How is your networth doing?

From: Jeff Salisbury <jeff.salisbury@xmission.com>
Subject: How is your networth doing?
Date: Mon, 03 Jan 2000 10:56:34 -0700

Previous Article (by Subject): Coke or Yahoo - which is the better buy? Ira Krakow
Articles sorted by: [Date] [Author] [Subject]

Hello Persfin'ers,

The book "The Millionaire Next" door has a very simple formula to "rate"
your net worth.  It is very interesting. The formula is:

	Your Age times your Income divided by 10

The answer, according to the authors, is the Median net worth for a
person of the same age and income (approximately).  They derived this
formula after over two decades of research into the differences between
the affluent and everybody else -- trying to discover what the wealthy
have in common.  If your net worth is less than the formula, you are an
Under Accumulator.  On the other hand, if your net worth is double the
answer, then you are a "Prodigious Accumulator of Wealth" (PAW).  The
authors admit that the formula does not work well for you if you are
young and just entered the work force -- but it does give you an
immediate goal.

I've found that when I apply this formula to myself and my clients, the
results (with few exceptions) match the type of person I'm dealing
with.  Some are savers, others are spenders, and the primary difference
is net worth.

Best Regards,

Jeff Salisbury

- -

Previous Article (by Subject): Coke or Yahoo - which is the better buy? Ira Krakow
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.