 per month.

Weekly Savings Goal: $20,000 / 52 weeks = approximately $385 per week.

Ensure to account for business expenses, personal expenses, and any unforeseen costs. Create a detailed budget and track your income and expenses diligently to stay on target.