In the book “The Millionaire Next Door”, there is a metric for determining how well you are doing financially.
Age x Gross annual income / 10
If your net worth is twice this number, you are a PAW (prodigious accumulator of wealth) and can be considered rich.
If your number is half or less you are an UAW (underaccumulator of wealth).
Those who are PAW’s are generally rich, but do not necessarily look like they are rich. But their financial position is basically what most piggs here are aspiring to be.
The UAWs are the ones we piggs are generally disdainful of, those who look rich, but actually are in a financial hole.
