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More so than just about any realm of life, securing one’s home, loved ones or valuables are undertakings worth addressing methodically and clinically. The effort expended to do so is more than outweighed by the sense of safety, security and peace of mind enjoyed in the long run.
So, what exactly do we mean by ‘ROI of your security’?
ROI stands for Return on Investment, and it is a performance measure used to evaluate the efficiency of an investment. And what could be more worthy of investment than securing that to which we ascribe value or sentiment as well as the personal safety of ourselves and those we love?
Security is an atypical investment where the value doesn’t fluctuate over time – it is perennially worth its weight in gold, and in the context of securing safety and peace of mind for one’s self and loved ones, can be considered priceless.
In fact, the greatest return on this investment would be nothing at all, i.e., the absence of any intrusion to your property, person, or secured goods. That is the optimal ROI of your security and it is calculated, or arrived at, by keeping things simple.
Let’s look at one simple method that can assist us in doing this.
Let’s talk budget
Here is the paradox when it comes to budgeting for your security needs: while optimal security for yourself and your family may, in effect, be ‘priceless’, there is no one perfect security solution.
So, with that in mind, it is well worth your time to budget mindfully and pragmatically in order to strike a practical balance between quality and effectiveness of security, and enjoying value for money (neither overspending or underspending) in the process.
One straightforward tool we can use to assess our security needs and construct a practical budget to match is what we call The Law of 10.
The Law of 10
Despite a distinct similarity in name to some metaphysical positive thinking practices, The Law of 10, as it relates to budgeting for one’s security needs, is simple. 10 refers to 10%, and we suggest delegating in the general vicinity of 10% of the value of what you are looking to secure, to the security budget itself.
Also, when we look at our security expenses relative to the value of the items we are looking to secure, it can do a very effective job of putting matters in their proper perspective. $750, relative to $7,500 worth of cherished musical equipment, sounds like a very reasonable outlay in order to safely secure our gear. On the other hand, though, spending $5000 to do so (as a proportion of $7,500), sounds like overkill.
Ultimately, what we’re talking about here is balance. While you don’t need to break the bank in order to obtain effective security, it is a proven truism that you get what you pay for. Also, use The Law of 10 as an element of your security budgeting and you will reap dividends in peace of mind.
Of course, here at Assured Locksmiths and Safety Solutions, we’re happy to give obligation-free advice on such matters. You can reach us by calling (02) 4423 6680 or contact us here
