Archive for March, 2015:
The Ultimate Personal Financial Planning Tool (Excel Model) for Simulating Debt Consolidation
If you need financial advice, are in great debt (credit card, bank loans, personal debt), my wife “Bokbok Ocampo” can help you.
She has an excellent financial model for testing your best debt reduction and debt exit strategy – increase income, reduce expenses, simplify lifestyle, sell assets to pay-off debt, extend your loan with lower interest from your lender to match your income with your reduced amortization, take a loan from a friendly bank with lower interest and longer repayment terms to pay-off your expensive credit card debt and bank loan, etc.
The spreadsheet will allow you to enter all your incomes, expenses, assets, debts, depreciation schedule, amortization schedule, to summarize your income & expense statement, estimate income tax, net income after tax, cash flow and balance sheet. It will show how you gradually increase income, reduce expenses, lower your outstanding balances, and have more cash flows which you could invest to augment your income and pay-off further your debts.
She can also present a retirement plan and a personal financial plan that includes mitigating risks from debilitating illness and premature demise. Don’t wait till your too old to do something to ensure a comfortable retirement, so you may serve our Divine Master longer and with greater service.
Tags: bank debt, bank loan, chartered financial planner, credit card debt, debt consolidation, debt reduction, debt restructuring, excel model, extend loan term, financial planning tool, how to get out of debt, insular life, life underwriter, lower interest, personal financial planning, veronilyn ocampo, vpo