WealthScore: Is your investing and wealth creation working? Do you have what it takes to become financially free? Take our free online quiz and see how long your money will last!

How It Works

Using our special formula, WealthScore calculates the numbers of days of financial freedom you’ve managed to accumulate. The more days you’ve amassed, the higher your WealthScore.

For example, if your WealthScore was '210', then if you sold all your investment assets and paid off all your debts, then you could quit your job and survive for 210 days.

Why Is It Important

More than ever before, we’re conditioned to spend our hard earned money on instant gratification. Instead, we should aim to be good stewards over our money and to apply long- term planning that sees us acquire income producing assets (such as property, shares and businesses).

Rather than provide you with a long list confusing accounting ratios and calculations, we’ve pushed all that aside to concentrate on helping you to appreciate how strong your current financial position is, and to give you a way of benchmarking and planning for future improvement.

Instructions

WealthScore is easy to complete. It should take you about five minutes to work through. Of course, the quality of the information you input will determine the usefulness of your WealthScore.

You can do WealthScore as an individual or pool your resources and do it as a family unit – whatever works best for you.

The four steps to WealthScore are:

• Step One: Input your annual gross (before tax) tax salary. If you don’t earn a salary then put in the amount of money you’d need each year to live a moderate lifestyle. The assumption is that you want to lock in your current lifestyle, which is best reflected by your current salary.


• Step Two: Input your personal assets. A personal asset is something that has value but is owned for non-financial reasons (such as to provide for your lifestyle, sentimental purposes, etc.)

Although personal assets do not form part of your WealthScore, calculating a total can be helpful in working out whether or not you have enough insurance.

• Step Three: Input your investment assets. An investment asset is something you own with the primary goal of providing a financial return.

Your personal and investment assets should be included on the basis of an estimation of current market value or replacement cost. If this is not known or easily obtainable, use the cost paid to acquire the asset.

• Step Four: Input all your personal and investment debt. Be as comprehensive as you can, including every dollar of debt that you have a responsibility to repay.

Now that you’ve read the instructions, when you’re ready to make a start then click the button below.

Privacy & Legal Stuff

PropertyInvesting.com Pty Ltd does not hold an Australian Financial Services License (AFSL), nor does it provide advice about nor sell financial products.

WealthScore is not financial advice. It is designed as a general tool to allow you to track your current wealth creation position.

Any personal information supplied is treated with the strictest confidentiality. Any information that you enter to calculate your WealthScore will not be supplied to any third party, and will only be used internally for calculating an average which will be reported back to you for your own comparison purposes.

Where you leave your email address and request a reminder, you will receive an email automatically generated by the PropertyInvesting.com system in 90 days time to recommend you come back and test your Wealthscore again.

If you have any doubts or questions then please email Emy Zarebski.