u/FinancialFreedomDoc

Hi, I am building one of the most complete personal financial planning tools on the market. It has the capabilities of major budgeting and retirement apps in one, but with much less data risk and more clarity.

Because it’s an excel spreadsheet. It has CSV auto normalizer and auto categorizer to make easy to read budget that you can track your monthly cashflow from beginning of imports until end of plan, adjusted for inflation.

It then feeds all income, spending, investing, and savings into retirement projection engines so you can plan and compare up to 6 scenerios. And stress test it all against major historic market moves. there’s a whole section for protection (insurance, estate planning). No sensitive data needed, so this acts as a layer between your data and AI. Use AI to ask about any part of your financial life, and it can gather all context from the workbook for accurate responses.

Am I crazy to go against the app wave for the sake of data security?

Hi. I am building a product that is one of the most complete personal financial planning tools on the market. It has the tools of major budgeting and retirement apps in one, but with much less data risk and more clarity.

Because it’s an excel spreadsheet. It has CSV auto normalizer and auto categorizer to make easy to read budget that you can track your monthly cashflow from beginning of imports until end of plan, adjusted for inflation.

It then feeds all income, spending, investing, and savings into retirement projection engines so you can plan and compare up to 6 scenerios. And stress test it all against major historic market moves.

Finally there’s a whole section for protection (insurance, estate planning). No sensitive data needed, so this acts as a layer between your data and AI. Use AI to ask about any part of your financial life, and it can gather all context from the workbook for accurate responses. Thoughts?

Am I crazy to go against the app wave for the sake of user security?

I have been working on Wall St for 21 years. Pre COVID I ran a trading desk that was 100% commission based. It was my most successful time of my career but risks of no guaranteed income proved too difficult during COVID.

So I quit and moved to a safe spot at a Fortune 500 company. Making good money but nothing like I used to. I wanted to learn about AI so I began working on a project to improve my personal financial planning excel sheet at home with Claude.

Four months later and I have a product that is one of the most complete financial planners available to retail users. I think I can make a lot of money selling it, but my firm just denied my Outside Business Activity request because it is too close to their business.

My wife and I have fears of going broke from what happened at the end of my trading career, especially now that we have 2 kids.

I guess it really all depends on my confidence of being able to cover my current income with the new business but it’s a massive risk. Anyone have advice on this? Anyone take the same leap and have advice to share?