What is your mindset?

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The book The Millionaire Next Door categorizes people into three: under accumulators of wealth (UAW), average accumulators of wealth (AAW), and prodigious accumulators of wealth (PAW), based on an individual’s net worth in relation to his income and age.

The main difference between UAWs and PAWs: UAWs spend tomorrow’s cash today while PAWs save today’s cash for tomorrow.

Which one are you?

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