Investing
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.
Financial Independence
A step-by-step guide to ensure that you plan for financial independence in a tough economy.
Financial Planning
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
Investing
(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.
Financial Independence
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.
AI financial advisor
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
Real Estate
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.
AI financial advisor
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.
Financial Independence
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.
Investing
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.
AI financial advisor
Liquid net worth refers to all your assets that are readily convertible to cash minus debt and liabilities such as loans.
financial literacy
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.