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  • Basic Financial Planning Worksheet

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    gajini
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    This document outlines the individual's financial goals, income, expenses, and current corpus. The goals include retirement by 2046 with a target of 85 million, an MBA by 2024 with a target cost of 7.8 million, and purchasing a second home by 2029 for 8 million. Current monthly income is 215,000 from salary and 78,000 on average from side hustles. Expenses total 110,000 per month. The current corpus stands at 30.3 million invested across stocks, mutual funds, debt funds, gold bonds, and property. The plan is to make monthly SIPs of 18,000 with 5% step ups and pay off a 40 lakh education loan with 50,000 EMIs over

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    Basic worksheet

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    This document outlines the individual's financial goals, income, expenses, and current corpus. The goals include retirement by 2046 with a target of 85 million, an MBA by 2024 with a target cost of 7.8 million, and purchasing a second home by 2029 for 8 million. Current monthly income is 215,000 from salary and 78,000 on average from side hustles. Expenses total 110,000 per month. The current corpus stands at 30.3 million invested across stocks, mutual funds, debt funds, gold bonds, and property. The plan is to make monthly SIPs of 18,000 with 5% step ups and pay off a 40 lakh education loan with 50,000 EMIs over

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    2 views5 pages

    Basic Financial Planning Worksheet

    Uploaded by

    gajini
    This document outlines the individual's financial goals, income, expenses, and current corpus. The goals include retirement by 2046 with a target of 85 million, an MBA by 2024 with a target cost of 7.8 million, and purchasing a second home by 2029 for 8 million. Current monthly income is 215,000 from salary and 78,000 on average from side hustles. Expenses total 110,000 per month. The current corpus stands at 30.3 million invested across stocks, mutual funds, debt funds, gold bonds, and property. The plan is to make monthly SIPs of 18,000 with 5% step ups and pay off a 40 lakh education loan with 50,000 EMIs over

    Copyright:

    © All Rights Reserved
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    of 5

    THIS IS JUST A SKELETON BROAD FRAMEWORK; YOU CAN TRANSLATE THIS TOPSHEET INTO A MORE DETAILED YEARLY WORKSHEET F

    FINANCIAL GOALS
    BY WHEN YOU CORPUS ON
    CATEGORY GOAL WANT TO PRIORITY GOAL TARGET ACHIEVED
    ACHIEVE DAY
    RETIREMENT GOAL WEALTH CREATION Sep 2046 MEDIUM 85,000,000 11,000,000
    EDUCATION GOAL MBA AT INSEAD, SINGAPORE Mar 2024 HIGH 7,800,000 2,500,000
    LIFESTYLE GOAL VACATION Every 3 years MEDIUM 350,000 0
    HOUSING GOAL BUY SECOND HOME Dec 2029 LOW 8,000,000 0
    1. HIGHER STUDIES
    CHILD-RELATED GOALS
    2. MACBOOK AIR Oct 2023 HIGH 140,000 140,000
    1. BUYING A CAR
    OTHER GOALS 2. STARTING CAPITAL FOR
    LAUNCHING OWN BUSINESS
    DEBT REDUCTION GOAL PAYING OFF BUSINESS LOAN

    INCOME & EXPENSES


    CATEGORY INCOME TYPE AMOUNT
    SALARY MONTHLY Ongoing 215,000
    SIDE HUSTLE MONTHLY (AVERAGE) Ongoing 78,000
    PASSIVE DIVIDEND FROM STOCK Ongoing 12,000
    TOTAL 305,000
    CATEGORY EXPENSE TYPE AMOUNT
    HOUSEHOLD FOOD, RENT, TRANSPORT ETC. Ongoing 85,000
    OTHERS 25,000

    TOTAL 110,000

    CORPUS
    CATEGORY BALANCE AMOUNT
    FIXED INCOME PPF 215,000

    FIXED INCOME EPF 78,000

    FIXED INCOME DEBT MUTUAL FUND 2,000,000

    FIXED INCOME OTHERS 0

    EQUITY STOCKS 1,450,000

    EQUITY MUTUAL FUNDS & ETF 9,200,000

    OTHERS SOVEREIGN GOLD BONDS 120,000

    OTHERS PROPERTY 16,500,000


    AILED YEARLY WORKSHEET FOR BETTER CLARITY ON THE JOURNEY

    PLAN OF ACTION GOING FORWARD

    MONTHLY SIP OF 18,000 WITH 5% STEP UP


    EDUCATION LOAN OF 40,00,000 (EMI OF 50,000 OVER 8 YEARS)
    KEEP 50% OF ANNUAL BONUS ASIDE IN MULTI-ASSET FUND
    MONTHLY SIP OF 20,000
    SIP CALCULATOR

    NUMBER OF YEARS 10

    MONTHLY SIP AMOUNT ₹ 10,000

    ANNUALIZED RATE OF RETURN 12.0%

    FINAL CORPUS ₹ 2,358,547

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