Recently, I finished reading a book called ‘The Millionaire Next Door’. Most of the content is talking about common sense, like how to live a frugal life, which most people have already done. It actually brings out an interesting formula about how to categorize your financial status. Expected Net Worth = (Age x Annual Income) / 10 If your actual net worth is double than the expected number, then you are a ‘PAW (Prodigious accumulator of wealth)’.