Planwell Blog

When considering buying rental properties, calculate the net operating income, Return on Investment (ROI) and Internal Rate of Return (IRR). You should also compare the investment to the opportunity costs, such as stock returns.

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 Fat FIRE approach involves working very hard early in your career to save up a fat nest egg, retire early and enjoying a very affluent lifestyle in retirement.

The nominal interest rate is the interest rate that is stated on a loan or mortgage and has not been adjusted for inflation. In investing, the nominal rate is the return on an investment before adjusting for inflation, fees or taxes.  

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.

Lean FIRE is the variation of the Financial independence/ Retire early (FIRE) movement that involves extreme frugality and minimalism both before and during retirement.

House hacking is the act of generating income from your real estate property while living in it by renting out a part of the home you live in, or renting out units of a multi-family unit while living in one of them.

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.

The Coast FIRE approach focuses on saving aggressively early in your career and accumulating assets and then working on a job that is less stressful or something you are passionate about.

A person with a salary of $60,000 can be eligible for a home value between $180,000 and $262,000.

A person with a salary of $80,000 can be eligible for a home value between $233,000 and $340,000.

A person with a salary of $100,000 can be eligible for a home value between $288,000 and $420,000. The exact home value depends on your lifestyle, interest rates, credit scrore and down payment.

A person with a salary of $200,000 can be eligible for a home value between $550,000 and $800,000. However, it is important to understand your full financial situation before deciding how much house to buy.

While thinking about how much house you can afford, consider factors such as debt-to-income ratios, down payment, interest rates, property tax and your lifestyle and expenses.

Planwell is a fully automated AI financial planner and advisor that helps individuals and families make financial decisions that are hyper personalized to their goals and lifestyle.

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.

AI financial advice is cost effective & data driven. It can make personalized financial planning accessible to young adults, families and professionals.

Here is a step-by-step plan to get on track to retire early at age 55. Create a budget and boost savings and income. Control your retirement lifestyle and expenses. Invest consistently and manage risk

This is a step-by-step primer to help you plan finances for a new baby and determine whether you can afford a child—or even a second child. 

The college savings calculator will let you know exactly how much you need to save to be able to afford college. It will analyze the gap between where you are now, and where you need to be.

An AI Budget calculator uses automation, algorithms or machine learning to help optimize various aspects of your finances, such as budgeting, investing and financial planning.

These 5 books will teach you all you need to build financial literacy in all aspects of personal finance, including budgeting, saving and investing.

Discover the top 8 financial planning tips tailored to help young adults secure their future.

Here are 10 concrete steps to build a comprehensive financial plan.

FIRE is a financial movement that focuses on achieving financial independence through frugal living, aggressive saving and strategic investing.

Home affordability depends on Debt-to-Income ratios, down payment, budget, lifestyle and goals.

There are several lesser-known company benefits that can be super useful and help save a lot of money. 

Our first blog post highlights some very common money mistakes that are made by even the savviest people.