Goals allow you to track how close you are to achieving your Goals in your Scenario. Use them to see how close you are to hitting your ideal numbers.
Let's look at how easy it is to add a Goal to your Planner™.
Go To The Goals Page
Once you're logged in, navigate to the Goals page. Hover over or click “Calculator” on the menu across the top to expose the drop down menu. Click on Goals from the drop down menu.
Add New Goal
Type of Goal
Once you've added a new Goal to your Planner™, you will need to select what type of Goal it is.
Some Goals are simple measurements against a Scenario wide variable like net worth or cash flow. Other Goals are a little more sophisticated calculations.
Once you select the type of Goal, select which Scenarios you want to track this Goal for.
You can choose to track All Scenarios or a single specific Scenario.
What is your actual Goal number? That's what the Goal Target is for. Enter a number that defines your Goal Target.
And, if your Goal Target is a dollar amount, you will also be able to choose whether you want the Real Estate Financial Planner™ software to adjust your Goal Target for inflation automatically.
A million dollars today is not the same as a million dollars 40 years from now. If you check the box next to Inflation Adjusted, we will automatically adjust your goal back to today's dollars. That means you may need a lot more than a million dollars to hit your million dollar net worth Goal 10 years into the Scenario because we will adjust your net worth down using the inflated dollar worth.
Unlike Accounts and Properties which you need to add to the Scenarios you want them to be in from the Scenarios page, for Goals and Rules you select the Scenario (or All Scenarios) when you're configuring them. So, with Goals, you won't need to add it to the Scenario from the Scenarios page. The Goal will automatically work when you next run the Scenario.
Want to learn more about Goals? Consider these additional resources.
Adding To Scenarios
If you'd like more info on how to add other things like Accounts, Properties and Rules to your Scenarios, then look at these resources.