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I'd love to see a little more flexibility in putting some kinds of numbers in, especially as someone not great with understanding financial data. For instance, I'm currently plugging numbers in about my mortgage. I know how much I currently pay per year in homeowner's insurance, but ProjectFi is asking me for the annual rate. I divided what I'm paying per year by the current estimated market value and got 0.3%... but I'm sure that's not accurate.
Earlier quoted context omitted.
Thanks for the feedback! I've thought about maybe creating a version which is wrapped up as an Electron app and runs natively and with no google analytics, etc. Does it sound like that might alleviate some of your concerns?
I guess I should also add that with the current web version, you can opt out of sending telemetry data via cookie preferences, and with the Premium version you choose whether or not you want your data persisted or not. (there is also a button to remove all your data at a later date if desired). Perhaps something else that might be helpful to add is an import/export button so you can save and load data locally(?)
Do you keep database backups?
Signed up! I'd love to see a little more flexibility in putting some kinds of numbers in, especially as someone not great with understanding financial data. For instance, I'm currently plugging numbers in about my mortgage. I know how much I currently pay per year in homeowner's insurance, but ProjectFi is asking me for the annual rate. I divided what I'm paying per year by the current estimated market value and got…
Beyond that feedback, I think this looks really interesting and would love to see where it goes.
I had wealth management review recently and they used a 3rd party piece of software that was doing something similar, their entire pitch revolved around this app.
What you really need to have is a demo setup so I can just play with the output without having to input any data.
Also concerned about sharing this much personal detail with a start-up so I would not use it unfortunately as it is (at least with real data)
I had trouble finding a good FI planning and simulation tool that could model things in enough detail to finally ditch my spreadsheets... so I built one. Would love it if any of you want to try it out. It does not involve linking any accounts and almost all the functionality is free. And if anyone wants to become a beta tester for the few premium features, you can use coupon code BETA-6001 for 60% off :) https://proj…
Having "choose your theme" as almost the first question felt very out of place. Like, someone is really proud of those themes, more than any other part of the site :) I'd just leave that out completely, the default theme is fine and you can change it from the menu anyway. Everything else was really slick, but I didn't understand any of the goals (not in the US).
(Also Delete is disabled on that debt, so I cannot go back and change that.)
EDIT: OK I started over and see that it specifies that Debt is "not associated with a specific asset."
Later Debt seems to become "Expenses" which is a little confusing. Not big complaints, just trying to make sense of it.
Similar confusion with the plan, where it asked for a payment amount for the mortgage, but then wanted it again as a payoff plan? This was even though I unchecked Pay Off As Soon As Possible? What's going on here? It's confusing.
Also it seems like excess salary is going into cash savings, not taxable investments OR tax-advantages accounts. That is severely limiting growth in the projections. <-- No I was partially wrong, it's just that it has my mortgage payment in twice as I mentioned previously due to the confusing wizard. So my expenses were way higher and the investment amount was reduced. But even removing that my "Cash" at the end of the period of income is massive; it should be putting "cash" into investments.
Earlier quoted context omitted.
I guess I should also add that with the current web version, you can opt out of sending telemetry data via cookie preferences, and with the Premium version you choose whether or not you want your data persisted or not. (there is also a button to remove all your data at a later date if desired). Perhaps something else that might be helpful to add is an import/export button so you can save and load data locally(?)
> (there is also a button to remove all your data at a later date if desired) Do you keep database backups?
Earlier quoted context omitted.
By doing all of the computation of user data clientside, and making all of the persistence in localstorage. It’s very doable, especially with small data. Unfortunately, you have to take projects’ words that they do this on good faith as an end user. You’d need to GET the app bundle, and then firewall the tab / disable your network interface to be certain that no data is leaking out. It’s not so easy to control this a…
> Maybe we’ll see some innovation in this space from browsers in the future, where an app can identify itself as local only and then be sandboxed by the browser. That would be a really cool 'HTML5' API — let the page do: document.addEventListener('DOMContentLoaded', () => { // some bootstrap document.goOffline(); }); Which could prompt the user — "this web page wants to disable its own internet access. Do you want to…
It seems like the "Stacked Financial Breakdown" chart actually _adds_ your level of debt on as just another stacked layer, as if it were an asset.
I don't think that makes much sense - with this representation, if next year I take on $1M of debt to buy $1M in assets, then my financial breakdown curve jumps by $2M.
Ideally you'd subtract off debt so that you could easily read off net worth from the chart, but that's not easily compatible with a stacked-chart representation (I don't know how you'd visually represent "negative stacks").
I'd suggest instead you just take debt off that chart, which would make you at least able to read off "total assets under management" from it.