financial planning

These eight strategies show you how to reduce monthly expenses and keep more money in your pocket.

A recession is a broad slowdown in economic activity. Production drops, people spend less, and unemployment rises. Here are seven changes you can expect and how to protect your finances.

A pledged asset line is a credit facility that uses your investment portfolio as collateral. You pledge securities like stocks, bonds, and mutual funds to secure a line of credit, then borrow against that collateral as needed.

A step-by-step guide to ensure that you plan for financial independence in a tough economy.

Evaluate wealth management firms based on factors such as their fee structure and whether they operate as a fiduciary for their clients. Busy professionals who prefers to make their own decisions can consider an AI based financial planning tool such as Planwell

(IRR) is the return on an investment which takes into account the cash flows and time scale. It is the discount rate that makes the Net Present Value of all cash flows equal to zero.

FAANG employees have many advantages in achieving Financial independence but need to plan their goals, guard against lifestyle creep and invest wisely. A key priority for tech workers is managing their RSUs while ensuring asset diversification. 

Americans save just 3.5% of their income. 42% of Americans do not have any emergency savings. The Average Credit Card Debt in 2024 was $6329. 27% of Americans Use a Financial advisor. The Median Retirement savings is $87,000 for American Families 

Leverage in real estate is the act of borrowing money to buy property. Real estate leverage is a good strategy for building long term wealth but comes with higher risks in market downturns and lower cash flows due to mortgage expenses.

ChatGPT is a powerful AI tool for personal finance. However Planwell's fully personalized AI financial planner and advisor uses its own financial models to ensure accuracy and provides superior data visualization.

Chubby FIRE involves retiring with a net worth of $2.5M to $5M and enjoying a comfortable upper-middle class lifestyle. Maintain a healthy balance between enjoying a good lifestyle while ensuring disciplined saving and budgeting. 

The Boglehead investment approach emphasizes passive investing in low cost index funds, asset diversification, effective risk management and investing early and often for the long term.

Liquid net worth refers to all your assets that are readily convertible to cash minus debt and liabilities such as loans. 

If you want to know how to get started with FIRE and what it will take to achieve financial independence and retire early, we recommend these 5 books to help you along on your FIRE journey.

Financial affirmations are positive statements that encourage a mindset of optimism and help us manifest wealth. Affirmations can help us get from always being anxious about money towards creating and growing wealth.