Theory | wealthymatters

Am I Wealthy ? Calculator

January 17, 2011 18 Comments

wealthymatters 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

Filed under Theory, Tidbits, Tool Kit Tagged with Am I wealthy?, Are you wealthy?, Best Financial Books, Calculator, PAW, Prodigous Accumulator of Wealth, The Millionaire Mind, Thomas J. Stanley, UAW, Under Accumulator of Wealth, William D. Danko

Global Rich List Calculator

January 16, 2011 16 Comments

Wealth is a somewhat relative term. And the people we compare ourselves with to decide how wealthy we are ,are often those who surround us. The world however is a much bigger place, and knowing where we are placed in this world depending can really surprise us.

To find out where you stand worldwide on the basis of your income, use the nifty calculator here : Link

Of course income hardly equals wealth, there are expenses to be considered and then there is the question of what we do with our surplus income—blow it ,save it, invest it or acquire liabilities, which go to determine our wealth position. And then again, money buys different levels of access to the good things in life in different places. So enter the location of your primary residence and total up your assets in the currency you most prefer and you can work out just how wealthy you are.

Do reflect on the different figures that the income and wealth calculator throw up. They reflect your privilege that translate to head-starts and lifelong gains. Also your profligacy that reduces your advantages in life.