We teach the boys that it is OK to change their Financial Goals plan along the way. That things will come up and goals or plans will change and to accept the change.

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

For example, if they are single and make up their Financial Freedom goals and plans there are many changes that could come into play during their lifetime that can change their plans and goals drastically.

Here are some examples that could come up for our boys;

- They could get married. Then they would come up with new plans and goals that work for the two of them.

- They could have kids of their own. Then they would have a huge change in their lifestyle and budget which could affect their plans and goals.

- They may have a large Medical Expense. Think if you had a large out of pocket bill of $50,000 and how that could affect your plans.

- They could encounter Job loss. Some people it takes over 12 months to find a new job. A person could burn through a lot of savings until they get a new job.

- They could encounter some major home repairs. Homes are expensive and repairs can add up. New Heating and Air Condition unit could run $5,000 to $10,000 depending on the size or a new Roof could run $10,000 to $20,000 depending on the size and type of your roof. Plus, things wear out around your house and need replaced. For instance, to have a Water Heater replaced with installation can run around $1,000. We factor in projected costs of home ownership into our plans.

The list could go on and on of things that could come up and alter their original plans and goals towards Financial Freedom. It could take them longer to hit their goals and they would need to accept the new time lines.

The choice is always there depending on what they encounter on if they try to increase their income coming in or to reduce other expenses to cover the new ones. The other choice is it could take them longer to hit their Financial Freedom goals. It will be what ever they choose to do.. Listen to the whole Podcast for all the details.

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