2 FINANCE papers due w/instructions

Personal Financial Plan 10 pages.

Develop a personal financial plan detailing the financial goals that you and/or your family have developed. This is a staged project.

· Stage 1: Analyze your personal financial situation using appropriate financial tools.

· Stage 2: Identify short-term, mid-term, and long-term goals. Rank your goals in order of importance as they relate to the financial resources available and expected. Estimate the financial commitment for each goal.

· Stage 3: Consider all factors we have covered in class, including budgeting, time value of money, asset protection, debt/credit, savings, investing, and estate planning.

Incorporate the first two stages to complete the development of the financial plan. This is the capstone assignment of this class, so careful preparation is needed to illustrate concept understanding and application.

The personal financial plan is worth 20 percent of your final grade.

Take into consideration that I have no current capital towards my future investments, but am taking a real estate investment path. I plan on flipping houses and buying rental estate properties to build my wealth and retirement. Please include this in my personal financial planning.