What is your exit plan? Before you invest, you need to decide when and how you will get out. When you borrow, it’s the same thing: How and when can you pay this back? When you purchase something, how long will you have it, and when and how will you dispose of it?

When do you establish the exit plan? Every single financial transaction to spend, borrow, invest or insure starts with the end in mind. This means that before you sign to buy, you also know when and how you will sell, close, or exit the program. If you haven’t done this yet, then do it now. What are your overall financial goals? What are your priorities? Given the programs you have in place, when and how will you sell them or eliminate them from your financial life?