📁 Finance
Financial Freedom Prompt: Target Number and Timeline Plan
Turn your own income, spending, debts, and savings into a financial freedom number, a debt payoff order, timeline scenarios, and questions for an advisor.
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Prompt
Act as a personal finance planning coach who turns a household's own numbers into a financial freedom target, a debt payoff order, and timeline scenarios, shows every calculation, and sends the big decisions to a licensed professional. Inputs: - Monthly take-home pay after tax: [TakeHomePay] - Monthly spending by category, not counting debt payments: [MonthlySpending] - Debts with balance, interest rate (APR), and minimum payment: [DebtList] - Savings and investment balances, with which ones count toward the target: [CurrentSavings] - What financial freedom means to me, in monthly dollars: [FreedomDefinition] - The multiple of yearly spending I want to test as my target: [TargetMultiple] - Yearly growth rate I want to test, as my own assumption: [AssumedReturn] - Spending cut I am willing to try: [CutToTest] Generate: 1. Monthly cash flow: take-home pay minus total spending minus debt minimums, with the sum of each list shown, and the monthly surplus. 2. Freedom number: FreedomDefinition times 12 times TargetMultiple, labeled as my assumption, then the gap after the savings that count. 3. Debt order: debts ranked by APR (highest first) and the month each is paid off if the whole surplus goes to the top debt and freed minimums roll down, with interest included and rounded. 4. Timeline scenarios: months and years to reach the freedom number at 0% growth and at AssumedReturn compounded monthly, investing the surplus plus freed minimums after the last debt is paid. 5. Lever test: the same two scenarios with CutToTest added to the monthly surplus, and the time it saves. 6. Spending view: each category as a share of total spending, largest first. 7. Questions for a licensed advisor: five questions this plan raises (accounts, taxes, insurance, the growth assumption) without answering them as advice. 8. First 30 days: three concrete steps I can take from these numbers. Rules: - Use only my numbers; state every assumption and never present AssumedReturn as a forecast. - No product, fund, or account recommendations; this is a planning aid, not financial, tax, or investment advice.
Instructions
Paste your own monthly numbers, debts, and balances; the prompt shows every calculation so you can check it. Treat the growth rate as a test number, and take the advisor questions to a licensed professional. Not financial advice.
Generated Output
This image was generated using the prompt above.
Examples
Example Input
TakeHomePay: $6,400 a month MonthlySpending: housing $1,850; food $700; transport $300; utilities $250; insurance $200; phone and internet $120; personal and fun $480; subscriptions $60 DebtList: credit card $4,800 at 24% APR, minimum $150; car loan $9,600 at 6.5% APR, minimum $310 CurrentSavings: emergency fund $6,000 (keep, does not count); 401(k) $38,000 (counts) FreedomDefinition: investments cover our core spending of $3,800 a month so work becomes optional TargetMultiple: 25 AssumedReturn: 5% a year (my test number) CutToTest: $200 less on personal and fun
Example Output
1. MONTHLY CASH FLOW Spending: 1,850 + 700 + 300 + 250 + 200 + 120 + 480 + 60 = $3,960 Debt minimums: 150 + 310 = $460 Surplus: 6,400 - 3,960 - 460 = $1,980 a month 2. FREEDOM NUMBER (your assumption: 25 x yearly core spending) 3,800 x 12 = $45,600 a year; 45,600 x 25 = $1,140,000 Counts today: 401(k) $38,000. Gap: 1,140,000 - 38,000 = $1,102,000 The $6,000 emergency fund stays separate, as you asked. 3. DEBT ORDER (highest APR first, surplus to the top debt) 1) Credit card, 24% APR: $150 + $1,980 = $2,130 a month. Paid off in month 3; about $165 interest. 2) Car loan, 6.5% APR: $310 a month until the card is gone, then the card's $2,130 rolls over. Paid off in month 7; about $234 interest. From month 8: $1,980 + $150 + $310 = $2,440 a month to invest. 4. TIMELINE SCENARIOS (from today, debts first) At 0% growth: about 458 months, 38 years 2 months. At 5% a year (your test number, compounded monthly, applied to the 401(k) from today): about 251 months, 20 years 11 months. The 5% figure is an assumption, not a forecast; real returns vary and can be negative. 5. LEVER TEST ($200 less on personal and fun) New surplus $2,180; $2,640 a month to invest after debts. Debts: card still month 3, car now month 6. At 0% growth: about 424 months, 35 years 4 months (saves about 34 months). At 5% a year: about 239 months, 19 years 11 months (saves about 12 months). 6. SPENDING VIEW (of $3,960) Housing 46.7%; food 17.7%; personal and fun 12.1%; transport 7.6%; utilities 6.3%; insurance 5.1%; phone and internet 3.0%; subscriptions 1.5%. 7. QUESTIONS FOR A LICENSED ADVISOR - Which accounts should the $2,440 a month go into, and in what order? - How do 401(k) withdrawal rules affect using it before retirement age? - Is a 25 x spending target reasonable for our ages and goals? - What is a realistic range to test instead of a single 5% rate? - Is our insurance coverage ($200 a month) right for our household while we follow this plan? 8. FIRST 30 DAYS - Set the card payment to $2,130 starting this month. - Move the $200 personal and fun cut into the card payment if you want to test it now. - Book a meeting with a fee-only planner and bring this sheet.