FP
Investment Planning Proposal (Kathy).doc

Fixed amount every month that way you can reduce the

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fixed amount every month that way you can reduce the payments and save interest in the long run. Since we don’t have an unlimited pool of money I will suggest to continue paying your student loan at the minimum payment and then as soon as you pay your credit card, start doing the same thing with the student loan payment. Instead of paying the minimum payment start paying a little more, it does not matter how much it is. At the long run you will save more money on interest if you do this. We need to put in consideration that you have other things that needs to be paid. Saying this Kathy, you need to learn more about mutual funds, bonds and stocks. You can decide which one you want to go with and start dividing all your investment money between multiple organization or type of investments. This will reduce the risk of losing everything and will provide you more variety in your portfolio. This is an exiting time and if you can manage to reserve that money for investment you and your kids will not forget about it at the long run.
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4 References Khan Academy Videos provided by Professor Thomas Keeling.  J. Kapoor, Les Dlabay, R. J. Hughes. M Hart, Ebook Focus on Personal Finance, Fifth  edition 2016 by MC Graw Hill Education  iGrad Information provided by University of Phoenix. 
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  • Fall '17
  • CLIFF MERCHANT

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