Financial independence is something many of us crave for! The important part of achieving this goal is to understand how much we need to save up and invested to not rely on a paycheck.
One frequently used rule of thumb for retirement spending is known as the 4% rule. But this does not take into account factors like the country we live in, respective inflation rate, ROI on our investments etc.,
As fellow FIRE aspirants passionate about this concept, we tried to understand our own FIRE number and financial situation, but then thought of coming up with an app to help fellow members of the club. So, this might not be perfect, but we are open to improve based on feedback. Hope this is helpful to you!
Key features of the app :
* Tracking annual expenses, Inflation rate and retirement years
* Providing historical inflation data of your country of residence
* Calculating FI number based on the inputs
* Tracking assets, credits and transactions
* Retirement Planner
* Networth tracker
* Monthly Budgeting
* Expense Tracking