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Here is a free Google spreadsheet for tracking financial goal portfolios with an option to receive email alerts. This sheet created by Amol Wable, is a modified version of the financial freedom progress tracker published earlier by Guhan Ramanan.

Amol was kind enough to share his sheet at FB group, Asan Ideas For Wealth and allowed me to share it here.

Guhan developed his sheet without focussing on returns and daily email alerts. His thinking is that the user should focus on the current value of the corpus and what percentage of the target corpus has been achived. I concur. For example see:

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The freefincal financial freedom app is now available for free download at the Google play store. The app helps answer three questions about financial freedom: (1) What is the corpus required to be financially independent?; (2) How long will a corpus last?; (3) What is the rate of return required to generate income that keeps pace with inflation.

 First A request: Please review You Can be Rich Too With Goal-based investing at Amazon or Flipkart. It will help us become better writers. Here is the first review at Amazon.in 🙂 If you have not got it yet, order one today!

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Happy Diwali/Deepavali! More and more people are thinking about financial freedom and early retirement. Here are a few simple illustrations to answer the titular question: How much do I need to retire early?

The first step is to recognise the difference between financial freedom financial independence.

Financial independence = Retirement (early or normal). There is no need for you to work again. You work to keep busy and healthy and active. Not for money.

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Retirement is an oft-discussed topic at freefincal  with a fair share of exposure to  early retirement. Here is a compilation of seven such posts in the form an e-book. This is the third such compilation.

The first was aimed at young earners, Starting Early, Starting Right and the second on DIY money management.

The third is on early retirement and fourth on post-retirement income generation strategies.

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This is a 'how to play' guide for the retirement 'bucket strategy' simulator that was published more than three years ago. Many have used the simulator and provided feedback. I thought it maybe a good time to revive the idea since more and more people are interested in post-retirement income strategies. They can be categorised into three:

  1. Those who are on the verge of retirement.
  2. Those who would like to plan for early retirement: Is it possible to retire early in India?
  3. Those who would like to manage their parent's retirement corpus.  (several posts available, will compile them)

This simulator provides simplistic random market returns to see the effect on the retirement nest egg. The simulator helps the user 'get a feel' about the bucket strategy, and the dangers of taking on too much risk.

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