Personal Property Value Speed in the AssetSPEED is calculated as the sum total of all projected annual growth for all personal properties, brought back to an hourly rate. The growth figure used to help calculate this value is the Projected Capital Growth (%) figure taken from what has been inputted within your Property Card entry, where the primary purpose is selected as Home or Personal Use.
In this video, we’ll show you how you can add a Personal Property Value Speed in Moorr.
Traditional Financial reporting tools are often static insights – Here are your income, expenses, liabilities and a sum of your assets. Whoop-de-do, they don’t really give you any clues on what is working for you or not, nor any clues on how to move forward.
As professional advisors in the financial, property and wealth creation space, it became strikingly clear to us that many households had limited insights into how their wealth and future retirement plans were tracking. This meant many were surprisingly disappointed, even shocked, when presented with their current forecasts or projections.
They simply weren’t aware or prepared for the potential forced change, having to adjust spending and lifestyle expectations because they didn’t build enough wealth to adequately replace their working incomes in time for retirement.
What’s even more concerning was, these were people who sought out professional help. In reality, the vast majority of Australians don’t seek help, so the size and challenge of this problem remains a significant and mainstream challenge.
From my team and I’s perspective, we couldn’t let this just happen on our watch. This presented us with a huge challenge that has transformed into a mission to help more Australians achieve financial independence.
Creating and building WealthSPEED® and WealthCLOCK® into the Moorr® platform is an essential part of that mission. For us, we are now driven on this mission to play a helping hand. These ‘Next Generation’ financial instruments are forward-looking and help you to see where you are at right now and the pathway ahead.