HapiMoney

For the last few months, I’ve been hard at work on a comprehensive system for determining what to do with your money. I’ve spoken with financial advisors, friends and family, working to establish the easiest and most effective way to give you a personalized financial report.

And now, it’s ready for an alpha release. As such, I present to you, HapiMoney.

How it’s set up

There are 4 main sections: Basic Info, Budgeting, Balance Sheet, and the Risk Questionaire.

Basic Info: The shortest section, but still very important; just fill in your email, age and when you want to retire. The longer you’ve got until retirement, the better off you are.

Budgeting: Your monthly income and monthly expenses. Using these variables, we can determine the amount you’ll need to retire, how much free cash you’ll generate (for investing purposes), and how much cash you should keep on hand for an emergency fund.

Balance Sheet: This tells us what you own and what you owe. From this information, we can determine which of your debts to pay off and the required rate of return for you to reach your goals.

Risk Questionaire: How risk averse are you? By taking this academically developed survey, we can determine how much of your investable income should be allocated towards risky investments like stocks or towards less risky assets like fixed income.

Your Personalized Report

Given your responses to the 4 main sections, we can give you a step by step analysis of what to do with your money: how much cash to keep on hand and where to put it, give you recommendations on a brokerage account along with some ETFs to buy (and how much), and finally tell you whether you can achieve your retirement goals.

So give it a try, and let me know if you found it helpful. Email me at alex@hapimoney.com. I’d love to hear what you like and what you dislike (and if you find any bugs)!