Many people mainly look at what comes in and what goes out every month. That is usablebut those who really go for the long term will soon see that the real course is determined by you net assets. Knowing your numbers gives you peace of mind and allows you to make better choices at important moments in your life.
From data to doing
Insight is only truly worth its weight in gold if it helps you make decisions. During your financial journey you will encounter dilemmas for which there is no standard answer. It is these “what if” scenarios that determine what your assets will look like in ten years:
● Rent or buy: In this market, is it smarter to continue renting and invest the difference, or is purchasing a home the better long-term move from a financial perspective?
● Repay or invest: If you receive a windfall, such as a bonus or an inheritance, you have to choose: that nice extra mortgage repayment for lower monthly costs, or let the money work on the stock market?
● Real Estate or Portfolio: If you have already built up capital, you often wonder: do I buy a second property to rent out, or do I achieve a more stable return with diversified investing?
In the Netherlands, building wealth is very much related to the tax system. Choosing real estate or investing has direct consequences for the Box 3 tax. Real insight means that you not only look at the gross return, but understand what remains after tax deduction.
Technology as a guide
To calculate these scenarios without getting stuck in complex calculationssmart help is indispensable. At a time when financial data is worth a lot of money to advertisers, people increasingly want solutions that respect their privacy.
The app WHERE responds to this by offering asset insight and decision tools completely locally on your own phone. In addition to an overview of your tax position (Box 1, 2 and 3), the app contains specific calculation modules for the aforementioned dilemmas:
● Flat rate tool: Immediately compare the impact of paying off your mortgage versus saving or investing.
● Buying versus investing and renting versus buying: Gain clarity about the long-term effects of real estate choices versus the stock market.
Take control yourself
The goal of asset insight is not to check your balance every day starebut to see trends and check scenarios. By focusing on facts and using tools that respect your privacy, emotion disappears. This way you create space for a realistic and effective financial plan.
About the app
True offers users a platform to manually map their assets and tax position. The app works completely offline and can be downloaded for free iOS in Android. For advanced features such as the scenario tools (Buy vs Invest, Lump Sum) and extensive Box calculations, a Premium subscription is available for €4.99 per year (that’s less than one cup of coffee per year).
Disclaimer: The information provided and the calculations in the app are intended for learning and illustration. The app shares facts based on what the user enters and is not a substitute for professional, financial or tax advice.
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