In previous episodes of our podcast, we've reached the point where we are at our "final choice" of what the next phase of your life could look like. Today, Zurich Awes and Jag talk about prepping for that "Gap Year," and trying out your new life.
Give yourself the option to either extend this year to multiple years, or even to bail if it's not working. And allow yourself to go through the very natural emotions of this transition - wonder, shock, awe, fear, guilt, grief, elation, and/or freedom!
Plan out this year in a way that it won't destroy you financially if it doesn't work out. At this point we are flying WITH a net. And be sure to work with advisors who have the experience to advise you through this process.
Which aspects of your life will remain active during this gap year, and which aspects will go "on hold?" HOW do you put them on hold? There could be issues with cars, homes, insurance and especially PEOPLE! Know how you're going to maintain relationships while you're gone, and make plans to stay in touch with the people who are important to you.
As always, document everything! And have multiple plans - not just a plan B and C, but all the way to Z if you need to. And if something's not working, and you change a variable, be prepared to backtrack through those plans.
Have an exit strategy should you need it, and don't be afraid to fail. Failing will only teach you.
For more information on Zurich Awes, reach him at https://www.zurichawes.com/
Or Call him at (763) 577-1900