Does your net worth pass The Millionaire Next Door test?

For anyone who hasn't read this book yet, put that on your to-do list.

It's a must-read, and full of gems.

Including this one, which gives us a handy, fast way to see if you're ahead of the curve.

A thread:

For this test, we're looking at a single number. You're either a PAW (prodigious accumulator of wealth) or a UAW (under accumulator of wealth).

No moving targets to track here!

So what's the number?

Well, actually, it's a formula.

So technically it does move, but it moves in lock-step with you.

(Your age x your yearly gross income) / 10 = Your target net worth

If you're above that target, you're a PAW.

If you're below it, you're a UAW.

I won't ask you which you are.

I'll just ask you this:

What are you doing right now, this weekend, to improve your position?