The Wealthplicity Financial Independence Calculator is much more than a calculator. It is an interactive tool designed to do 3 things:
The Wealthplicity Financial Independence Calculator creates an ideal path to ultimate net worth for its users.
It is a Debt Calculator, Net Worth Calculator, Mortgage Calculator and Compounding Interest Calculator all rolled into one easy to use system and specifically tuned to the financial goals of the user.
Your financial future is not linear. And neither is our Financial Independence Calculator. It won’t just show you how long it will take you to pay off your debt, it will show you the most efficient way to use your money to achieve your goals while paying the least amount of debt interest possible.
And instead of just telling you to “add more money to your investments” to achieve greater Net-Worth, it will show you exactly what steps you need to take to maximize your Net Worth while you achieve your financial goals as efficiently as possible.
A Simple Debt Calculator will show you how long it will take you to pay off your current debt based on your balance, apr, and how much you pay monthly. It will also show how much time and interest you save if you add more to your principal payment.
But these are just snapshots in time, showing you how long it will take you to pay off your current debt. What other Debt Calculators won’t show you is how to continue to pay off future debt as efficiently as possible.
It would be great if we could purchase everything with cash, but that’s not the case. If you want to buy a house, purchase a car, go back to school, then you will most likely take on debt. The goal is to understand how to structure this future debt so you can pay it off as quickly as possible while paying the least amount of interest as possible and maximizing your future net worth.
This is exactly what our Financial Independence Calculator will show you. And in your Step-By-Step game plan, it will detail exactly how to accomplish it.
Sure, you can use our Financial Independence Calculator as a debt payoff calculator. But it’s much more than that.
A typical Compound Interest Calculator or a Rate of Return Calculator will show you exactly how much you would earn on an investment based on the current balance, monthly contributions, expected rate of return, and the amount of time.
A typical Savings Interest Calculator will show you the same.
You could certainly use our Financial Independence Calculator to calculate a simple rate of return on your investments, but again, our calculator is different.
The Rate of Return aspect of our calculator allows you to see how compounding interest on an investment portfolio impacts all facets of your financial timeline. It will not only show you the growth of your investments but will show you how it impacts your net worth by age.
As you grow your savings and investments, pay off your debt, and achieve your financial goals, the Financial Independence Calculator will show you exactly what your net worth by age will be.
It will also show you exactly how to accomplish your desired rate of return on your investments in your downloadable Action Game plan, available on your Results Page.
Most Retirement Calculators on the internet will ask you a few questions about your current situation, such as how much you have saved, and how much you are saving. They will then ask you how much you plan to spend in your retirement and what age you would like to retire. This is a simple calculation but it’s forgetting one thing; It’s not a straight shot to retirement.
For those of us who still have a while to go before retirement, we still have a bunch of financial goals we want to accomplish. We want to buy a house, travel, and live our lives to the fullest before we actually retire.
This is what the Wealthplicity Financial Independence Calculator can do. Our Retirement Calculator feature allows you to set your target retirement age and savings. Then our algorithms will optimize your path, allowing you to achieve your financial goals while plotting your net worth, investments and savings to be as high as possible at your retirement date.
Once you have decided on your optimal path, simply download your step-by-step, Action Game plan which will show you the exact steps to take in order to achieve your desired outcome.
Improving your net worth can be considered your ultimate financial goal. Having a great Net Worth means that you have much greater assets than debts. At the time of your retirement, you want to have the best net worth you can possibly have.
This is exactly what the Net Worth Calculator feature does for you. Instead of simply projecting a future calculation based on your current assets and liabilities, our Financial Independence calculator shows you your current projected and target net worth by age and how it changes as you achieve the financial goals on your timeline.
At any time during your experience, you can change the inputs of your financial situation and goals to see how it impacts your net worth.
Once you have decided on your target net worth, you can save your results and download your Step-by-Step Action Game plan which will show you the exact steps to take to achieve your target net worth.
Yes, on your results page you will see an icon that allows you to save a monthly budget. The budget is already pre-populated for you based upon your existing inputs but you can change the line items in order to carve out more disposable income. Once you find more disposable income, the system will automatically flow it through your financial timeline, applying it in the most efficient manner possible.
Yes. Once you get to your Results Page, you can continue to change the inputs on your financial situation and your goals in order to achieve your desired results.
You can edit the details in your Goal Recap section and the outcomes will change in real time.
You can also manipulate your desired Rate of Return, Debt Payments and Disposable Income in the Optimized Projection Section. The results will change in real time.
We also understand that situations change. That is why we have allowed you to create an account so you can come back and update your game plan anytime you want. Whether you got a raise, or decide you want to push back buying a home another year, simply pick up where you left off and create another financial timeline for yourself.