It is graduation day for Jen. The past four years have flown by. She is excited to move to Madison and start her career and knows she has come a long way from when she first moved to 906 E. College Street. Never could she have imagined back then that she would start a Roth IRA while in college, join an investment club, or be a small-time investor in a sushi restaurant. Jen is entering this next life stage debt-free, and she wants to follow that path as closely as she can.
A summary of the housemates’ goals can be found in the first Continuing Case problem in Chapter 1.
1. Without the support group of her housemates, what advice do you have for Jen to keep her financial plan foundation strong?
2. With the close of this course, what activities will you put into place to assure your personal financial plan foundation remains strong?
Continuing Case problem in Chapter 1
Throughout the text, the continuing case scenario at the end of each chapter will involve situations encountered by the housemates of 906 East College Street. All of the residents are either current students or recent graduates. Leigh, Blake, and Nicole are siblings. Their parents bought the home, which is close to campus, as an investment when Leigh started at the university her freshman year. The following profiles describe each of the housemates and their intermediate goals.
1. For each housemate, identify a SMART short-term goal that supports his or her success in achieving an intermediate goal.