Personal exertion Income, where does it go. It is required to fulfill our every material need from our parents requiring an income, when we were babies, to when we go off into the big wide world as young adults fending for ourselves.

Then of course you bring your own children into the world and then an Income becomes very important as it is required to rear your own children and the cycle goes on, into retirement. The source of the income will change to one of being self funded in retirement or a combination of both, with support from the federal government through the many different pensions available. The third one being totally dependent on federal government pensions in your retiring years.

Australians insure assets but statistics show that we do not give credit to insuring our ability to earn an Income, yet it is required to ascertain the assets that we do insure like cars and homes. The relevance here is many people rich and poor do not manage income well. The very source for which we all rely to survive and prosper in this material western world is often taken for granted. With twenty to thirty years of credit boom we are a culture of spenders and do not pay enough attention to saving or being prudent with our surplus funds. One reason for this, is people have little time to dedicate to managing the household bills let alone the future path of where the families wealth is headed.   

Over a persons working career, much of ones income is not managed very well nor given the attention it deserves with respect to managing it efficiently. Australians have a very big problem with not having enough disposable income to last more than a month or so. People do not pay attention to where all of their income goes and you might be one of these but it is hard, to discover your after tax financial position for you and your partner. 

New Prosperity has been purpose built to empower you to understand your total family’s finances, from many different aspects. All reports articulate client partner and joint ownership.

• After taxposition
• Summarised reports for Assets & Liabilities
• Summarised reports for expenditure
• Summarised reports for your gross taxable income
• Mortgage manager feature to discover how best to manage all your personal debt
• Bill reminder feature to keep on top of expenditure habits
• Budget feature where you can look at expenditure in table and chart format

All reports and screens are very user friendly and easy to read. We have taken all of the complex accounting terminology out of the figures.

By subscribing to New Prosperity you will get a very comfortable feel of where you are headed financially, being empowered to investigate the impact of all financial decisions for your home before you commit to any such decision. Pressure testing your household surplus, before a financial commitment, is made. Making financial decisions in this manner allows you to be more informed about the long term risk to your families wealth. 

Plus many more ways to become familiar with your family finances and ability to create wealth no matter what Social standing you are a part of. 

SCENARIOS:
Once your information is set up in New Prosperity, you can run scenarios and discover the impact on your Household cashflow, with respect to any personal proposed financial decision.
New Prosperity is based on the current financial year so all your scenarios are looking at the post tax position and cashflow perspective in the current financial year. New Prosperity will forecast, your end of year financial position, for each scenario.