PersonalAnnual PlanningFrameworkHisun Kim @uxhisunRyan Krems @kremsr
Who we are + Caveats• We are wife and husband who care deeply about life’s priorities and living them to the fullest• So we started looking into ways to remind us what matters most to us and how to achieve them most efficiently & enjoyably• Two-MBA household (though also designer & engineer) = planning-obsessive and measurement-driven• Start-uppers following Lean Startup (build-measure- learn) paradigm = plan quick & get to action• We are still tinkering the framework. Pick only the things that work for you & modify others.
Why personal planning?• Feeling of ownership with life’s priorities• Understand our own desires and aspirations• Evaluate current standings• Take challenges with our own pace• Big bonding experience among family members (shared goals, everyone pitches in)
Warming-up: simple recap• Top 10 events of the past year• Travels each individual took throughout the year• Nominate Good/Bad/Out- of-whack of the year• Any celebrations to make toast for
Spider map gut check• Gut-check current status of life balance for each participant• N axes to represent things important to you• Rank how you feel about each axis this year 0 – 10• Any dent = areas you are not balanced well• Overlay past years’ spider maps to see the changes over time
Professional recap• List out professional achievement of the year• Take time to update resume and LinkedIn• Gather portfolio material
Financial review• Assets / debts – list out all assets/debts and their values• Expenses – check expenses of the year (or any big chunks)• Investments – how they are doing, rebalancing needed?• Tools to utilize o Mint.com o Zillow.com (house market value) o Kbb.com (car market value)
Roadmap of the future• Future resume / future press release about yourself or your achievement• 5 / 10 / 15 year map• Yearly markers
Personal branding• Write down 10 adjectives that you want to be described with, by others• One adjective on each sticky note• After throwing all on the wall, group them with affinity• Summarize the branding in a sentence• Compare among participants
New year’s resolutions• Brainstorm what’s important next year to bring you closer o to the personal branding o to the road map of future• Pick a mission for the year, 5-7 objectives for the mission, strategies and tactics for each objective• SMART goals from strategies and tactics o Specific o Measurable o Attainable o Relevant o Time-bound
How to keep on track• Pre-determined check points• Scorecard• Checkboxes• Measure progress• (We are still struggling with how to keep ourselves on track. Please share back what works for you)
Tips to make it more enjoyable• Make things quantifiable, measure and visualize it – seeing it is believing in it• Make the workshop special time & put yourself in the different frame of mind o Book a get-away o Make an enjoyable ritual associated with it o Throw in wine/beer/coffee whatever bev of your choice• Use lots of colorful sticky notes, color pens, whiteboards, etc – make them tangible & fun• Involve everyone in the household. Complete buy-in is needed• Choose only the methods that work for you & modify
Lessons learned• True value of planning workshops comes in from the 2nd year o Review of the past year’s planning o Overlay years’ accumulation o Changes and how to address them• Have to attach actions for each goal and make it measurable• Attention span during the planning doesn’t go more than 2~2.5 hours for two adults o maybe less for more people or family with kids• Follow up with pre-scheduled check points!