Financial Plan Generated Results

MONTHLY CONTRIBUTION RECOMMENDATIONS

These are the recommended amounts you would invest per month to reach your net worth goal based on three examples of portfolio growth percentages. Portfolio returns vary with the market, so the actual percentages will increase and decrease unpredictably. The three percentages in these results (6%, 12%, and 18%) are simply examples for visualization.

Net worth goal: $

Total Current Assets: $

MONTHLY CONTRIBUTIONS VS. TIME HORIZONS TO REACH NET WORTH GOAL

Growth Percentages 6% 12% 18%

Also note these numbers do not reflect how you would allocate the contribution across asset classes. The purpose of this calculation is to serve as a point of conversation with your financial advisor.

SOURCES OF INCOME RECOMMENDATIONS

These are benchmark percentages we use to optimize income allocation. In column 2 you will see the benchmark recommendations. Column 3 is the benchmark ($) amount of your total income based on the recommended percentage. Column 4 reflects your current responses. Column 5 shows the difference between the benchmark and actual numbers.

Total Monthly Income: $

Total Monthly Expenses: $

Total Disposable Income: $

Sources of Income Benchmark Percentages Benchmark Totals Actual Response Difference
Salary (W2) 46%

$

$

$

Contractor 19%

$

$

$

Real Estate 17%

$

$

$

Interest 4%

$

$

$

Business Ventures 14%

$

$

$

Total Income 100%

$

$

ASSET ALLOCATION RECOMMENDATIONS

The following table compares your asset allocation to the benchmark allocation. Column 2 shows the benchmark recommended percentages for each asset class, and Column 3 shows the same recommendation as a dollar amount based on your total assets. Column 4 shows your current allocation in each asset class. Column 5 displays the difference between your allocated funds to each asset class and the benchmark amount.

Total Current Assets: $

Asset Classes Asset Allocation Benchmark Amount Actual Responses Difference
Cash 12%

$

$

$

Securities 48%

$

$

$

Real Estate 26%

$

$

$

Business Ventures 14%

$

$

$

Total Assets 100%

$

$

CREDIT CARD RECOMMENDATIONS

RECOMMENDED UTILIZATION RATES

The amount in the Difference column below is how much you need to pay down your unsecured debt to achieve a benchmark credit card utilization rate of 27%. Below, you will see a recommended monthly payment and the projected amount of time it will take to get there (considering you follow the recommendation and don’t make additional charges to the card.)

Total Credit Card Balance: $

Current Utilization Benchmark Utilization Benchmark Balance Current Balance Amount to Pay Down Month to Pay Down

%

 27%

$

$

$

RECOMMENDED NUMBER OF CREDIT CARDS

Current Recommended Difference
7

RECOMMENDED CREDIT FICO SCORE

Current Recommended Difference
720

PERCENTAGE BUDGETING RECOMMENDATIONS 

The following is a table generated from your responses on the financial plan. Column 2 shows you the recommended benchmark percentages for each category, and Column 3 calculates the benchmark amount following that percentage. Column 4 reflects your responses, and Column 5 displays the difference between your current response and the recommended numbers.

Total Monthly Expenses: $

Categories Recommended Percentage Recommended Expense Current Expense Current Difference
Housing 31%

$

$

$

Transportation 11%

$

$

$

Meals 13%

$

$

$

Entertainment 6%

$

$

$

Insurance 9%

$

$

$

Utilities 4%

$

$

$

Healthcare 3%

$

$

$

Student Loans 6%

$

$

$

Total Monthly Expenses 83%

$

$

$

Total Disposable Income 17%

$

$

Your Total Disposable Income is equal to your total monthly income minus your household expenses. The recommendations suggest 83% of your monthly income go toward expenses, and the leftover 17% is allocated into different asset classes.

You will discuss these recommendations with your financial advisor.

CASH RESERVES RECOMMENDATIONS

There are 2 methods that can be used for calculating benchmark cash reserves. One method is twelve months of expenses. Another method is one year’s salary. Depending on your current numbers, those benchmarks might look completely different. Below you’ll see both models for benchmark cash reserves. You will discuss both of these figures in your one-on-one meeting with your financial advisor.

12 Months of Expenses as Cash Reserves (Method 1)

Total Cash Reserves: $

Recommended Cash Reserves Current Cash Reserves Difference Cash Reserves

$

$

$

12 Months of Income as Cash Reserves (Method 2)

Recommended Cash Reserves Current Cash Reserves  Difference Cash Reserves

$

$

$

WHAT’S NEXT

Now that you have generated these results, you and your financial advisor have the same figures for reference during your one-on-one meeting. You also have an understanding of each of these figures, and you won’t have to spend time making these calculations during the meeting. If you need to review a financial principle or topic in these results, you can find the corresponding lesson in the Program Online Course.

You will be emailed a PDF of these personalized results, or you can click here to download the PDF.

Please keep a copy for your records. You will continually update this financial plan form as your numbers change';

PUT YOUR RESULTS TO USE!

If you haven’t enrolled in a Program yet, you just completed the most difficult step! This financial plan form is a foundational document that helps you build a personalized financial agenda with your own financial advisor as part of the Program. Our programs include:

All programs include:

  • A full educational course to understand finances & make smart decisions
  • Ongoing personalized financial planning with your financial advisor
  • Investment portfolio setup, management, & monitoring
  • A financial plan with a clear net worth goal in mind