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Assistant Coach
Posted
...do you have one? I'm sure many of you have already the book " The Millionaire Next Door". I'm just getting around to it. It's quite an interesting read Thumb Up

Interestingly enough, the Go To Hell Fund is an "accumulation of enough wealth to live without working for ten or more years." Stanely et al. (1996)

I found interesting their PAW/UAW section.
PAW=Positive Accumulator of Wealth
UAW=Under Accumulator of Wealth

If you want to know which category you fall into, try this formula to get your net worth:

Multiply your age times your realized pretax annual household income from all sources except inheritance. Divide by ten. This, less any inherited wealth, is what your net worth should be. Stanley et al (1996)


If you are interested in reading this book, again the title is The Millionaire Next Door by
Thomas J. Stanley, PhD and William D Danko, Phd

I'm currently an UAW but I'm work in progress Thumb Up

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“Some men see things as they are and say why; I dream things that never were, and say why not?" ~Senator Robert F. Kennedy
 
Posts: 7924 | Location: At Lake Eola watching the ducks... | Registered: July 17, 2003Reply With QuoteEdit or Delete MessageReport This Post
Athletic Director
Posted Hide Post
Too late. All my money left for hell a while ago. Frowner

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The true worth of a race must be measured by the character of its womanhood. ~Mary McLeod Bethune

 
Posts: 31871 | Location: Atlanta, GA | Registered: October 02, 1999Reply With QuoteEdit or Delete MessageReport This Post
Assistant Coach
Posted Hide Post
Read it a good while ago ...

But I've been working on my "KMBA Fund" ...



"KI$$ MY BLACK @$$!"


Which is the amount of loot I figure I'm gonna need in stash and accumulated benefits so that I can tell EVERYONE to "KMBA", and never have to look back when I drive off, have no regrets for saying so, nor get up any morning and do (or NOT do) ANYthing but what I want to do at any time I MF'in' feel like it!!


Laugh Big Pimp Laugh

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Just Remember... "One Person's Happy Hour ... Is Another Person's DINNER!" "So ... Don't Always Believe the Hype!"

 
Posts: 13097 | Location: Tampa, FL | Registered: February 13, 2000Reply With QuoteEdit or Delete MessageReport This Post
Assistant Coach
Posted Hide Post
I hear ya...FV Thumb Up That is definitely my goal. I'm not sure if you remember the part about being a Texan where the Texan says he has a big hat and lots of cattle. The UAWs have big hats and no cattle.

I'm just really concerned that I will have big hats and no cattle from having a childhood history of not having luxuries. Got to have the CLK 500 convertible but have that, I may be ok

*#1FAMUAN looks over at the 4144 sq ft house taped to her computer* Handicap

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“Some men see things as they are and say why; I dream things that never were, and say why not?" ~Senator Robert F. Kennedy
 
Posts: 7924 | Location: At Lake Eola watching the ducks... | Registered: July 17, 2003Reply With QuoteEdit or Delete MessageReport This Post
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