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VILLAGE OF EPHRAIM FOUNDED 1853 PLAN COMMITTEE MEETING AGENDA Thursday, March 5, 2015 7:00 p.m. Village of Ephraim Office 10005 Norway 1. 2. 3. 4. 5. 6. Call to Order Quorum Changes in Agenda Visitors

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How to fill out 15-3-5 plan

How to fill out a 15-3-5 plan:

01

Start by identifying your long-term goals and aspirations. Consider what you want to achieve within the next 15 years, whether it's related to your career, personal life, or any other aspect.

02

Break down your long-term goals into smaller, actionable objectives that you can work towards within the next 3 years. These objectives should align with your long-term goals and serve as stepping stones towards their achievement.

03

Once you have identified your 3-year objectives, further break them down into short-term goals that you can accomplish within the next 5 years. These goals should be specific, measurable, attainable, relevant, and time-bound (SMART goals).

04

Outline the necessary steps or strategies you need to take in order to accomplish each of your short-term goals. This could involve acquiring new skills, networking, seeking mentorship, or any other actions that will help you progress towards your goals.

05

Regularly review and update your 15-3-5 plan to ensure that it remains relevant and aligned with your evolving aspirations. As you accomplish certain goals or face new opportunities, adjust your plan accordingly to keep it up to date.

Who needs a 15-3-5 plan:

01

Individuals who have long-term goals and want to break them down into manageable steps will benefit from a 15-3-5 plan. Whether you're pursuing a particular career path, starting a business, or working towards personal growth, this plan can provide structure and guidance.

02

Students who are planning their educational journey can use a 15-3-5 plan to map out their academic and career goals. Breaking down their aspirations into smaller objectives can help them stay focused and motivated throughout their educational journey.

03

Professionals who are looking to advance in their careers can utilize a 15-3-5 plan to set actionable goals and develop a roadmap for success. This plan can keep them accountable and provide a clear direction for their professional growth.

04

Entrepreneurs and business owners can benefit from a 15-3-5 plan to establish both short-term and long-term objectives for their ventures. This plan can help them prioritize tasks, allocate resources effectively, and track progress towards their business goals.

05

Anyone who wants to achieve personal development and improve various areas of their lives can use a 15-3-5 plan. By setting specific goals and outlining the necessary steps to reach them, individuals can enhance their personal well-being, relationships, and overall satisfaction in life.

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What is 15-3-5 plan?

The 15-3-5 plan is a financial plan that involves saving 15% of income, investing 3% and donating 5% to charity.

Who is required to file 15-3-5 plan?

Anyone who wants to manage their finances responsibly can benefit from creating and following a 15-3-5 plan.

How to fill out 15-3-5 plan?

To fill out a 15-3-5 plan, calculate 15% of income for savings, 3% for investments, and 5% for charitable donations.

What is the purpose of 15-3-5 plan?

The purpose of the 15-3-5 plan is to help individuals save, invest, and give back to the community in a balanced and sustainable way.

What information must be reported on 15-3-5 plan?

The 15-3-5 plan should include details of income, savings accounts, investment accounts, and charitable donations.

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