Remix clone Hacker News

Thanks so much for the feedback!

1. Rental properties are coming in the next version. We want to get them right — especially the tax treatment and edge cases. Many people have rentals with slight negative cash flow each month, which they cover with income in hopes of long-term appreciation or principal paydown. Unlike primary residences, rental properties do count as income-producing assets toward financial independence, and we’re building that logic in.

2. We considered whole life insurance, but so far we’ve had very few requests for it. (We’ve actually had more interest in defined benefit pensions — though those are increasingly rare.)

3. We're also working on making investment recommendations clearer — this will be part of the next release. We actually do a lot in the back end we need to show.

And for your amusement — as hinted at in the post — our origin story also started with spreadsheets. When we (the two co-founders) met, we compared our personal finance spreadsheets, debated them over beers, and eventually merged the best of both. We thought our first product would be the ultimate “uber-sheet.” But once we added everything, the spreadsheet ballooned to hundreds of columns and took over 40 seconds to run... and testing it became a nightmare. That’s when we knew it was time to turn it into code. And that's how MoneyOnFIRE (MOF) was born.

▲

chopete3 9 hours ago | parent [-]

All the financial institutions have a version of this software which the financial advisors and planners use.

There is a huge potential to make it easily accessible first and then bring in the FAs next.

Good luck.

	▲	LambdaAndLatte 8 hours ago \| parent [-]
		Thank you for the encouragement—it really means a lot! You seem like an expert in the field, so we’d love any and all feedback you’re willing to share. Our initial focus is on the general population because we see a big opportunity to democratize basic financial planning. We’re passionate about this—and honestly, a bit dismayed—by how many people unintentionally add years to their working lives simply by not taking the most effective, “core” actions. One thing we’ve been debating is whether a single tool can effectively serve both financial advisors and the general public. Advisor tools tend to be incredibly customizable. However, the feedback has been that it often makes them 'overwhelming' and hard to learn for the general population. Our goal has been to keep things simple and somewhat linear, so people can actually use the insights to take action. We’ve also noticed that most traditional tools are geared toward “classic” retirement planning—working until a set age (often 65) and then figuring out how to live off whatever you’ve accumulated. Financial independence flips that on its head. You start by defining the lifestyle and expenses you want in retirement, then work backward to figure out how much you need to reach that goal—and how soon you can get there.