I’m looking for resources to help me develop what I call a “life finances plan and model”. I’m not talking specifically about a traditional investment strategy where a financial advisor introduces investment products to me, but something more fundamental and all encompassing of key life decisions and paths.
Whilst I know for some, the advice would simply be “earn as much money as you can, spend as little as you can, and invest wisely” I don’t want to take such an open ended approach, particularly on the “earn as much as possible” aspect . I want to approach it more from a point of view of “if this is the kind of (potentially modest) life I’m seeking, with some key life decisions along the way, what kind of income trajectory would I need in order to live within this (including some contingency)”.
In some ways I’m trying to develop a rough project plan and model for mine and my family’s life, and like any plan, I know it will change. But having some baseline is infinitely better than no baseline, and I believe in doing this exercise, it helps give some perspective and inform the relative importance of certain immediate decisions and options. It’s just that there are so many variables and it’s such a complex situation (life and it’s potential possibilities) to plan and map, which is why I’m exploring what resources, books, people, other sources, that can help me build and manage such a plan. There’s also the added complication that as an expat to HK, many of the considerations unique to living here are not anything I have examples from other role models (ie parents / elders) that I can draw on - what I did for education as a child in my home country is potentially irrelevant to the financial planning for raising my own children in hk, for example.
Anyone have any ideas or suggestions?