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(Know Your Current Financial Situation) – Using the selected articles and other credible outside sources, answer the challenge of this assignment.
Take an honest look at your entire financial situation. Using the charts within the weekly article, determine and describe your current net worth by comparing your current assets (what you own) compared to your current liabilities (what you owe).
Now, track and identify your typical monthly income and a typical month of expenditures.
Next, identify the amounts you would be able to save on a monthly basis. Furthermore, declare the types of investments you would use within your portfolio.
Finally, if you were to assume an average 10% gain per year, calculate and project the amount of savings you would accumulate by the time you turn 65 years old (a typical retirement age).
State whether your financial plan meets your expectations. If your plan does not meet your expectations, what options may you have to better your financial plan?
Guidelines for Writing Papers
Your papers should be:
word-processed using Microsoft’s Word (extension .doc or .docx)
Your papers should have:
a font size of 12
a cover page that includes your paper’s title, your name, the date, and the course identification
an introduction that states the purpose of the paper, and provides a roadmap of the paper’s contents
paragraphs that develop and support your ideas
section titles or headings, that help to organize your presentation
a conclusion that summarizes the paper
a logical flow
smooth transitions between ideas
in-text citations and a reference (bibliography) page using APA style (no footnotes)