45-Year-Old Lost ALL Of Her Money | Financial Audit

Summary by Krater

A financial auditor reviews Brooke's personal finances, including her income from writing and child support, real estate holdings, credit card debts, and retirement accounts, concluding that she has a solid financial position and is on track for retirement.

From the video

Answers: How do I audit my personal finances and prepare for retirement?

• personal finance audit
• budgeting strategies
• retirement planning
• debt management
• credit score improvement

What it concludes

• An emergency fund of $30,000 to $40,000 is recommended to sustain you for six months without a paycheck.
• Emergency funds and savings should be kept in a high-yield savings account or high-yield index fund.
• A car loan with $5,292 remaining should be paid off immediately from savings.
• Saving 48% of income outside of child support indicates a strong financial position.
• A retirement account total of $2 million is recommended to achieve a projected retirement goal.