Your Own Financial Plan
instruction starts from 43 mins I am age 24 rest make up your own
https://www.youtube.com/watch?v=rYsQ1qX0EP8&list=PLifeldXmlrU0OLHzXfXizQ0k3caDDiSL1
Develop your own financial plan.
Use the spreadsheet. (attach below ) attached is an example
Make assumptions.
Write Executive Summary illustrating possible income/wealth gains necessary to support children and home assumptions.
In your Executive Summary includes the following:
MUST HAVE THE FOLLOWING
- Were you able to have as many or as little kids as initially thought?
- Likely age you’ll buy a home.
- Savings rates and are they feasible.
- Give your current age now, will you be on track?
- What is the minimum required investment rate of return necessary to hit your retirement targets at the same time meeting all your other financial obligations?
- The reality vs expectations before/after completing this Final Case Study.
-
PersonalFinancialPlanningConcepts.xlsx
-
YourOwnFinancialPlan.docx