Build Your Financial Picture
In order to figure out where you want to go with most things in life (including financial state-of-affairs), you need to know where you are currently, so that you can build a meaningful roadmap to go from where you are now, to where you want to be. WealthNav helps to make this easy. You can build up your current financial picture, then keep duplicating it and adding adjustments so you can easily see where you are currently and the affect of the changes you wanted to try on your current financial picture. Let’s get started with building up that financial Picture.
-
Let's Draw Your Financial Picture
-
Built it in WealthNav
What you’ll learn
-
Understanding where and how much money comes from and goes to is foundational for the later stages where we start leveraging different financial instruments for their strength.
-
Building your financial picture based on inflow and outflow of cash allows WealthNav to calculate what your Net Worth is now and in the future years.
-
This is where the power of WealthNav comes in. Now you get to move around sequencing of different things in your life and see how that affects your Net Worth now and in the future. Sometime investing 10,000 now versus over 30 years can make a difference of 270,000 in 30 years