
๐ Modern financial planning tools to simplify your journey to financial independence. Get started for free at https://xitter.cf/t.co/PpsVb8aHYB ๐งโ๐ป Built by @_knolan
Joined July 2021
- Tweets58
- Following7
- Followers564
- Likes64
ProjectionLab retweeted
In 20 years, will you know where it all went?financialsamurai.com/projectโฆ
The most common money problem I see isn't overspending. It's the inability to properly forecast.
You can't picture what a $90,000 private school bill or a new car does to your net worth in 2046. So you YOLO, and two decades later you wonder where it all went.
Run it out instead. The car, the mansion you didn't need, the 401(k) you keep meaning to max out. Watch what each one does to your wealth over 40 years before you commit to any of it.
Forecasting doesn't predict the future. It shows you which decisions are worth changing.
ProjectionLab retweeted
Why has ProjectionLab quickly become one of the most popular early retirement planning tools? In today's episode, find out why Eric and Jason now consider this an essential part of their FIRE tool kit. @projection_lab
youtu.be/7q7zJSlYZAs
We just rolled out new ways to fine-tune and visualize your plansโfrom enhanced bond allocation controls to a fresh way to see your drawdowns over time.
We'd love to hear what you think!
One customer called the new drawdown previews โa visualization I didnโt know I needed!"
ProjectionLab retweeted
From Struggling To Living Well On $500K A Year: Escaping the Rat Race Faster financialsamurai.com/living-โฆ
Since starting Financial Samurai in 2009, Iโve met countless dual-income households earning multiple six figures who still feel like theyโre barely treading water.
The internet offers little sympathy for couples making $500,000 a year, but. However, with skyrocketing costs, grueling hours, and relentless stress, many of these high-income earners are burning out while feeling trapped in the rat race.ย
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Letโs dive into the story of my infamous $500K/year couple and use @projection_lab to explore how they can find a way out and regain hope for the future.
Introducing ProjectionLab for Employers โ affordable financial wellness benefits your team will love โค๏ธ
๐ฑ Reduce financial stress & boost focus
๐ Stand out with a unique benefit for hiring & retention
๐ฐ Pay only for employees who sign up!
Learn more: projectionlab.com/employers
๐๏ธ @_knolan joined @bradchoosefi this week on the @ChooseFi podcast!
Listen to the story behind ProjectionLab and how weโre helping people build a future they love. Check it out! ๐ง
๐ choosefi.com/projectionlab-kโฆ
ProjectionLab retweeted
As a corporate employee, I used to dread traveling for work... But not anymore! โ๏ธ
Just had a blast visiting @jonkuipers and Lindsey with @traveling_olive -- hiking, fishing, and strategizing about what's next for @projection_lab! ๐๏ธ ๐ฃ
Join @Mrs1500, @retirein1500, and @DanSheeks in helping the next generation on their path to financial independence. Support their journey to @togetherwefi ๐๏ธ๐ฅ
Are you in? ๐ Donate here:
gofundme.com/f/help-some-youโฆ
I have a group of young adults I'm helping get to Camp FI (@togetherwefi). Is anyone interested in helping sponsor these AMAZING people with me? DM me.
๐๏ธ Thanks @HowToMoneyPod for the shoutout in your recent episode!
Check out how they recommend using ProjectionLab to project future finances with variable income. ๐ธโจ
Listen here:
howtomoney.com/ask-htm-down-โฆ
ProjectionLab retweeted
Huge update!!! I just quit my job and I am going all-in on projectionlab.com! ๐ฅณ๐ฅ
2.5 years ago, I never would have dreamed this was possible.
From my first internet dollar to $200k+ ARR, there has been no hockey stick growth chart, no AI hype involved, and no singular catalyst.
Just a quarter decade of hard work and persistence, bootstrapping as a solo dev on nights and weekends and gradually building up to this point.
The jump to full-time is earlier than my own financial modeling in @projection_lab showed a stellar chance of success for... so for the worrier in me, this is a chilling step out over the abyss ๐ณ
But I have realized that even in the worst case, I would much rather fail pursuing a dream than let a promising business die on the vine and always wonder what might have been!
And I am extremely grateful for all of you whose encouragement has helped me build up the confidence to take this leap, e.g. @madfientist, @Shpigford, @hutchins, @mrmoneymustache, @arvidkahl, @dr, @MrNick_Buzz, @agazdecki, @dvassallo, @levelsio, @seanfgates, @markluck, @ptmoney, @WalletHacks, to name a few.
Looking back, it took me:
โ 14 months to reach 500 customers
โ 7 months to reach 1,000
โ 5 months to reach 1,500
โ 2 months to reach 2,000
โ 2 months to reach 2,500
Recently, my W2 was gracious enough to accommodate a part-time arrangement for a while. But it is abundantly clear that what PL really needs is my full and uninterrupted focus.
So with the past 2.5 years of risk mitigation, a year's expenses set aside per @dannypostma's suggestion, and current earnings level around 2.5x my personal annual spend... it is officially time to put the rest of my skin in the game!
I would never have gotten here without all the support and inspiration from my new friends in the financial independence community, the PL user base, and the @IndieHackers / #buildinpublic scene ๐ฅน
So thanks again to everyone, and here's to an exciting year ahead!
ProjectionLab retweeted
Well that was unexpected!! @hutchins just gave @projection_lab a shoutout on All the Hacks! ๐ฅณ
00:34:30 -- allthehacks.com/FIRE-spectruโฆ
I chatted with Chris for the first time recently, and he graciously imparted some sage tips on entrepreneurship.
This episode of All the Hacks was doubly cool because I've also been a @ChooseFi listener for several years, and it was super fun hearing Chris and @bradchoosefi explore all the different flavors of FI.
Brad, if you kick the tires on PL, it would mean a lot to hear what you think sometime! Walking around Boston and listening to ChooseFI during the early days of the pandemic is one of the original things that inspired me to start this journey ๐
ProjectionLab retweeted
Looks like @projection_lab got a mention on the @Doughroller Money Podcast! ๐
youtube.com/watch?v=3AA1q4ufโฆ
Thanks @Robert_A_Berger! ๐
ProjectionLab retweeted
ProjectionLab was selected as one of the winners at the FinCon #fintech startup competition in New Orleans! ๐
@FinCon is one of the largest personal finance conferences, and the first I have attended for @projection_lab.
It was fun (and luckily not too scary) making a 7-min presentation/pitch on stage to the judges and audience full of content creators and brands.
I really enjoyed meeting many of you there in person, and it is shaping up to be an exciting year.
Also, huge congrats to the #1 and #2 picks @joinwaterlily and @DebtDebbie! You are both excellent speakers @lvittayarukskul and Frida, and I'm sure the future is bright for your products!
The other folks in PL shirts are Jon (@jonkuipers, growth advisor) and Olivia (my fiancรฉ). It was a blast having them along, and they were both a tremendous help.
At first I was planning to attend alone, but I am glad I didn't! Loads of people showed up to chat and learn about PL, and there is no way I could have managed everything ๐
Thanks again to everyone who encouraged me to attend! @ptmoney @RetireBeforeDad @debtfreejustine
ProjectionLab retweeted
Rooting for tomorrow's financial services leaders who are working hard building, learning and seeking purpose. Follow @kylascan, @DeadCaitBounce, @_knolan, @NxtGenPlanning // sample - kyla.substack.com/p/what-it-โฆ
ProjectionLab retweeted
Does seeing your image on the cover of stuff eventually feel less cringe?
Either way, thanks for the @IndieHackers feature! ๐
indiehackers.com/post/kyle-nโฆ
ProjectionLab retweeted
Big Update!! I just dropped to part-time at my day job after hitting $200k ARR with my side project ๐ฅ
projectionlab.com has now graduated to the main project! ๐
The whole first year, I put in 4+ hours every night after work, and all day & night on most weekends and holidays. For the equivalent of below minimum wage.
Bootstrapping took me:
โ 14 months to reach 500 customers
โ 7 months to reach 1,000
โ 5 months to reach 1,500
โ 2 months to reach 2,000
While corporate engineering can be rewarding in its own way, for me it has never offered anything close to the thrill and fulfillment of bringing a personal vision to life and sharing it with the world.
PL has always been a passion project for me, and without the obsession to relentlessly show up every day and make tangible progress, I never would have reached this point.
Nor would I have gotten here without all the support and encouragement from my new friends in the #indiehackers community, the PL user base, and the financial independence scene! ๐ฅน
I really appreciate everyone who nudged me to finally put some skin in the game, e.g. @dannypostma, @agazdecki, @dr, @MrNick_Buzz, @dvassallo, @seanfgates, @ptmoney, @WalletHacks to name just a few.
This change will be a big improvement, but there is a part of me that wonders if maintaining a part-time W2 at this stage could still be too conservative.
Who would play it differently and go all-in straight away? @levelsio or @arvidkahl, would you guys steer me in a different direction here?
ProjectionLab retweeted
My side project just hit $200k ARR! ๐ฅน
Does that mean it should not be a side project anymore?
Even though I'm shocked and elated it could ever get this far, there is an insecure voice in my head that still reminds me it could all go to zero overnight ๐ฌ
It took over 2 years of obsession and consistency to bootstrap projectionlab.com as a solo dev on nights and weekends from $0 to $16,7142 MRR.
โ 9 months to get to $1,000
โ 4 months to get to $2,000
โ 7 months to get to $5,000
โ 6 months to get to $10,000
โ 2 months to get to $16,7142
But evidently that little voice just never goes away!
At first it tells you things like "no one would buy this", or "you don't have enough skill."
Then it tells you "this won't actually scale" and "you'll never get real traction."
At each stage, there are fun new things to fuel the paranoia! ๐
But zooming out, I wonder if it is beginning to look silly that PL is just a side project.
I know folks like @thejustinwelsh and @dvassallo advocate side projects as a de-risking tactic (to a point). But is this the milestone where they and the other solopreneur legends who have inspired me would say "Okay, now you're just being a chicken! ๐"
If you have any sage advice to spare @levelsio, @dannypostma, @arvidkahl, @tibo_maker, @dr, @yongfook, @damonchen, @tdinh_me, @alexwestco, and @MrNick_Buzz, I would love to hear where you weigh in ๐
So what does everyone think? At what point is it time to throw caution to the wind?
ProjectionLab retweeted
"boring" personal finance simulator site.
side-project by one founder.
monetization via subscription.
generating 10k a month.
projectionlab.com/
ProjectionLab retweeted
Really enjoying ProjectionLab from @_knolan. Lots of depth there once you dig in. My only complaint is that there aren't enough icons for my plans























