Today ; I was thinking of planning something . The thought came to my mind : Should I plan it for a very Long time : 5 or 10 Years + ? Or should I think it only in terms of this year and next . All of us who believe in planning face this question now and then . So I would get a bit into Pros and Cons of both options : Long term Option Pros : 1) Helps us in taking Tough decisions that influence our overall spending Habits , Personality Traits . 2)Helps us plan better for Rainy days and keeping a buffer stock of Finances as well as Resources. Cons : 1)Long Term Planning might make us in the habit of thinking too much. Also,we may tend to focus too much on future rather than on present . 2)What If conditions surrounding our decisions change beyond recognition . Say;we plan something assuming that Personal Computers would be around for 10 more years at least ;and some new thing comes up that eliminates PCs altogether !! Short Term Plannin...
Sharing my views , ideas and experiences on everyday Life matters from time to time .