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
Subscribe to get posts via email
|You Can Be Rich Too With Goal-based Investing A book that can help you ask the right questions about money and find simple solutions. Comes with nine online calculator modules. Read more about the book and order now!|
GameChanger - Forget Startups, Join Corporate & Still Live The Rich Live You want Take that international trip at 50% lower costs! Optimise credit card usage! Set money management on auto-pilot! Read more about the book and order now!