Personal financial efficiency has been a hot topic for years. People subscribe to dozens of newsletters that are expected to help them become more financially free. Myriads of apps are built with the sole purpose of tracking income vs expenses and (hopefully) changing one’s financial routine.
All of these solutions have one thing in common – they allow us to get a bird-eye perspective of a person’s financial environment. Although to get this perspective one doesn’t need to download the app or follow dozens of influencers. Consider a burn rate concept to kickstart leveraging your personal finance.
Burn Rate – is the speed at which a company spends money. It is useful when strategizing, as well as preparing for the unexpected. Sounds reasonable, especially when talking about VCs and all those big players in whatever industry.
Yet not many people try to implement this concept to persona finance. This website was built with a sole purpose to help people gain a new perspective on the topic, as well as to reimagine your own risk budget.
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