# PTPTV Episode 1 – Power Percentage and Wine

This is it. This is the first episode of PTPTV. Let’s dive in.

Power Percentage® is a calculation I’ve been working on for a while now. This is beyond net worth because it gives you credit for anything you are doing that moves your financial life forward. This is the key. I don’t care if you have debt if you are actively paying it off. Power Percentage® takes your hard work into account. Here’s how you do it:

Gross monthly income:

Contribution to company sponsored retirement plan per month:
Company matched retirement plan per month:
Other monthly investments:
Savings per month:
Portion of mortgage payment which pays down principal per month:
Student loan repayment per month:
Medical debts per month:
Personal debts per month:
Credit card debts per month:
TOTAL:

To calculate your Power Percentage divide this total by your gross monthly income. Your result will be in decimal form, move the decimal two places to the left to get Your Power Percentage. Use the key below to see where you are.

KEY:
10% and below = not good
11% – 20% = Okay
21 – 34% = Good
35%+ = Great!

That’s it. That’s the number you need to know. What’s your number? Tell me on Twitter @petetheplanner with #PTPTV.

Now for the fun part. In this episode, I brought in Mark LaFay, an amazing sommelier and friend of the show. In this segment, Mark set up an inexpensive wine tasting for me. If you’re like me and love wine but rely on a budget to keep yourself in check, put Mark’s recommended picks on your grocery list today. Do it.

Until next time,

Pete

## 2 thoughts on “PTPTV Episode 1 – Power Percentage and Wine”

1. RW says:

Two things, if you need a show about the life of an Internal Auditor, let me know. Also, break the bank and drink some Sequoia Grove Cab.

2. Mic says:

I’m anxious to see my Power Percentage. I am unclear as to what I should fill-in for the last 3 items in the . Is that the average debt in each of the categories or the payment to the debt? I have about \$3000 in credit card debt each month and then I pay it off 100%. I have about \$20K in loan that I pay \$300/mo towards (0% card) and I have a \$140/mo payment for a concierge doctor service. What values should I use for those? Love your show on WIBC Indianapolis.