Question- I need help with analyzing Case 2 from the perspective of Gord's present situation using financial tools. As part of the analysis, we need to advise Gord on the best next steps, given his circumstances. Then, briefly describe a plan of action for carrying out the suggestion.
Case! As Gord drove home on Christmas Eve, he thought about how his retirement had gone this fall and what might happen over the winter, spring, and summer. The possibilities were growing, and he would soon have on make a rm choice. He wanted to help his friends, family, and community, but he also wanted to enjoy his retirement and do the things he had been looking forward to. Gord had been a local police officer for 30 years before he retired in the spring of 2020. He had just finished clearing the snow from the Church parking lot before the Candlelight Service, which was happening in a few hours. He looked at his youngest child, who was one of three who had helped him this evening. Sarah was back from her seoond year of college, which she spent away from home. With the pandemic still going on, It wasn't clear if people would be able to go back to school in the new year. However, it's better to be ready for anything. At Christmas, it was nice to have all three of the \"girls\" home. Gord planned to retire when his daughter graduated from high school, so the timing was good, but there were still some questions for the New Year. Gord had no trouble finding work In the summer, he went to his family's cottage in Muskoka, which was three hours northeast of his home in Waterloo. There, he was in high demand. For the oonstruction jobs they were doing, many of the contractors who worked in cottage country needed painters for the summer. The weather made it hard to paint outside, but even if the day wasn't good for painting, it was often had at his cottage. Still, there was work every day from early May until late October. But the summer work stops when the lakes freeze up in the fall, which usually happens in early December. After Thanksgian in October, there weren't many jobs, so Gord would go back to his home in Waterloo. Now Gord was wondering what would happen to him this winter. A lot of people wanted him to paint their houses, and when it snowed, some of those same people and others also wanted Gord to clear their driveways and sidewalks. In addition to this work, Gord helped some seniors, other retirees, and busy professionals in his neighborhood with odd jobs that needed to be done around their homes. "They should call Gord\" if they had a problem. Helping some single seniors from the church and oommunity was where he got the idea for his business. If a job got too hard for Gord to handle, he knew some retired plumbers and electricians who could help. Rarely were these jobs worth more than $50 plus any materials. Jobs that needed more professional help were billed and paid to the professionals directly. it was hard to plan how often and how hard the handy work would be, and Gord thought that he made between $500 and $750 plus materials in the last year
