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The Millionaire Next Door |
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The book The Millionaire Next Door: The Surprising Secrets of Americas Wealthy (1996, ISBN 0-671-01520-6) is by Thomas J. Stanley and William D. Danko.This book is a compilation of research done by the two authors in the profiles of millionaires. In this case they used the term millionaire to denote U.S. households with net-worths exceeding one million dollars (USD).The authors compare the behaviour of those they call UAWs (Under Accumulators of Wealth) and those who are PAWs (Prodigious Accumulator of Wealth).UAWs Versus PAWsUnder Accumulator of Wealth (UAW) is a name coined by the authors used to represent individuals who have a low net wealth compared to their income. A $700,000 per year doctor can be an Under Accumulator of Wealth if his/her net worth is less than ...view more
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