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Cashflownavigator Launches Powerful Online Tool to Measure and Manage Finances
A new model that redefines and simplifies the financial planning process for households
SIMPLE, ACTIONABLE, and FREE
BEDMINSTER, N.J., March 27, 2012 /PRNewswire/ -- Anyone looking for a simpler, more strategic approach to help build wealth and increase financial independence can benefit from a powerful - and free - new financial planning tool now available with the launch of http://www.cashflownavigator.com.
The brainchild of 30-year financial industry veteran Keith Whelan, and with Web2.0 and social networking capabilities designed by the web development and marketing team at Dotcomweavers, the Cashflownavigator website simplifies the financial planning process and makes it actionable by providing:
-- Simple rules in an e-booklet - Wealth is Good, Cash Flow is Better© -
to guide strategic financial planning decisions. The booklet redefines
the financial planning process, starting with the goal of financial
independence, a cash flow measure not a net worth one.
-- A single automated measurement tool - the 8020 Worksheet(TM) - to
measure and manage all of your finances. The tool:
-- Includes and clearly distinguishes net worth, cash flow, and budget
management data;
-- Prioritizes the data - and your financial opportunities - by
leveraging the "80/20" rule, allowing you to focus on the 20% of
financial items that determine 80% of your overall outcome;
-- Simplifies the data collection task by initially pre-populating your
8020 Worksheet(TM) with modeled profile data;
-- Allows you to select and achieve one high-impact goal at a time,
using a Goaltracker feature.
-- A social networking platform in which users can exchange information and
ideas about increasing net worth and cash flow in 21 specific
categories.
Measurement of your total finances - without disclosure of your personal information
Unlike other tools, the 8020 Worksheet(TM) does not require you to disclose any personal identification or sensitive financial account information. You begin, instead, by selecting one of 288 modeled U.S. household profiles similar to yours based on age, income and homeownership status. The spreadsheet then automatically pre-populates all data, which you can then modify to reflect your household's specific financial situation.
Member feedback forum promotes sharing of ideas
Another important part of the Cashflownavigator website is its community orientation. The site includes a blog and monthly e-newsletter, and it also features a dynamic user forum. The forum allows members to view comments and exchange information and ideas about increasing net worth and cash flow in 21 specific categories. Additional social resources will be added in upcoming months.
Cashflownavigator.com extends planning beyond net worth by focusing on cash flow as the path to financial independence which, after all, is the ultimate goal.
Filling an unmet need
"With Cashflownavigator, we're filling an unmet consumer need. There are many financial information resources available to household planners. Most are tactical, focusing on budgeting - managing small expenses. Some others focus on wealth, which is measured by net worth and a distant goal or target amount necessary for retirement. The information provided by these resources is often incomplete or complicated, and it can be overwhelming to people, especially when first beginning to plan. Cashflownavigator is easy and provides instant perspective and guidance. We have developed a truly complete financial planning tool that incorporates net worth and budget management data - plus a third element, cash flow, which is the key to financial independence. In fact, Cashflownavigator turns the financial planning process upside down by starting with the goal of financial independence. It's the only complete financial planning solution of its kind," explained Whelan, the site's founder.
For more information and to join the community and access the tools, go to http://www.cashflownavigator.com.
About Cashflownavigator
New Jersey-based Mpower Financial, LLC launched the www.cashflownavigator site in support of its mission to help empower individuals and families to successfully plan for and achieve financial independence. The concept grew out of Keith Whelan's 30 years of experience as an executive and educator in the financial services industry. He holds an MBA from Columbia University, has held executive positions in financial companies including Banco Popular and HSBC, and teaches at Rutgers University.
About Dotcomweavers
Dotcomweavers Inc. is a New Jersey-based web solutions company focusing on advancements in internet technology to provide attentive service and cutting edge web solutions; website development, website design, e-commerce and internet marketing (SEO).
SOURCE Cashflownavigator
Cashflownavigator
CONTACT: Cindy Karvelas, Cashflownavigator, +1-908-867-7569, cindyk@cashflownavigator.com; or Frederick Haywood, Dotcomweavers, +1-201-940-7377, fhaywood@dotcomweavers.com
Web Site: http://www.cashflownavigator.com
Cashflownavigator Launches Powerful Online Tool to Measure and Manage Finances
A new model that redefines and simplifies the financial planning process for households
SIMPLE, ACTIONABLE, and FREE
BEDMINSTER, N.J., March 27, 2012 /PRNewswire/ -- Anyone looking for a simpler, more strategic approach to help build wealth and increase financial independence can benefit from a powerful - and free - new financial planning tool now available with the launch of http://www.cashflownavigator.com.
The brainchild of 30-year financial industry veteran Keith Whelan, and with Web2.0 and social networking capabilities designed by the web development and marketing team at Dotcomweavers, the Cashflownavigator website simplifies the financial planning process and makes it actionable by providing:
-- Simple rules in an e-booklet - Wealth is Good, Cash Flow is Better© -
to guide strategic financial planning decisions. The booklet redefines
the financial planning process, starting with the goal of financial
independence, a cash flow measure not a net worth one.
-- A single automated measurement tool - the 8020 Worksheet(TM) - to
measure and manage all of your finances. The tool:
-- Includes and clearly distinguishes net worth, cash flow, and budget
management data;
-- Prioritizes the data - and your financial opportunities - by
leveraging the "80/20" rule, allowing you to focus on the 20% of
financial items that determine 80% of your overall outcome;
-- Simplifies the data collection task by initially pre-populating your
8020 Worksheet(TM) with modeled profile data;
-- Allows you to select and achieve one high-impact goal at a time,
using a Goaltracker feature.
-- A social networking platform in which users can exchange information and
ideas about increasing net worth and cash flow in 21 specific
categories.
Measurement of your total finances - without disclosure of your personal information
Unlike other tools, the 8020 Worksheet(TM) does not require you to disclose any personal identification or sensitive financial account information. You begin, instead, by selecting one of 288 modeled U.S. household profiles similar to yours based on age, income and homeownership status. The spreadsheet then automatically pre-populates all data, which you can then modify to reflect your household's specific financial situation.
Member feedback forum promotes sharing of ideas
Another important part of the Cashflownavigator website is its community orientation. The site includes a blog and monthly e-newsletter, and it also features a dynamic user forum. The forum allows members to view comments and exchange information and ideas about increasing net worth and cash flow in 21 specific categories. Additional social resources will be added in upcoming months.
Cashflownavigator.com extends planning beyond net worth by focusing on cash flow as the path to financial independence which, after all, is the ultimate goal.
Filling an unmet need
"With Cashflownavigator, we're filling an unmet consumer need. There are many financial information resources available to household planners. Most are tactical, focusing on budgeting - managing small expenses. Some others focus on wealth, which is measured by net worth and a distant goal or target amount necessary for retirement. The information provided by these resources is often incomplete or complicated, and it can be overwhelming to people, especially when first beginning to plan. Cashflownavigator is easy and provides instant perspective and guidance. We have developed a truly complete financial planning tool that incorporates net worth and budget management data - plus a third element, cash flow, which is the key to financial independence. In fact, Cashflownavigator turns the financial planning process upside down by starting with the goal of financial independence. It's the only complete financial planning solution of its kind," explained Whelan, the site's founder.
For more information and to join the community and access the tools, go to http://www.cashflownavigator.com.
About Cashflownavigator
New Jersey-based Mpower Financial, LLC launched the www.cashflownavigator site in support of its mission to help empower individuals and families to successfully plan for and achieve financial independence. The concept grew out of Keith Whelan's 30 years of experience as an executive and educator in the financial services industry. He holds an MBA from Columbia University, has held executive positions in financial companies including Banco Popular and HSBC, and teaches at Rutgers University.
About Dotcomweavers
Dotcomweavers Inc. is a New Jersey-based web solutions company focusing on advancements in internet technology to provide attentive service and cutting edge web solutions; website development, website design, e-commerce and internet marketing (SEO).
SOURCE Cashflownavigator
Cashflownavigator
CONTACT: Cindy Karvelas, Cashflownavigator, +1-908-867-7569, cindyk@cashflownavigator.com; or Frederick Haywood, Dotcomweavers, +1-201-940-7377, fhaywood@dotcomweavers.com
Web Site: http://www.cashflownavigator.com