Working professionals today have high expectations and aspirations for the kind of lifestyle they want to lead. Employees these days are interested in talking about concepts like early retirement and financial independence. But to make it true, a certain amount of knowledge and efforts in the right ...
Working professionals today have high expectations and aspirations for the kind of lifestyle they want to lead. Employees these days are interested in talking about concepts like early retirement and financial independence. But to make it true, a certain amount of knowledge and efforts in the right direction are required. Moreover, having a clear understanding of how things will pan out in terms of time is very important when it comes to understanding personal finance.
On the other hand, neglecting conversations on personal finance and only hoping for the best can turn out to be worse. Let’s face the fact- Compensation/payment models by employers are deliberately structured to pay the workforce exactly what it takes to retain them. But at the end of the day, you can’t blame them. The question is, how long would one plan to work with such organizations, struggling to find a good work-life balance.
There are enough and more examples globally where work ends up becoming one’s whole life and not a part of it. You just don’t realize, and within a blink of an eye, one year becomes five, and five becomes twenty. And life goes on. Given the current circumstances and knowledge gap around personal finance education, it is not at all surprising that a vast majority in the US are not sure if they will ever have enough to sustain themselves if they were to leave their not so interesting yet high paying jobs.
Imagine if there was a way for you to figure out not only your net worth but the actual holistic cost of your lifestyle, weaved together to form a simple and complete measure of your financial health. It might sound like a concept from the future, but ChroniFI makes this possible. In a complicated world of all things materialistic, ChroniFI helps its users to plot their course to financial independence and build a happy life.
Further to the pandemic, a growing number of working professionals have started to introspect about the real purpose of their life. People with moderate to high paying jobs are looking for a deeper sense of purpose. Amidst this acute behavioral shift, conversations around the concept of personal finance are at an all-time high.
ChroniFI offers intuitive features that are missing in the market today:
There are plenty of companies with budgeting apps and many more apps that are into investing and asset management. The problem is that there are no strong players in the space of providing behavioral coaching in a personal finance context. The existing software has a major missing piece when it comes to training and educating users about what personal finance means along with its implications for their future. On the other hand, ChroniFI focuses on the most critical factor that is time, in its present context.
The platform helps users understand how their choices, preferences, and actions right now can affect their financial health. This key insight empowers them with the confidence that they need to create a realistic and well-planned path to financial independence. Interestingly, the insights are so detailed that users can ensure they make the right decisions without compromising enjoyment along the way.
By carefully following ChroniFI’s calculations, you can see exactly where your current job or the job you aspire to take fits into the context of your life and what you want for it. All this information helps you to simplify your present position in the larger scheme of things and evaluate how much is enough and when is the right time to move on for good.
A few years back, planning an early retirement was completely intuitive and had high stakes. With the help of technology, ChroniFI reduces the level of uncertainty and risk significantly. The user-friendly platform offers a holistic dashboard with intuitive tools that helps users to better understand their finance. Users can check detailed calculations in terms of multiple variables such as their income, expenses, and overall money flow cycle to see if they are in alignment with their future goals. In short, the platform simplifies a user’s financial health down to simple numbers expressed in units of time.
The platform has been designed for anyone who wants to live a meaningful life and optimize for time instead of money. Essentially, the technology provides a turnkey solution for skilled professionals who are motivated to reach Financial Independence and Retire Early (FIRE).
Unlike other tools that only track spending & predict a hypothetical portfolio growth, ChroniFI adds value to the life of its users by analyzing their behavioral metrics. So, if a user wants to know the impact of a particular spending habit on their path to Financial Independence, ChroniFI has them covered.
Produced in association with ChroniFI
Financial independence is the state of having sufficient personal wealth to live without having to work actively for basic necessities.
Personal finance refers to the management of an individual's financial activities, including budgeting, saving, investing, and planning for future financial goals.
Budgeting is the process of creating a plan to manage income and expenses, ensuring that spending aligns with financial goals.
Investment is the act of allocating resources, usually money, in order to generate income or profit over time.
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