• 03:05:29 am on October 14, 2008 | 0
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    Reworking Your Number …We are rocketing to the last stage of reworking our Number (and Date) …

    … this is the last time that we will be doing this exercise on this site … the next step is start talking about how we’re going to get there … wherever ‘there’ may be for you!

    Now, some of you have already completed reviewing your Number as part of your Lee’s List exercise; if that’s YOU, then read (a), else, skip to (b):

    (a) OK, are you sure that your Lee’s List really focused on the BIG TICKET ‘Life Purpose’ items …

    … or, was it full of things that you wouldn’t bother mentioning to your 8 y.o. grand children (or, put in your obituary, if that helps to put what I am talking about in perspective)?

    If, you’re NOT sure … now, would be a GREAT time to review/add/delete to/from your Lee’s List and update your original post via the comments section.

    Once you’re happy with your Lee’s List, review once more your Number/Date:

    If it captures EVERYTHING that you want/need in order to be reasonably happy AT A MINIMUM (and you used the Rule of 20 … that’s probably a great place to start for now), then skip to (c).

    (b) You need to (re)work your Number/Date:

    1. Are you really happy with your Lee’s List? If not, this is your last chance (for now) to review/add/delete to/from it … when you’re sure that you are as happy as you can be with it for now:

    2. Go back and review this post:  http://7m7y.com/2008/07/22/accumulating-stuff/

    3. You’ll also want to scroll forward through the posts and skim the next 8 days worth of posts for information that may help you complete the spreadsheet.

    4. Don’t forget to add in your Lee’s List items as well as any lifestyle items that you want/need in order to be reasonably happy AT A MINIMUM

    5. When going through these lists, identify the 2008 ESTIMATED COST of any items that are:

    (i) one-off (you will ADD these to Your Number AFTER applying the Inflation Adjustment Factors), OR

    (ii) Annual (you will Multiply by 20, AFTER applying the Inflation Adjustment Factor, THEN add these to Your Number), OR

    (iii) Recurring (e.g. “a new car every 5 years”; you will Divide by the Number of years, THEN Multiply by 20, AFTER applying the Inflation Adjustment Factor, THEN add these to Your Number).

    6. You COULD just select one of the three sample lifestyles that I provided in 3 of those posts that I mentioned in 3., but it would be better if you used them as a series of menus picking only the items from each that you need and substituting anything that you need/want that may not be on the lists already.

    (C) You sure you’re done?! Last chance ….

    … because, next, we’re going to come full circle: instead of looking at the FUTURE, we’re going to take a close look at where we are TODAY.

     

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