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It was called The Millionaire Next Door, and little did I know that this book would re-enter my life over 20 years later. Are you a PAW, a UAW, or just an AAW (average accumulator of wealth). I'd also wonder if these numbers are somewhat dated. Back in the dark ages (otherwise known as the 1990’s), I came across this book in my house. Chapter One: Meet the Millionaire Next Door. I'd have to think that these figures would vary greatly based on where in the country someone lives. Makes you think doesn’t it?įor further comparison, see the average net worth charts of the above average person on this link on Financial Samurai.Īlso for comparison, See married couples net worth charts with this link on Financial Samurai.Īlso for comparison, See married couples net worth charts with this link on Financial Samurai.I wonder how these numbers were derived. So if you were 45 years old earning $75,000 a year with total assets of $300,000 you would be a UAW. By the authors' definition, are you a PAW, AAW, or UAW? Your total assets total are say $300,000. They spend their income and do not save sufficient amounts of their money.Another Characteristic of the American millionaire is. Imagine you are 45 years old and single income family earning $75,000 per year. UAW (Under Accumulator of Wealth) less than 1 x level of wealth expected, worst at building wealth in their age & income brackets average income of $32,000 and a net worth of $36,000… The two emphasized in the book are PAW and UAW, to be a PAW you are in the top. UAW, or under accumulator of wealth, and AAW, or average accumulator of wealth. PAW Prodigious Accumulator ofWealth UAW Under Accumulator ofWealth AAW Average PAWS ARE BUILDERS OF WEALTH What are the 3 words that profile the. PAW (Prodigious Accumulator of wealth) 2 x level of wealth expected best at building wealth in their age & income brackets typically at least 4 times the wealth of UAW’sĪAW (Average Accumulator of Wealth) greater than 1 x level of wealth expected The Millionaire Next Door Analysis What do you think of when you hear the word millionaire Do you envision fancy cars, expensive attire, sparkly jewelry, an elaborate mansion. Stop Acting Rich was published in 2009 and has some language. The book defined the terms in the following manner: In the book, the Millionaire Next Door, the home was included in the net worth calculation.