This project provides a tool to help you project your net worth growth over time. Using a Jupyter Notebook, you can model how your net worth evolves based on factors such as income, interest rates, and expenses. The notebook generates visualizations to help you plan and achieve specific financial goals such as becoming a millionaire or becoming financially independent.
Imagine someone with the following financial parameters:
- Starting Net Worth: $1,000
- Monthly Income (after taxes): $5,000
- Monthly Expenses: $4,000
- Annual Interest Rate on Savings/Investments: 10%
Using these parameters, the tool calculates how their net worth evolves over time. Here's a chart illustrating the growth of their net worth:
In this scenario, it would take approximately 22.9 years for the individual to achieve a net worth of $1 million. The visualization helps highlight the impact of consistent savings, investment returns, and time on reaching financial milestones.
- Open the Notebook:
Open theNet_Worth_Projector.ipynbfile in JupyterLab or Visual Studio Code with the Jupyter extension installed. - Set Your Parameters:
Set your starting net worth, monthly income, monthly expenses, expected interest rate, and financial goal directly in the notebook cells. - Run the Notebook:
Execute the cells in the notebook to calculate your net worth projection and generate a visualization based to your inputs. - Analyze the Results:
Review the generated chart and adjust parameters to understand how your financial decisions impact your net worth over time.
This project is licensed under the MIT License.