Last Updated on December 18, 2021 at 10:43 pm
Here is a simple goal planner that serves as a visual aid to highlight the importance of beating inflation for long-term financial goals. It compares the evolution of the current cost of an expense with an assumed inflation rate and the growth of monthly and lump sum investments.
The monthly or lump sum investment along with the corresponding interest rates have to be modified until the ‘cost’ curve intersects with either the ‘lump sum investment value’ or the ‘monthly investment value’ curves (red dot).
This sheet was suggested by financial planner, Mr. K. Gunasegaran of wealth-street.com
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