Wealth Wallet

Sail through life. It’s Wealth, sorted.

Regardless of where you are financially today, how you deal with your future cashflow will determine where you are financially tomorrow. Cashflow is the breeze that takes us from where we are NOW, to WHERE we will be tomorrow. It’s literally HOW we will get there.

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Two people tending a growing plant that bears dollar coins, one holding a coin and one watering it

Why?

Why Wealth Wallet? What’s the difference between budgeting and Wealth Wallet’s cashflow plan?

OLD = Budgets

Budgets don’t work because they are based on how computers add up, not how humans behave. Budgets focus on what sacrifices need to be made, and which past decisions you need to “undo”.

The wrong granular detail (haircuts and coffee), probably picked by your bank, to deliberately increase detail.

This makes you feel like you’re getting a heap of value – lots of detail, possibly for “free” – when all it really does is consume time and distract you from what really matters: the strategy.

You won’t get

  • Lots of data that doesn’t make sense or add value to your life
  • Hours of extra work

NEW = Cashflow Plan

A cashflow plan works because it is focused on simply balancing the allocation of future cashflow. It is focused on where you are heading, not where you have been, so your future decisions don’t need to be “undone”.

How the major numbers are tracking. The key is to look at the numbers that matter in a relative sense, compared to what they should be to reach your goals.

You will get

  • Understand the relative spending balance needed to achieve your goals
  • Know exactly how your cashflow is being allocated – ideal to actual
  • See the effect of your decisions in real time, allowing you to naturally adjust future decisions
  • Simple but powerful summary report in real time to tell you exactly how you’re travelling
  • Detailed reporting levels down to every dollar for when you need to deep dive
  • Accurate, intuitive transaction linking, so you don’t have to spend hours to get quality reporting

What

Wealth Wallet is a program that arranges your finances in detail but, more importantly, in a way that actually helps you stay on track. It’s management accounting for humans. Wealth Wallet is an online service that guides you in understanding where you are NOW, WHERE you’d like to get to, and then shows you HOW to get there. The HOW is utilising your cashflow in the right way. Wealth Wallet not only keeps track of all of this by pulling together your finances and displaying your data in reports that make sense to you, but also helps you set up the best financial systems for you.

Diagram: a life balance sheet for your NOW position and another for your WHERE goal, each split into human capital, to live and tomorrow. An arrow marked HOW connects them, showing the cashflow you allocate across today, to live and tomorrow.

The Process

How to use Wealth Wallet to give you the information you really need.

  1. 1

    Set your NOW

    Enter your current important assets, and link your bank accounts and investments.

  2. 2

    Set your WHERE

    Take the 5 minute “What matters” questionnaire.

  3. 3

    Review your data

    Once transactions are loaded, check and adjust any transaction categories and set relevant rules.

  4. 4

    Update your new WHERE periodically

    Simply revisit the 5 minute “What matters” questionnaire to reset.

Your Reports

Your Cashflow Plan Report

Cashflow plan report pyramid: human capital at the top feeding a working bank account, then to live, today and tomorrow

Your Balance Sheet Report

Life balance sheet report pyramid: human capital above a to live column of what you like, owe and own, beside a tomorrow column

Price

Wealth Wallet

AUD 49 /mth

  • A complete and true picture of your personal finances
  • Goal setting and tracking
  • Cashflow and net wealth tracking
  • Automatic alerts
  • Unprecedented and comprehensive reporting, including a suite of personalised reports
  • Document upload and storage
  • Advanced budgeting functionality

Coming Soon

Access Your Wealth Wallet

Online

Coming soon.

Apps

Android app (opens in a new tab)

Coming soon to iOS.

Get In Touch

Reach us

PO Box 3406
Weston Creek ACT 2611