Frequently asked questions about My Wealth
1. Where can I download and install My Wealth?
The download page offers the desktop versions and the Android version on Google Play. The installation and update guide explains the steps for your system.
2. Where is my data stored?
The .mywealth file is the reference document. It contains, among other things, assets, liabilities, goals, the budget, rates, wealth-specific permissions, and history. My Wealth does not itself provide centralised cloud synchronisation.
3. Can I use the same wealth file on desktop and smartphone?
Yes. My Wealth uses the same .mywealth format across your devices. Finish saving and synchronising before opening the file on another device, and avoid simultaneous edits.
4. Why is my total marked as partial?
A necessary conversion is probably missing. Open Checks and use the correction action for the affected pair, or check Properties > Exchange rates. The panel can also report a budget transfer cycle.
5. Do rankings divide wealth between owners?
No. Total net wealth is always compared with the statistical reference for one adult aged over 20. The number of owners is not used as a divisor. All twenty countries are included; harmonised or imputed estimate labels remain visible. The ⓘ button gives the source, method and dated rates.
6. Where can I find software component licences?
Under Help > About, open Third-party licences. You can search for a dependency and view its bundled notices offline in the native application. Any notices associated with installed AI models remain separate from the My Wealth Live licence.
7. Why does my wealth appear to be counted twice?
A holding account has no value of its own and therefore adds no amount to the total. Instead, look for an asset created twice, the same account classified under two families, or an incorrectly entered quantity or price.
8. Do I need to create a holding account for a current account or property?
No, you can choose None when creating an asset or liability. However, create a holding account if you want to define its owners and their shares explicitly, group several investments under the same account or contract, or track holding account movements. Without explicit ownership carried by a holding account, the main owner is used as a reference in the relevant allocations.
9. Is My Wealth Live mandatory?
No. My Wealth LIVE makes it easier to search for and update values and rates when the catalogue recognises the item. You can always create and value an asset manually.
10. Does the local AI assistant send my conversations to a remote provider?
The local AI assistant runs the model and inference server on the Windows computer. This feature does not send conversation data to a remote AI provider.
11. Is MCP also local?
The My Wealth MCP server is local, but a client application using an online model may transmit what it reads to its own service. Check the client application's policy and grant only the required permissions.
12. What should I do if a file no longer opens?
Work on a copy first. Check the .mywealth extension, try a local copy and, on desktop, look for .bak backups beside the document.
If the message indicates a container created by a newer version, update My Wealth before trying again: this refusal does not indicate corruption. Older files whose format is supported remain readable. See the troubleshooting steps.
13. Can I recover a forgotten encryption password?
No. My Wealth does not store the password and cannot recover it. Always verify the password by closing and reopening the file after encryption.
