For this module's assignment, you will develop a business report for your new clients, John and Becky Warbucks, that gives an overview of the personal financial planning process. John is a school teacher, and Becky is a stay-at-home mom, and their household income is $60,000 yearly. The Warbucks have twin boys that are eight years old, Macie and Jacie. Here is a snapshot of the couple's financials:

• Mortgage balance - $175,000
• Market value of the house - $250,000
• Credit card balance - $2,500 on a credit card
• 2010 Honda Minivan - $7,500 (owned outright)
• 2011 Honda Civic - $8,000 (owned outright)
• Savings - $20,000
• Checking - $1,000
• No retirement savings
• Inheritance - $200,000
• Investments - $1,500 of Johnson & Johnson stock
• No life insurance

The report should give your prospective client enough information to understand the different steps involved in building a personal financial plan. The purpose of this document is to help your client understand the importance of having a personal financial plan. You have also agreed to create a high-level statement of net worth for the couple as well. Your report should include:

• A clear description of the steps involved in the personal financial planning process and what would be included in their plan
• A Statement of Net Worth

Be sure to write with audience-specific language and professional tone - written for the clients rather than financial professionals. Offer supporting evidence and include a reference list. Your report should be clearly organized and written in a business report format. A reference list, proper grammar, and punctuation are required.