Section 3: Life Plan - Finance & Wealth

Due Mar 28, 2020 by 11:59pm
Points 50
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Section 3: Finance & Wealth

In this section you will discuss your income, cash flow and how you have built wealth.

Some of the items to consider are: income vs cash flow, appropriate budgeting, size of home, type of cars/transportation, variable vs fixed expenses, needs vs wants, savings plan, emergency fund, impact of taxation, investment/retirement plan, 401k, IRAs, cash investments, stocks, bonds, real estate, alternative investments, how investment allocations have changed over time, insurance considerations

Attached Documents in your Lecture Guide:

1. Monthly Budget

NOTE: This project should be completed as if you are approaching your retirement (assume you’re 60 years old). Ideally, you will write in the past tense (“I have done…” or “I completed…” instead of “I plan to…”)

This project can be completed using any medium you like. The emphasis of this project is the quality of content and not a specific length. However, if each section was typed, you would need 1-2 pages of text, five to ten Presentation Slides, eight to ten minutes of Video, etc. to cover each topic in enough detail. To make this project easier to complete it has been broken down into 4 sections (steps).