Measure your Wealth Index

I have as i wrote in my blog earlier listening to a lot of audio books as i drive from office to work ( yes.. its a looong drive of over 2 hrs one way) and one of the measures i heard about from my favourite author Robert Kiyosaki was about the "WEALTH INDEX"

WI = income earned from non job sources / total income

To me this was a great way to measure my passive income... to measure how much money can i continue to earn even when i am not working.

This is an extremely important index as you look to build wealth across many generations .. true wealth ... forever.

So how do we calculate it..

Income from non job = income from portfolio ie dividends + royalty income + rights income + rental income.

Now when i take a look at my income from non job, here is how it looks

Portfolio.... negligible.. its a round off error because most of my money is in MF and re invested as it is a growth folio

Royalty.. zero

Rights.. zero

Rental.. some .. it is 3.5% of my overall income.

So my WI = 3.5%

Non existent... and something i want to see how i can build over the next few years to around 20% and then keep increasing as i go ahead. This will be one of my goals as we progress in 2019

Here are some areas i am thinking about..

1. Investing in a start up
2. Writing a book
3. Investing in an NPS which will give me annuity income as i retire.
4. Monetize my blog

Whats your WI ? What ideas do you have?

You should measure it... build it.. and share your story...