Prodigal Accumulators of Wealth and Under Accumulators of Wealth from Millionaire Next Door
In The Millionaire Next Door by Thomas J. Stanley and William D. Danko, PAWs (Prodigious Accumulators of Wealth) and UAWs (Under Accumulators of Wealth) are two categories the authors use to describe people’s wealth-building habits and financial behaviors. Key Concepts: Formula to Identify PAWs and UAWs: The authors provide a simple formula to calculate expected […]