blueray007
New member
Saw this post from Investa: What's your PF score and I'm wondering if we should make a survey for peeps here in the sub? Maybe we can modify the items first or add more details and choices before we start? If you have any suggestions, you could comment them down below.
Here's the list they got:
\* Proposed changes
A. Saving Regularly:
Has Savings Rate of 15-30%
1 point
Has Savings Rate of 31-60%
2 points
Has Savings Rate of 61% or more
3 points
B. Has Emergency Fund:
Has less than 6 months Emergency Fund
1 point
Has 6 months Emergency Fund
2 points
Has more than 6 months Emergency Fund
3 points
C. Income Generating Assets (Investments) Net Worth:
100k to less than 500k
1 point
500k to less than 1M
2 points
1M to less than 10M
3 points
10M to less than 50M
4 points
50M or greater
5 points
D. Pays all bills on time (no penalties): 1 point
E. No Debt except Home Mortgage: 2 points
F. Has a comfortable lifestyle:
Food, shelter, clothing not an issue
1 point
Has budget for all occasions
1 point
Has budget for vacations ( at least once a year )
1 point
Can replace broken furniture/appliances if needed immediately
1 point
G. Personal Home:
Still renting and has budget for rent for a year at least
1 point
Still paying mortgage for home
2 points
Fully owns home
3 points
H. Insurance:
Has health card coverage
1 point
Has critical illness insurance
1 point
Has life insurance
1 point
I. Side Hustle / Extra Source of Income:
1 side hustle / extra source of income
1 point
2-4 side hustles / extra sources of income
2 points
5 or more side hustles / extra sources of income
3 points
J. Passive Income > Active Income (congrats!): 5 bonus points
K. Long-Term Savings / Funds for Big Events:
Has wedding fund or already married/divorced; or no plans ( single for life )
1 point
Has kids college fund; or no plans ( no kids for life )
1 point
Has car fully paid; or no plans to own one
1 point
Has funeral plan
1 point
Has estate planning prepared
1 point
Here's the list they got:
- Saving Regularly +1
- Has Emergency Fund +2
- Has Investments +2
- Pays Bills +1
- No Debt +2
- Can Afford Vacation +2
- Purchased Real Estate +1
- Already Insured +2
- Have a Side Hustle +1
- Long-Term Savings +2
\* Proposed changes
A. Saving Regularly:
Has Savings Rate of 15-30%
1 point
Has Savings Rate of 31-60%
2 points
Has Savings Rate of 61% or more
3 points
B. Has Emergency Fund:
Has less than 6 months Emergency Fund
1 point
Has 6 months Emergency Fund
2 points
Has more than 6 months Emergency Fund
3 points
C. Income Generating Assets (Investments) Net Worth:
100k to less than 500k
1 point
500k to less than 1M
2 points
1M to less than 10M
3 points
10M to less than 50M
4 points
50M or greater
5 points
D. Pays all bills on time (no penalties): 1 point
E. No Debt except Home Mortgage: 2 points
F. Has a comfortable lifestyle:
Food, shelter, clothing not an issue
1 point
Has budget for all occasions
1 point
Has budget for vacations ( at least once a year )
1 point
Can replace broken furniture/appliances if needed immediately
1 point
G. Personal Home:
Still renting and has budget for rent for a year at least
1 point
Still paying mortgage for home
2 points
Fully owns home
3 points
H. Insurance:
Has health card coverage
1 point
Has critical illness insurance
1 point
Has life insurance
1 point
I. Side Hustle / Extra Source of Income:
1 side hustle / extra source of income
1 point
2-4 side hustles / extra sources of income
2 points
5 or more side hustles / extra sources of income
3 points
J. Passive Income > Active Income (congrats!): 5 bonus points
K. Long-Term Savings / Funds for Big Events:
Has wedding fund or already married/divorced; or no plans ( single for life )
1 point
Has kids college fund; or no plans ( no kids for life )
1 point
Has car fully paid; or no plans to own one
1 point
Has funeral plan
1 point
Has estate planning prepared
1 point