Finanzen

Financial Independence Calculator (FIRE Simulator)

Overview

The Finanzen Calculator, provides a Financial Independence and Retire Early (FIRE) Simulator. It is a comprehensive tool designed to assist investors in achieving financial independence. By leveraging various features, the application provides a clear view of investment performance, budgeting, and progress towards financial goals.

	Watch the demo video

Key Features

Investment Performance Analysis

• Spreadsheet Upload: Investors can upload a spreadsheet containing their investment returns.
• Immediate Indicators: Provides immediate insights into various indicators of monthly returns, annualized measures, and tracks the journey towards financial independence.

Budget Control and Reporting

• Expense Tracking: Manages and categorizes expenses with detailed reports.
• Monthly Reports: Generates monthly reports indicating spending by categories.
• Financial Independence Calculator: Calculates the progress towards financial independence.

Inflation and Deflator Tools

• Inflation History: Tools to verify historical inflation rates.
• Income Deflator: Adjusts income for inflation to present real returns.
• Tax Reports: Detailed reports of taxes paid monthly and in total.

Comprehensive Financial Management

• Investment Management: Classic services for investment tracking and management.
• Budget Monitoring: Tools for monitoring monthly budgets.
• Expense Reports: Monthly expense reports categorized by spending.
• Return Calculations: Calculates the returns on investments.
• Tax Calculations: Computes taxes paid on investments.
• Currency Conversion: Converts between different currencies.
• Inflation Calculation: Calculates inflation impacts on investments.

Unique Value Propositions

• Neglected Niches: Offers unique insights not available in competing platforms.
• Real Returns Calculation: Calculates real returns by discounting for inflation.
• Monthly Goal Tracking: Tracks monthly progress towards financial independence.

Internationalization

• Global Inflation API: Provides inflation data for nearly all countries (189 countries).
• Global Currency API: Offers currency data for almost all countries (201 countries).

Installation Guide

Prerequisites

Before you begin, ensure you have the following installed on your system:

• Node.js (version 16.15.1)
• MongoDB (ensure MongoDB server is running or MongoDB Atlas)
• Git

Steps to Install and Run the Application

1. Clone the Repository

   git clone https://github.com/yourusername/financial-independence-calculator.git
   cd financial-independence-calculator

2. Install Server Dependencies Navigate to the server directory and install the dependencies.

   cd server
   npm install

3. Configure Environment Variables Create a .env file in the server directory and add the following environment variables:

   PORT=5000
   MONGO_URI=mongodb://localhost:27017/yourdatabase
   JWT_SECRET=your_jwt_secret

4. Start the Server Start the backend server.

   npm start

5. Install Client Dependencies Open a new terminal window, navigate to the client directory and install the dependencies.

   cd ../client
   npm install

6. Start the Client Start the frontend development server.

   npm start

7. Access the Application Open your browser and navigate to http://localhost:3000 to access the Financial Independence Calculator application.

📕 License

Released in 2022 📕 License

Made with ❤️ by Lucas Breno de Souza Noronha Braga 🚀. This project is under the MIT license.

Contact

Lucas Breno de Souza Noronha Braga