Financial

Health & Happiness (SWB)

The strategic modeling tool described below is a continuation of research initiated in 2005 by 3 seasoned, prospective retirees who sought to develop a web-based tool out of an interest to acquire an unvarnished view of personal finance. They saw the need to invent a work of art to address the question - "(when) can I retire"? A benefit of knowing one's strategic financial picture is to avoid being constantly hounded with personal finance questions & piecemeal non-contextual advice of which there is plenty.

The authors since have gone on to focus on other more interesting aspects of their respective lives. What they have discovered has not only validated & bolstered the original model but also widened the model breadth to incorporate health & subjective well-being (SWB a.k.a. happiness). Currently, the tool helps one evaluate whether their "stool has 3 sturdy legs" of personal finance, health, and SWB. A financial plan without consideration of health & SWB is incomplete. Data research shows a significant financial cost associated with poor scoring or trending of either health or SWB.

These questions are on the minds of many today:

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FinancialMedic created a system to give middle America access to a comprehensive projection tool that provides a fully integrated view of your financial future, inclusive of domains: Investments, Real Estate, Health, Taxes, Insurance, Income & Expenses, Debt, Social Security/Pensions. Projections are necessarily probabilistic, especially when you consider health & mortality. Like weather reports, projections have obvious limitations yet provide a helpful baseline and direction.

So where were the investment houses, Federal Reserve, media pundits, economists, certified financial planners, regulatory agencies, etc. at the time!? Same question with the lead up to the tech crash in 2000. Millions of Americans may have been doing the "right thing" by saving & managing their 401Ks, IRAs, aka Investments - but that has done little to save a generation from disaster!

As an example, the authors perceived risk in 2005 with respect to real estate markets & related mortgage offerings. Authors' initial R&D product focus was in Real Estate & Debt, the goal to build a balance sheet projection of 'R.E. - Debt' such that each author was able make appropriate personal decision(s). The payoff was to avoid the devastating consequences of the Financial Crisis.

Authors' published works of art

Model Architecture

Debt Architecture