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Lifetime Earnings

Lifetime Earnings

How Much Will You Earn During Your Career?

Would it surprise you to learn that you may earn a million dollars or more over the course of your working career? Consider this. If you were to earn $75,000 now and plan to work for 20 more years, you could earn more than $2 million during your career, assuming an average annual raise of 3%. This calculator is designed to help you attach a dollar figure to your life’s work.

 

The figure below shows the total income you could earn from this point forward in your working career based on the information you provided. As you can see, you could earn a substantial amount of money over the course of your lifetime. When you look at the big picture and see how much money can pass through your hands over a lifetime, the need for sound financial management becomes clear.

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Your Results
Description Amount
Current annual income: $0
Expected percentage annual raises: 0%
Current age: 0
Expected retirement age: 0
Total lifetime earnings based on the above information: $0

The chart below shows how much you could expect to earn each year between now and retirement based on the information you provided. Try changing one or more variables to see how you could alter your lifetime earnings.

Year by Year Earnings



Net Worth

Net Worth

What Is Your Current Net Worth?

Determining your net worth can help you develop a clearer picture of your financial situation. One important tool is a balance sheet, which summarizes your assets and liabilities and reveals your net worth. This calculator was designed to help you get a handle on your current financial situation.

Assets:

(Indicate the present dollar value for the items you own.)

Assets:

(Indicate the present dollar value for the items you own.)

Liabilities:

(Indicate the dollar amount you still owe.)

Liabilities:

(Indicate the dollar amount you still owe.)

You may be surprised at how much or how little you have once you calculate the figures. If your net worth is less than you expected, don’t be discouraged. There are a number of steps we can help you take right away to begin building your net worth.

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Your Results
Description Amount
Your total assets: $0
Your total liabilities: $0
Your net worth: $0

Are your assets and liabilities divided up as you expected? For example, does your credit card debt account for more of your overall liabilities than you realized? The key to building net worth over time is to take action to reduce your liabilities and by employing the principles of sound financial management to help grow your assets.

Assets

Liabilities



Cash Flow Analysis

Cash Flow Analysis

What’s Your Cash Flow Situation?

Managing debt and maintaining your lifestyle over the long term is challenging. Without a reasonable budgeting plan, it is difficult to effectively manage spending. This Cash Flow Analysis form can help you compare your income to your expenses to determine your net cash flow.

Monthly Income:

Monthly Expenses:

Monthly Expenses:

Monthly Expenses:

Monthly Expenses:

Getting your cash flow under control is the first step toward effective financial management. Are you comfortable with your current cash flow? If not, you may need to take immediate action to control your spending.

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Your Results
Description Amount
Your total income is: $0
Your total expenses are: $0
Your cash flow is: $0

Your net cash flow is the amount of money left after paying all your bills. The
chart below shows how much cash you have left at the end of each month after meeting
your expenses, based on the amounts you entered. How much of your net cash flow
are you currently investing for the future?

Your Monthly Cash Flow