Write how you expect these statements to look like in one (1) year
Personal Financial PLAN
Financial Planning Scholars,
As we begin your journey towards the mastery of personal finances, it is important you assess (measure) your personal finances regularly. To do that, you will draft two (2) personal finanial statements as of 1/31/2022 and write commentary on how you think they will change in future years:
Net Worth Statement (or Balance Sheet)
Net Income Statement (or Cash Flow Statement)
Using the examples in Chapter 2, you will (as of 01/31/2022):
Document your total Assets and Liabilities and Net Worth (Balance Sheet)
Document your Income and Expenses and Net Income (Income Statement)
Write how you expect these statements to look like in one (1) year
Wrtie how you expect these statements to look like in ten (10) years
Submit your “Personal Financial PLAN” by 02/11/2022 at 10:00 am EST