One of the most widely used tool in the Corporate
world are the dashboards that serve the purpose of acting as visual indicators
regarding the health of Program/Project. Dashboards exist for at least two purposes
:
2) Track the progress against the
Target
We can use the dashboards in our
life too to check if we are indulging our self in the right things…Following
are some of the Dashboards that I monitor for myself
Physical Health :
Measures : Weight , Blood Pressure
We all should know how much we
should weigh…It is determined the Body mass index (BMI) which should be less than 25.To calculate BMI, take the weight (kg)
and divide it by height (m). Then divide that number once again by height (m).
Round to the second decimal place. Please get a digital weighing machine (costs
around Rs.700-Rs.1000) and record your weight frequently.
Fiscal Health:
Like a country’s wealth measured
in terms of Gross Domestic Product growth, Foreign Exchange reserve,
Export-Import balance, everyone should have a measure of their Fiscal health as
well.
According to me, there is only
one measure of your Finacial wealth :
Net Worth
= Total Assets – Total Debts
Please open a spreadsheet and put
in value of all the assets that you own in terms of the Bank
deposits,Government bonds,Mutual Fund investments,Stocks ,Gold and what
not….Also, put the value of the debts that you own …Your Fiscal wealth is
really that difference ….nothing more …nothing less
Mental Wealth:
I am skating on thin ice on this,
because this is more to do with Life’s purpose & fulfillment…Anyway, I
would recommend you to focus on Physical wealth & fiscal wealth till I
get back to you on this !
Bye for Now!
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