[ORDER SOLUTION] Personal Financial Plan Assignment

Your assignment is to think through the things you want to accomplish in life. This is not a short-term assignment, and it will require you to work and contribute to it during the course of this Summer II session. The purpose of this assignment is to write down your goals for your future and determine where you want to be. Be very specific with the goals you set. Your goals may include graduating with your MBA, having children, investing in their college funds, buying a home/vacation home, retiring with $1 million, taking a round-the-world vacation, etc. As you think through your goals, recognize that there are many different ways to organize them. You can organize them by time frame: short/medium/long-term. You can organize them by responsibility: family, work, education, church, and so on. Or you can organize them by priorities, with your highest-priority goals first. As you read through each chapter in the text, think of how you can apply your newly acquired knowledge to further develop your personal financial plan. If you need some help with applying the concepts you come across to your personal life, look at the end of chapter Action Plans. Each chapter closes with an Action Plan that should help you put your knowledge into action. For example, in Chapter 1 we talk about choosing a career, preparing for the unexpected (as with economic downturns) etc. As you look over your previously listed goals, you may want to include information about your career path that may impact your goals, as well as contingency plans should you find yourself in another 2008 or 2020 economic situation. In Chapter 2 we discuss the use of personal financial statements as well as budget development. After you read Chapter 2, you may decide to add elements of certain financial statements or a working budget to your personal financial plan. The objective is to add/modify your personal financial plan as you acquire more tips/suggestion/recommendations given your newly acquired knowledge base throughout the semester. By the time you reach the end of Summer II, you should have a well thought out and developed Personal Financial Plan. The following are key things to consider as you develop your financial plan: 1. I’m not overly specific on the style I’m looking for (first person vs. third person, inclusion of graphs, preparation of videos, etc.) because I want students to develop their plans as they best see fit. In the past, I’ve had students simply put together a 10-page write-up (not the best – I would advise using some tables and charts be included), I’ve had others include appendices with tables and charts to help explain their plans, and I’ve even had a student develop a short video to go along with their financial plan. You have free reign with regard to how you want to develop this. 2. The non-negotiables are as follows: A 5-page minimum is required for Part 1 of your Financial Plan, and another 5-page minimum is required for Part 2 of your Financial Plan. It shows me you’ve put effort into your plan and have not just stayed up overnight to complete it. If you have been setting aside time each week to work on it as you read through new content, it should not be overwhelming. Remember, a minimum means you are always free to write MORE THAN the 5 pages mentioned. Please keep in mind that “quoted” text from other sources does not contribute to your overall page-writing minimum. I want your thoughts, your ideas, your goals, and your content written out. You may incorporate some graphs, tables, and calculations to show how you plan to carry out your financial plan, but these should be proportional to the amount of writing and explanations I want to see from you. You can also include some of these tables, graphs, and pictures as appendices to your plan. If you submit only 4 pages for Part 1 of your Personal Financial Plan, I will deduct 5 points right off the top. If you submit only 3 pages for Part 1 of your Personal Financial Plan, I will deduct 10 points right off the top. If you turn in anything less than 3 pages, I will not grade your assignment and you will receive a 0 for it. The same rules apply for Part 2 of your Personal Financial Plan. I also don’t want to see only pages upon pages of excel spreadsheets by the time you are through. I’m looking for written explanations of what you’re presenting. It’s important to not just show a table or graphic, but to be able to explain well, in writing, what you’re trying to achieve. Please also don’t think that if you’ve performed really well throughout the semester you can get away with turning in a financial plan that doesn’t meet the length requirement and take the point deduction without worry. The points for not having the appropriate length are just that. Points lost for not meeting minimum length requirements. Chances are that you will also have more points deducted for not having enough substance in the pages you do provide. 3. I have found that most students start off with prioritizing their goals (either by importance to them or by short vs long term criteria). For example, you may have started your financial plan by simply listing a few of your goals: pay for my MBA, set up college funds for my kids, buying a larger home, taking that dream vacation, investing more money, retiring at 65, ensuring I have the right kinds of insurance to cover needs, making sure my family gets their inheritance without issue, etc. You can then use the information you’ve acquired throughout the semester to help you develop ways to achieve those goals. For example, you may have decided to create a budget after reading chapter 2. This would be something you can discuss in your write-up (and even provide an example of your budget in your appendix). You may have then read Chapter 3 and decided that you can use time value of money calculations to help determine how much you need to set aside each month/quarter/year in order to meet your education and retirement objectives. You should show me the calculations you’ve worked on in order to determine these things (I really need to see some time value of calculations in your writeup so that I can see that you’ve fully understand this very important concept). As you read each new chapter, you can discuss things that are important to do when looking for a home. You can detail tax considerations, credit and loan usage, and the things you need to consider when making insurance decisions. You can discuss the types of investments you are choosing and why, and you can discuss important things to consider when developing your will and testament. 4. Please review your writing. If I can’t understand what you’ve written, I can’t grade it. Get it reviewed by the writing lab or by a trusted (and capable) friend if you have concerns about your writing skills. I will deduct up to 5 points per each financial plan (part 1 and part 2) if there are too many grammatical and spelling errors. 5. Support your statements. If you tell me you plan to set aside $250 each month for retirement, tell me why/how you’ve arrived at this number. If you tell me a particular kind of insurance is what you prefer, tell me WHY. It’s not enough to just say you like or don’t like something. Support your views. Lack of support could result in a loss of up to 25 points. 6. One final thing I will mention is that I’m looking for a good cross-section of topics. If you spend your entire assignment simply discussing retirement and estate planning, I’m going to assume you’ve only really spent time studying the last 2 chapters required for the semester. Be sure your financial plan covers a breadth of topics, or you can lose up to 15 points for Part 1 and another 15 points for part 2. Since we cover 7 chapters in Part 1 of your Personal Financial Plan, I would like you to at least cover material from 5 of those chapters (you may cover more – i.e. material from each chapter if you’d like). Since we cover 9 chapters for Part 2 of your Personal Financial Plan, I would like you to at least cover material from 7 of those chapters in your plan. 7. The remaining points on the table will be rewarded based on my personal assessment of your financial plan.

So much stress and so little time? Take care of yourself: let us help you with your task on
[ORDER SOLUTION] Personal Financial Plan Assignment
Get a 15% Discount on this Paper
Order Now
GPA Fix: Online Essay Writing Service from Top Tutors
Save More. Score Better
Pages (550 words)
Approximate price: -

Why Hire a Professional Essay Writer from GPA Fix

Quality Urgent Essays

GPA Fix online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At gpafix.com, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.

Essays

Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.