Even if you’re only 15, start planning now. You might simply note the years that you’ll be 60, 70, 80 and 90. Perhaps you’ll write down how much money you’d like to have flow into your pocket each month from your passions, savings and investments. Then you know what you need to accumulate to reach that income goal in 50 years.
Sort your will, funeral arrangements and inheritance planning. Get an outline of these things together and speak to people in these areas or read books and magazines about it.
Spend some time and money to create a very simple and effective plan. You’ll sleep better knowing it’s done and everything has been taken care of. And your family will greatly appreciate it when you’re gone as they can focus on mourning you rather than racing around to sort out the estate, plans and time-constrained challenges.