Business
In this weeks episode, Matt continues the foundational series with an introduction to our ‘financial position’. He then goes on to explain why knowing our financial position is so important if we’re planning for our financial future, and how to do a back-of-the-napkin calculation to determine our financial position at any point in time. Next, Matt introduces us all to the Millennial Map, a roadmap for us millennials to plot our current financial position and help see our financial path more clearly. From the Debt Reducer, through the Savings Planner and Effective Money Executive to the Astute Investor, we can all very likely see ourselves in one of these four categories right now. Finally, Matt wraps up the episode with a good ole’ example, bringing our fictitious characters from last week, James & Mia, back for another appearance. This time, we calculate their financial positions and plot them within one of the four quartiles of the Millennial Map. Enjoy!