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You are planning for your financial retirement. You expect that you need at least USD 250,000 to retire to create an endowment fund and live
You are planning for your financial retirement. You expect that you need at least USD 250,000 to retire to create an endowment fund and live on the income from endowment. You expect to retire at USD 1,250 'pension' per month after retirement based on the targeted endowment fund. You are currently 45 years old and have only 15 years to work on the targeted retirement fund. Average income from investment is currently at 6% per annum. You felt that the above retirement program may be very hard to achieve as your monthly income is not sufficient to contribute the required monthly investment installment. So you are going for a creative approach in generating the retirement fund using the business and entrepreneurship approach. The approach is as follow: a. To identify a product and business opportunity b. To start a pilot business operation using the cheapest and simplest form c. To magnify business volume d. To magnify wealth using the Market earning multiple approach e. To target corporate listing within the next 510 years f. To guestimate the target value of wealth that can be generated within the next 15 years. Show you spread sheet analysis If you use time value of money in the opportunity analysis, will this approach still stand viable? You are planning for your financial retirement. You expect that you need at least USD 250,000 to retire to create an endowment fund and live on the income from endowment. You expect to retire at USD 1,250 'pension' per month after retirement based on the targeted endowment fund. You are currently 45 years old and have only 15 years to work on the targeted retirement fund. Average income from investment is currently at 6% per annum. You felt that the above retirement program may be very hard to achieve as your monthly income is not sufficient to contribute the required monthly investment installment. So you are going for a creative approach in generating the retirement fund using the business and entrepreneurship approach. The approach is as follow: a. To identify a product and business opportunity b. To start a pilot business operation using the cheapest and simplest form c. To magnify business volume d. To magnify wealth using the Market earning multiple approach e. To target corporate listing within the next 510 years f. To guestimate the target value of wealth that can be generated within the next 15 years. Show you spread sheet analysis If you use time value of money in the opportunity analysis, will this approach still stand viable
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