Prodigious Accumulator of Wealth – PAW
Thursday, June 11th, 2009In this book, The Millionaire Next Door the Surprising Secrets of America’s Wealthy there is a formula for determining whether someone is exceptionally productive in their wealth building. Take your age and multiply it by your income divided by 10. If you have more than this amount of money in assets you are doing well.
This is definitely hard to apply. It involves saving, budgeting and being thrifty. I can tell you, it isn’t easy. Although, if it was easy – everyone would do it.