FastPath is a financial independence calculator composed of individual goal setting modules or "blocks". Each block helps you create goals such as home/car purchases, debt repayment, and retirement living needs. After you set goals and enter other details into the individual building blocks, the FastPath optimization then becomes available. Run the optimization and watch the program create a detailed payment timeline of your given goals.
Once your payment timeline is created, you will be able to access the combined annual payment schedule. The payment schedule is then broken into separate goals and detailed by each month. The schedule also contains dollar amounts needed for savings and contributions, with built in calculations on investment earnings and taxes too. A great feature of the FastPath is the ability to add increased savings and see the effects on reaching your set goals. It may be surprising to find out the benefits of adding a few extra dollars a month, to a dedicated savings and investment account, will allow you to achieve financial independence sooner than expected!
It should take around 15 minutes for you to complete the Blocks and get detailed analysis from the FastPath app. If you have any questions feel free to reach out to us by phone or email.
While you are in the Blocks section check out other great Blocks. We also recommend using the Basic Retirement Forecast and any of the Yodlee Aggregation blocks that allow you to link your bank, credit card, and other accounts. Yodlee will then give analysis on your budget, spending, and current investments!
Use the FastPath App in a few easy steps:
- Click the Get Started link below
- Sign up for a Money Guide account
- Log in and locate "My Blocks"
- Scroll down and find the group of Blocks titled "Financial Freedom - Take Control of Your Financial Life"
- Complete at least 2 Blocks and then run the FastPath optimization