Are you wealthy? How do you know? JLP at All Things Financial has posted a formula from The Millionaire Next Door
Multiply your age by your income from all sources. Then divide that number by 10 to arrive at what your net worth should be.
Here at Political Calculations, we take formulas and turn them into tools - and the wealth threshold calculation above is the kind of math we find irresistable. Enter your data in the table below, and click "Calculate" to find what your net worth needs to be to be considered "wealthy!"
Now, all you need to do is to compare your actual net worth with the calculated net worth value. If it's greater than the calculated value, you may consider yourself to be wealthy. Good luck!
Labels: personal finance, tool
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
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