my financial plan at age 25 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
My Financial Plan at Age 25 PowerPoint Presentation
Download Presentation
My Financial Plan at Age 25

Loading in 2 Seconds...

play fullscreen
1 / 10

My Financial Plan at Age 25 - PowerPoint PPT Presentation


  • 212 Views
  • Uploaded on

My Financial Plan at Age 25. by Sophiana C. AOF Financial Planning June 6. About me. Biography: College graduate with BS in Economics Financial planner for small bank for last 3 years Single Rent apartment Values Sustainable tourism Financial independence Risk tolerance: medium.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'My Financial Plan at Age 25' - callia


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
my financial plan at age 25

My Financial Plan at Age 25

by Sophiana C.

AOF Financial Planning

June 6

about me
About me
  • Biography:
    • College graduate with BS in Economics
    • Financial planner for small bank for last 3 years
    • Single
    • Rent apartment
  • Values
    • Sustainable tourism
    • Financial independence
  • Risk tolerance: medium
my short term goal
My short-term goal
  • Travel to the Galapagos Islands
    • Direct cost: $7000
    • Opportunity costs: loss of income for 4 weeks ($3100), loss of interest on trip expenses
my mid term goal
My mid-term goal
  • Start a financial planning firm by 30
    • Direct cost: $65,000
    • Opportunity costs: lose job security, guaranteed income, health & disability insurance, free time
my long term goal
My long-term goal
  • Buy a house by age 40
    • Direct cost: 20% down payment plus taxes, insurance, fees (about $60,000?)
    • Opportunity costs: freedom to relocate for at least 5 years, reduction in disposable income
my balance sheet
My Balance Sheet

Regular Assets $14,460

Wealth-building assets $ 9,230

Total Assets $23,690

Total Liabilities $ 6,435Net Worth $17,255

my cash flow statement
My Cash Flow Statement

Total income $48,800

Total expenses $37,600

Available to save $11,200

my insurance portfolio
My Insurance Portfolio
  • Auto
    • 3-year-old sedan
    • Comprehensive coverage
    • $750 deductible
  • Property: renters insurance
  • Health & Disability: provided through job
  • Life: wait until I get married
my investment plans
My Investment Plans
  • Short-term goal: Visit Galapagos Islands
    • $8500 certificate of deposit matures in time
    • Reinvest remainder in IRA
  • Mid-term goal: Own financial planning business
    • Continue saving in certificates of deposit
    • Roth IRA
  • Long-term goal: House
    • Invest in mutual funds
    • AAA rated bonds
conclusion
Conclusion
  • “A goal properly set is halfway reached.”
  • Abraham Lincoln
  • What I learned in this course:
  • What my values are
  • How to set goals that are reachable
  • How to determine my net worth
  • The power of compound interest