financial-health-check

name: financial-health-check description: > Comprehensive financial health assessment — 8-dimension scoring (0-100), Canadian benchmark comparison, red/yellow/green status flags, prioritized action plan ranked by dollar impact, and quarterly trend tracking. Run at onboarding and at the start of each quarter. triggers: [health check, financial checkup, how am I doing, financial score, benchmark, assessment, onboarding, score my finances, quarterly review, financial grade] tier: core dependencies: [accounting-advisor, financial-planning, income-tier-monitoring]

Financial Health Check

A doctor's full-body checkup — for money. Produces a composite score across 8 financial dimensions, compares against Canadian benchmarks, flags urgent issues, and delivers a prioritized action plan with dollar-value estimates. Run at onboarding for new users. Run at the start of Q1/Q2/Q3/Q4 for CC.

When to Run

Step 1 — Data Collection Protocol

Before scoring, collect or retrieve the following. Check brain/USER.md first — never ask CC for information that is already documented.

Pull from brain/USER.md (no questions needed)

• Age, province, citizenship
• All income sources and current MRR
• Asset balances (TFSA, RRSP, FHSA, Kraken, Wise, Wealthsimple)
• Liabilities (OSAP balance, credit card debt)
• Tax filing status and compliance notes
• Business structure (sole prop vs incorporated)
• Equipment and deductible assets

Ask CC only if not documented

Calculate from available data

• Total net worth = sum of all assets - all liabilities
• Monthly savings = monthly income - monthly expenses
• Savings rate = monthly savings / monthly gross income
• Emergency fund ratio = liquid savings / monthly expenses
• Debt-to-income = total debt / annual gross income

Step 2 — Financial Health Score (0-100)

Score 8 dimensions. Sum equals the composite Health Score.

Dimension 1 — Emergency Fund Coverage (0-15 pts)

What it measures: Months of expenses covered by liquid, non-investment savings.

Formula: liquid_savings / monthly_expenses = months covered Liquid savings = chequing + savings + Wise (exclude crypto, trading accounts, RRSP)

Dimension 2 — Debt Health (0-15 pts)

What it measures: Debt-to-income ratio, interest rate burden, good vs bad debt mix.

Adjustments:

• All debt is student loans (0% interest via RAP): +2 pts (low-rate, income-protected)
• Any high-interest debt (credit card > 15%): -3 pts per account
• All debt is tax-deductible (Smith Manoeuvre, business loans): +2 pts

Formula: total_debt / annual_gross_income

Dimension 3 — Savings Rate (0-15 pts)

What it measures: Percentage of gross income saved or invested each month.

Note: For early-stage entrepreneurs with variable income, use a 3-month rolling average. Canadian median savings rate: ~5-8%. High earner target: 20-30%. FIRE target: 40-60%.

Dimension 4 — Tax Efficiency (0-15 pts)

What it measures: How much of available tax optimization is being captured.

Score guide:

• 13-15 pts (GREEN): All accounts open, deductions maximized, proactive quarterly planning
• 9-12 pts (YELLOW): Some accounts unused, deductions partially captured
• 0-8 pts (RED): TFSA/FHSA unused, filing late, missing major deductions, penalties

Dimension 5 — Insurance Coverage (0-10 pts)

What it measures: Appropriate coverage relative to risk profile and income level.

Score guide:

• 9-10 pts (GREEN): All relevant coverage in place
• 5-8 pts (YELLOW): Basic coverage, missing one key policy
• 0-4 pts (RED): Major gaps; one event could erase wealth

Dimension 6 — Income Diversification (0-10 pts)

What it measures: Number of income streams and concentration risk.

Adjustments:

• Single client > 80% of revenue: -3 pts (concentration risk)
• Single client 50-80%: -1 pt
• Passive income stream present (dividends, rental, royalties): +1 pt (max 10)
• No concentration risk (no single source > 40%): +1 pt

Dimension 7 — Net Worth Trajectory (0-10 pts)

What it measures: Net worth growth rate vs age benchmarks and personal targets.

Canadian net worth benchmarks by age:

Scoring:

• Above top 10% for age bracket: 10 pts (GREEN)
• Top 25-10% for age bracket: 8 pts (GREEN)
• Median to top 25%: 6 pts (YELLOW)
• Below median but positive and growing: 4 pts (YELLOW)
• Negative net worth (liabilities > assets): 2 pts (RED)
• Net worth shrinking quarter-over-quarter: 0 pts (RED)

For new users with no prior snapshot: Score based on current position vs benchmark only.

Dimension 8 — Business Health (0-10 pts)

What it measures: Gross margin, cash runway, revenue growth, concentration. Skip or score 5/10 if user has no business income.

Step 3 — Composite Score and Grade

Health Score = sum of all 8 dimensions (max 100)

Step 4 — Red / Yellow / Green Status Flags

After scoring, produce a status table showing each dimension's flag and a one-line finding.

DIMENSION           | SCORE | STATUS  | FINDING
Emergency Fund      | 0/15  | RED     | $0 liquid savings — one event away from crisis
Debt Health         | 11/15 | YELLOW  | OSAP $9K at 0% effective via RAP — low risk but present
Savings Rate        | 5/15  | RED     | Variable income, no consistent savings habit yet
Tax Efficiency      | 11/15 | YELLOW  | FHSA opened, TFSA underused, deductions partially captured
Insurance           | 2/10  | RED     | Only OHIP — no tenant's, no E&O, no disability
Income Diversity    | 4/10  | RED     | 4 streams but 94% primary retainer concentration
Net Worth           | 5/10  | YELLOW  | Below age median but young + high-trajectory business
Business Health     | 8/10  | GREEN   | 64.99% MRR growth, high margin SaaS — strong signal

Step 5 — Benchmark Comparison

Compare the composite score and each dimension against three benchmarks.

Present as:

Your Score: XX/100 (Grade: X)

vs Canadian average (age 22):   +/- XX points  [ABOVE / BELOW / AT]
vs High-income earner benchmark: +/- XX points  [ABOVE / BELOW / AT]
vs Entrepreneur benchmark:       +/- XX points  [ABOVE / BELOW / AT]

Strongest dimension: [name] — [score/max]
Weakest dimension:   [name] — [score/max]

Step 6 — Prioritized Action Plan

Rank the top 5 actions by estimated dollar impact (saved, earned, or protected). Format each action identically.

ACTION #1 — [Title]
What:       [One sentence — exactly what to do]
Why:        [One sentence — why this is the highest priority]
Impact:     [Dollar estimate — saved per year, protected, or gained]
Effort:     [Low / Medium / High] | Time: [e.g., "30 minutes", "1 week"]
Status:     [RED flag address / YELLOW optimization / GREEN maintain]
Reference:  [docs/ATLAS_DOCUMENT.md — section name]

Impact estimation rules:

• Always estimate in CAD
• Emergency fund: impact = income protection value (3 months income)
• Insurance gap: impact = risk exposure (e.g., equipment value, annual revenue)
• Tax deduction missed: impact = deduction amount × marginal tax rate
• Registered account unused: impact = annual contribution limit × marginal rate + tax-free growth
• Concentration risk: impact = revenue at risk if largest client churns

Step 7 — Quarterly Trend Tracking

On Q2/Q3/Q4 runs (when a prior score exists), produce a trend table.

DIMENSION           | Q1 2026 | Q2 2026 | CHANGE | TREND
Emergency Fund      | 0/15    | 3/15    | +3     | IMPROVING
Savings Rate        | 5/15    | 8/15    | +3     | IMPROVING
Tax Efficiency      | 11/15   | 13/15   | +2     | IMPROVING
Insurance           | 2/10    | 2/10    | 0      | STALLED — action needed
Income Diversity    | 4/10    | 7/10    | +3     | IMPROVING — 3 new clients
Net Worth           | 5/10    | 6/10    | +1     | IMPROVING
Business Health     | 8/10    | 9/10    | +1     | IMPROVING
Overall             | 46/100  | 60/100  | +14    | SIGNIFICANT IMPROVEMENT

Trend interpretation:

• +5 or more on a dimension in one quarter: flag as major win — explain why
• 0 change on a RED dimension: flag as stalled — escalate to action plan top slot
• Decline on any GREEN dimension: flag as regression — investigate root cause

Where to store scores: Append a dated entry to memory/LONG_TERM.md after each run.

Step 8 — CC Current Assessment (Q1 2026 Baseline)

Running the full model against CC's actual numbers from brain/USER.md as of 2026-03-27.

Input Data

Dimension Scores

D1 — Emergency Fund: 0/15 (RED)

• Liquid savings: ~$1,900 USD Wise + ~$155 TFSA + ~$500 RBC chequing (estimated) = ~$3,300 CAD
• Monthly expenses: ~$1,500 CAD (rent-free, frugal baseline)
• Coverage: ~2.2 months
• Score: 6/15 (1-2 months bracket)
• Finding: Thin cushion. One client churn (primary retainer = 94% of revenue) = financial emergency within 60 days.

D2 — Debt Health: 11/15 (YELLOW)

• Total debt: ~$9,500 CAD (OSAP $9,000 + estimated $500 credit card)
• Annual gross income: ~$49,200 CAD ($4,100 x 12)
• D/I ratio: ~19%
• Base score: 9 (16-30% bracket)
• Adjustment: OSAP effectively 0% via RAP at current income = +2 pts
• Score: 11/15
• Finding: Manageable debt load. OSAP is low-risk. Watch credit card balance.

D3 — Savings Rate: 5/15 (RED)

• Monthly income: ~$4,100 CAD gross
• Monthly expenses: ~$1,500 CAD estimated
• Implied savings capacity: ~$2,600 CAD but no consistent savings habit documented
• Self-reported: "pretty broke," spending more than he should
• Score: 5/15 (using 5-10% estimate — income is there but savings not flowing to accounts)
• Finding: Income is strong for age 22 but money is not being captured. No automated saving in place.

D4 — Tax Efficiency: 10/15 (YELLOW)

• TFSA: open but $155 (room ~$46K unused) = partial (-1)
• FHSA: just opened March 27, 2026 — $8K room accumulating = +2 (proactive)
• RRSP: unused but low priority at current income level = neutral
• Deductions: CCA, home office, subscriptions — NOT YET CLAIMED for 2025 (unfiled)
• Installments: not yet required at current income
• Score: 10/15
• Finding: FHSA opened is a win. 2025 return unfiled with deductions on the table. TFSA contribution room sitting idle at 0% return.

D5 — Insurance Coverage: 2/10 (RED)

• OHIP (provincial health): 2 pts assumed
• Tenant's insurance: not documented — assumed none (lives with parents, so lower urgency)
• E&O / business liability: none documented — HIGH RISK for AI consultant
• Disability: none documented
• Score: 2/10
• Finding: Major gap. As an AI consultant with $50K+ revenue, a single client dispute or error could result in a lawsuit with zero coverage.

D6 — Income Diversification: 4/10 (RED)

• Active streams: OASIS AI (~94% primary retainer), Nicky's part-time, DJ (seasonal), Trading (minimal)
• 4 streams present = base 9 pts
• primary retainer > 80% concentration = -3 pts
• Score: 4/10 (was 9, heavily penalized by concentration)
• Finding: 4 streams on paper but effectively a single-client business. primary retainer churning = $2,500 USD/mo gone overnight. Diversification is the single biggest financial risk.

D7 — Net Worth Trajectory: 4/10 (YELLOW)

• Current net worth: ~$3,300 CAD assets - ~$9,500 liabilities = approximately -$6,200 CAD
• Age 22 Canadian median: $5K-$15K positive
• Currently below median (negative net worth)
• However: trajectory is sharply positive — income scaling from $0 to ~$50K in 12 months
• Score: 4/10 (below median, but positive growth trajectory earns partial credit)
• Finding: Technically negative net worth but entirely attributable to OSAP. Business trajectory puts CC in top 10% for age 22 within 12-18 months if income holds.

D8 — Business Health: 8/10 (GREEN)

• Revenue growth: 64.99% MRR growth = 3/3
• Gross margin: SaaS/consulting margins typically 70-85% = 3/3
• Cash runway: ~2 months Wise balance = 1/2 (thin but not critical)
• Client concentration: primary retainer > 80% = 0/2
• Score: 7/10 (capped by concentration)
• Finding: Exceptional growth rate for a 22-year-old solo founder. Margin profile is strong. Concentration is the only real business health concern.

Composite Score

D1 Emergency Fund:    6/15
D2 Debt Health:      11/15
D3 Savings Rate:      5/15
D4 Tax Efficiency:   10/15
D5 Insurance:         2/10
D6 Income Diversity:  4/10
D7 Net Worth:         4/10
D8 Business Health:   7/10
----------------------------
TOTAL:               49/100   Grade: D

Benchmark Comparison

CC's Score: 49/100 (Grade: D)

vs Canadian average (age 22):    ~35-45  — ABOVE average  (+4 to +14 pts)
vs High-income earner benchmark: ~55-65  — BELOW target   (-6 to -16 pts)
vs Entrepreneur benchmark:       ~50-60  — AT/BELOW range (-1 to -11 pts)

Strongest dimension: Debt Health (11/15) — OSAP is structured and low-risk
Weakest dimension:   Insurance (2/10)    — Largest absolute gap from ideal
Biggest opportunity: Emergency Fund + Savings Rate — both fixable with income that already exists

CC's Prioritized Action Plan (Q1 2026)

ACTION #1 — Get E&O/Professional Liability Insurance
What:    Purchase a professional liability (Errors & Omissions) policy for OASIS AI Solutions.
Why:     One client lawsuit with zero coverage could wipe out all assets plus future earnings.
         At $50K+ AI consulting revenue, this is non-negotiable.
Impact:  Protects ~$50K-$200K in annual revenue; eliminates existential financial risk.
Effort:  Low | Time: 1-2 hours online (BFL Canada, Hiscox, or broker quote)
Status:  RED — immediate action required
Reference: docs/ATLAS_INSURANCE_ESTATE_PROTECTION.md — Professional Liability section

ACTION #2 — Build a $4,500 Emergency Fund (3 months)
What:    Automate $500/month from Wise USD transfers → RBC TFSA until $4,500 CAD reached.
Why:     primary retainer represents 94% of revenue. One conversation could end $2,500 USD/mo overnight.
         Currently 2.2 months coverage — needs to reach 3 months minimum.
Impact:  Protects ~3 months of expenses ($4,500); prevents debt spiral on client loss.
Effort:  Low | Time: 15 minutes to set up auto-transfer
Status:  RED — structural vulnerability
Reference: skills/financial-planning/SKILL.md — Emergency Fund targets

ACTION #3 — File 2025 Tax Return with All Deductions (Before June 15, 2026)
What:    File T1 + T2125 with CCA (computer $989.25, Class 50), home office, all subscriptions,
         OSAP interest (Line 31900), and DJ expenses. Use Wealthsimple Tax → NETFILE.
Why:     Every month of delay costs refund dollars and keeps deductions unclaimed.
         Estimated $800-$1,500 CAD in deductions + $541 CPP self-employed credit.
Impact:  $800-$1,500 CAD refund/savings; cleans CRA record before installments become required.
Effort:  Medium | Time: 2-4 hours with Atlas guiding each line
Status:  YELLOW — deadline June 15, payment due April 30
Reference: docs/ATLAS_DEDUCTIONS_MASTERLIST.md — T2125 checklist

ACTION #4 — Start Putting Money Into TFSA (Target $500/month)
What:    Open automatic monthly contribution from RBC to Wealthsimple TFSA.
         Buy XEQT (all-equity ETF) — one holding, no decisions needed.
Why:     $46K of TFSA room is sitting at 0%. Every dollar in there compounds tax-free forever.
         At 22, this is the single highest long-term wealth building action available.
Impact:  $500/month compounding at 8% for 40 years = ~$1.6M tax-free at age 62.
         More immediately: $6,000/year growing tax-free vs taxable account saves ~$200-$300/yr in tax now.
Effort:  Low | Time: 20 minutes to set up
Status:  YELLOW — optimization opportunity
Reference: docs/ATLAS_TAX_STRATEGY.md — Strategy 1 (TFSA maximization)

ACTION #5 — Diversify Revenue Away from primary retainer (1 new client target by June 2026)
What:    Land 1 new paying client (minimum $500 USD/mo) through Bravo's pipeline by June 2026.
         This moves primary retainer from 94% concentration to ~83% — not perfect but trending right.
Why:     Concentration risk is the single largest threat to CC's financial plan. Every dollar of
         diversification reduces dependency and makes the business financeable/sellable later.
Impact:  $6,000+ USD/year in new revenue; reduces single-client failure risk by ~15%.
Effort:  High | Time: Ongoing — delegate strategy to Bravo (CEO agent)
Status:  RED — systemic business risk
Reference: docs/ATLAS_BUSINESS_STRUCTURES.md — client concentration risk section

Output Format

Always end a health check with this summary block:

ATLAS FINANCIAL HEALTH CHECK — [Date] — [Quarter]
Score: XX/100 — Grade: [A/B/C/D/F]
Strongest: [dimension] ([score/max])
Weakest:   [dimension] ([score/max])
REDs:      [count] — [dimension names]
YELLOWs:   [count] — [dimension names]
GREENs:    [count] — [dimension names]
Top action: [Action #1 title] — est. $[impact] impact
Next check: [Date of next quarterly run]

Document References