Scribd Logo
Upload

Welcome to Scribd!

  • 24 views

    How Much Money Do We Need in Life by Ankur Warikoo

    Uploaded by

    Param shah

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd

    How Much Money Do We Need in Life by Ankur Warikoo

    Uploaded by

    Param shah
    24 views2 pages

    Original Title

    How much money do we need in life by Ankur Warikoo

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    24 views2 pages

    How Much Money Do We Need in Life by Ankur Warikoo

    Uploaded by

    Param shah

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    of 2
    by Ankur Warikoo 4 Why is it Imporcant to know the amount of money We need in life? — We will keep working for money if we don't Know the eack amount we need — Whatever we earn will be Less & we will keep earning & tunning behind money “Excel Sheet calculations — Step - Look at your evrrent expences Step2 — Make a future projection (as accurate as possible) for each Of those expenses Step3 — List down all your future expenses step 4 — Apply the unpredictibility factor +o these “Result - You will get a cach flow statement on the amount of Money you will need every year. Ls this will help you caleviate how much money you will need, how will you have to grow your money in order to fulfill all your needs & desires. eg) AW's expenses STEP | Yearly expenses (current) , sl growth projections * (considering inflation) Tr planned expenses (future) |, = expenses [made on procreate] -Fuere projections age You sheet for details you Will see these —> check the full excel at the Would need these ou rill need today to fulfil = but not the optimal ya corey plemed aerate expences” umber wacase you il invest cating return: money you actually need teday be invert F genetating Tetvine ving ane sek form z x zs ie in excel, make yout ending capital= 0 at I A a a A A amount of money you will need Ob x! age adjusted with your assumed growth —> Do tins anaiysis every year — you will see the changes in your expenses , desires & reacsess the Amount of ‘honey you actually need Step! - List all your current , planned & desirable expenses Step2 - Make future growth projections Step 3 - Adjust taxes, investment returns Step + - Apply the goal Seek formula to get to tne amount of money you actvally need —> To generate this amount - cide mustles, investments without spending Your time [made on procreate]

    You might also like