Assume that you are earning 15,000 OMR per year and currently you have very little saving.

You would like to

_ buy a new car within 5 years,

_ buy a home within 10 years,

_ make investments that will allow your wealth to grow over time, and

_ build a large amount of savings for retirement after 30 years.

You need to develop a financial plan for achieving these goals. You need to save enough money to make a down payment on the car and home and to obtain financing to cover the rest of the cost.

Your financing decisions will determine the type of car and home that you will purchase and the amount of funds you will left to make other investments so that you can build your wealth over time for retirement.