
Hello
We believe that to build wealth effectively, you need a clear, complete picture of your financial life. Juggling multiple accounts—from checking and savings to credit cards and investments—can make it challenging to see how you're truly progressing. What if you could bring it all together in one simple, powerful dashboard?
That's why we're so excited to introduce you to Empower (formerly known as Personal Capital), a tool that we believe is a game-changer for anyone serious about tracking their net worth and planning for the future.
What is Empower?
Empower is a comprehensive financial platform that combines free financial tracking tools with optional paid advisory services. It allows you to link all your financial accounts in one place, giving you a real-time, 360-degree view of your finances. We think of it as your financial command center that helps you track your progress, analyze your investments, and plan for your biggest goals.
We're excited about how Empower provides institutional-quality tools to individual investors for free.
Here are a few of the standout features that can help you succeed:
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Net Worth Tracker: This is the heart of the platform. By linking your accounts, you can see your total assets and liabilities update automatically, giving you an accurate, up-to-the-minute calculation of your net worth.
Retirement Planner: Empower's retirement calculator is one of the best available. It uses your actual financial data to run simulations and show you if you're on track to meet your retirement goals. We find this tool incredibly motivating and empowering.
Investment Checkup: The platform analyzes your investment portfolio, highlighting its asset allocation and identifying opportunities to reduce fees. It helps you understand if your investments are properly diversified.
Budgeting and Cash Flow: You can track your income and spending by category, helping you understand where your money is going so you can make more intentional decisions about your financial future.
How to Integrate Empower into Your Strategy
We're optimistic that Empower can become an essential part of your financial routine. It's all about using the data to make smarter, more informed choices that move you closer to your goals.
Here's some actionable advice to get you started on your journey:
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Link All Your Accounts: To get the most out of the platform, take the time to connect all your financial accounts. The more complete the picture, the more valuable the insights will be for your success.
Schedule a Weekly Check-in: We encourage you to set aside 15 minutes each week to review your dashboard. Check on your net worth, review your spending, and see how your investments are performing. This simple habit will keep you connected to your financial goals and motivated to continue.
Use the Retirement Planner: Spend some time with the retirement planner. Play with the variables to see how increasing your savings rate or changing your retirement age could impact your future. We believe this can be a powerful catalyst for positive action.
By harnessing a tool like Empower, you can move from guessing about your finances to knowing exactly where you stand. It provides the clarity and confidence you need to build a stronger, more secure financial future.
If you're ready to get a complete view of your financial life and take control of your wealth-building journey, we encourage you to explore everything Empower has to offer.
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