Your Networth. Your Life Grade

Knowing your Networth.  Your Investment/Earning Grading.


I had a chat with someone in his early 50s on his investment journey.

Maybe he is humble to share. He appeared to lament that his assets are only his fully paid home and one PA plan.

To help him,   I briefly tabulated an action for him, as follows:

1. Maybe first try also account for your assets by every $100ks.  See where they went to or spend on ?

2. Estimate total earnings over the years; through ITX Annual Statement of Income.

3. Then compute your performance (saving/total earning).  Then assign grade to it. 

4. And compute your networth.  DBS NAV Planner is useful.  Then it can also provide a guide you the comfortable retirement monthly expenditure, with inflation adjusted.

5. Next then try how to be focussed on investment to reduce your money leakage and build up your dividend/return.

~~~~~

6. Not sure if there are any such grading to your Passive Income-to-Total Earning Grade. And how is your Networth Grade. I will check.

Anyway, my opinated grading Passive Income Grade or Networth Grade would be:

My/Your Passive Income or Networth Grade:

Distinction: Exceeds 100% of Total Earnings; Singly or Coupled.

Grade A: Achieves above 85% of Total Earning.

Grade B: Achieves above 75% of Total Earning.

Grade C: Achieves 60% of Total Earning.

Grade D: Achieves 50% of Total Earning.

Grade E: Achieves below 50% of Total Earning.

Summary:

1. How good is thy "Servant" in Earthly Treasures? 

2. Wonder how would The Holy One grade us?  It will be a Downside-Up Grade

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