Am I Wealthy ? Calculator
January 17, 2011 18 Comments
In the book ” The Millionaire Mind” the authors Thomas J. Stanley and William D. Danko explain the concept of Prodigous Accumulators of Wealth (PAWs) and Under-Accumulators of Wealth (UAWs). For their age and income levels,the PAWs are people who have accumulated an exceptionally good amount of wealth and the UAWs are those who fail to impress on the wealth front.This is because many people with huge incomes have equally large expenses because of their lifestyle choices.To check if you are a PAW or UAW use the calculator here Link .
Congrats if you are a PAW!
And if you are wondering just how wealthy you are in global terms? Check here: Link
About Keerthika Singaravel
wealthymatters 
This formula makes little sense at low incomes; a 50-year-old living on $12,000 (poverty level) is expected to have a net worth of $30K. Since people living at poverty level don’t save – unless they have some cost advantage most adults lack, such as perhaps living rent-free with parents – a working-age person at poverty level with $30K net worth would actually be far above their peers of similar age and income despite being regarded as a UAW.
Terry ,not sure I get what you’re trying to say. Could you please repeat your arguments step-wise?
An adult earning $12K per year is unlikely to be saving any money – rent consumes more than half my income – hence is unlikely to have any savings or wealth to compound over time.
Just to recheck, I went back to the calculator which is gone.
The requested URL /calc/wealth was not found on this server.
Terry,
Just checked. The calculator is now back in a new avatar with allowances for how money purchases different amount of things in different places. Also now there is an income and a wealth calculator. Playing round with them shows how privilege works.
Keerthika
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It’s a shame you don’t have a donate button! I’d without a doubt donate to this fantastic blog! I guess for now I’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to brand new updates and will share this website with my Facebook group. Talk soon!
I have recently started a blog, the info you offer on this blog has helped me greatly. Thanks for all of your time and work.
I’m still learning from you, but I’m making my way to the top as well.I absolutely enjoy reading all that is written on your blog.Keep the information coming. I enjoy it!
Guess I already knew it.But its a bummer knowing I’m an UAW.
Glad to know I’m a PAW.Thanks!
I’m so glad to find out that I’m a PAW.Thanks for the link to the calculator.
Thanks for the calculator.
Interesting calculator.
Glorious blog!
Pretty useful calculator.Thanks for the link.
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