What is Financial Security?
Your Financial Security is…..
“A regular lifelong monthly income which in enough to sustain your basic necessities is your “Financial Security” and this monthly income you should get without doing any active work”
This financial Security can be achieved by normal regular earnings. You need to regularly save and invest your money for longer period. Then your investments start generating income which will be your Financial Security.
Let’s take example, a person is having monthly basic expenses is around Rs 43,000/- per month. The below investment made by them are generating monthly income of 43k per month.
If you want to create this earning then you need to regularly monitor your financial security status for which you need a mechanism by which you can monitor for longer period. Also it must be offline so your data will remain confidential with you.
Two tools are enough to plan and monitor your financial Security
1. Financial Security Planner & Tracker
2. Investment Tracker
Tool-1 : Financial Security Planner & Tracker
This is an Excel pre-designed tool in which by just feeding few details, you will get updated with your Financial Security Status. Also you can plan what monthly/ yearly investment you must do to achieve your goal at right age.
This Planner & Tracker has 4 sheets inside
- Financial Security Status
- Goals
- Necessity Expenses
- Investment Planner
These 4 sheets will help you to plan, making goals, calculate necessity expenses and know the status of your Financial Security with milestones, etc.
Two important details are must to use “Financial Security Planner & Tracker”, one is total corpus amount as on date you have and other is how much income per month your investments are generating. These both the details you will get by “Premium Investment Tracker”
Tool-2 : Premium Investment Tracker
Premium Investment Tracker is the pre-designed Excel tool by which you can get updated about your financial net worth and how much monthly income your investments are generating. This also help you to organize you money, investment & asset information including investment document management and user ID & password management. Learn more
