Hey OP, really nice tool! I've been looking for something like this for quite some time now. As some other people suggested, I think it would be nice to be able to add custom investment types for different countries other than US.
Show HN: I made a simulator for personal finance and financial independence
151–160 of 166 posts
Re: Show HN: I made a simulator for personal finance and financial independence
#152Hey OP, really nice tool! I've been looking for something like this for quite some time now. As some other people suggested, I think it would be nice to be able to add custom investment types for different countries other than US.
Thanks! Are there some specific investment types you'd like to see? And/or perhaps a more general custom investment type with lots of configurable rules/controls? I'd also be curious what your thoughts are on how most things right now are bucketized into cash, taxable, tax-free growth, and tax-deferred. Would it be better to have users configure specific accounts and simulate everything separately at the account level? (trade-off there might be onboarding complexity)
Re: Show HN: I made a simulator for personal finance and financial independence
#153I wish there was a country specific pricing. I do not mind paying for this, but purchasing power (dis)parity makes it difficult.
Re: Show HN: I made a simulator for personal finance and financial independence
#154Re: Show HN: I made a simulator for personal finance and financial independence
#155I think there might be something wrong with the mortgage calculation? I have a 190k loan with 1.8% per year interest, and paying off around 10k a year. I expect to be debt-free in about 30 years.
But your (really cool btw.) tool tells me I'm debt-free in 3-4 years? Not sure how it comes to this conclusion. Maybe I did something wrong.
Re: Show HN: I made a simulator for personal finance and financial independence
#156Thank you for sharing that, I was able to reason about this tool in a straightforward way.
Re: Show HN: I made a simulator for personal finance and financial independence
#157I think there might be something wrong with the mortgage calculation? I have a 190k loan with 1.8% per year interest, and paying off around 10k a year. I expect to be debt-free in about 30 years. But your (really cool btw.) tool tells me I'm debt-free in 3-4 years? Not sure how it comes to this conclusion. Maybe I did something wrong.
Is it possible there's an auto-generated financial goal set to a high priority in your list which is trying to pay it off ASAP?
Re: Show HN: I made a simulator for personal finance and financial independence
#158I think there might be something wrong with the mortgage calculation? I have a 190k loan with 1.8% per year interest, and paying off around 10k a year. I expect to be debt-free in about 30 years. But your (really cool btw.) tool tells me I'm debt-free in 3-4 years? Not sure how it comes to this conclusion. Maybe I did something wrong.
Is it possible there's an auto-generated financial goal set to a high priority in your list which is trying to pay it off ASAP?
That is very possible. Thanks for the quick reply, I'll check. :)
Re: Show HN: I made a simulator for personal finance and financial independence
#159Very nice! One thing would be great to add - cash reserve. I.e. there's a goal to maximize loan payoffs, but I don't want to spend 100% of my cash for that. I want to keep cash reserve (usually recommended is 3 or 6 months of living expenses) - and the rest could be spent on debt payoffs.
Re: Show HN: I made a simulator for personal finance and financial independence
#160Very nice! One thing would be great to add - cash reserve. I.e. there's a goal to maximize loan payoffs, but I don't want to spend 100% of my cash for that. I want to keep cash reserve (usually recommended is 3 or 6 months of living expenses) - and the rest could be spent on debt payoffs.
That's sort of the intent of the emergency fund goal. If you put that as a higher priority, it will maintain that much in cash holdings.