02-25-2019, 11:10 AM
|
#107
|
|
Senior Member
Join Date: May 2014
Drives: 2017 BRZ
Location: Chicago
Posts: 3,291
Thanks: 1,260
Thanked 2,933 Times in 1,716 Posts
Mentioned: 58 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by Dadhawk
Yep, in 2017 there were nearly 16,000,000 millionaires in the US, that is persons with a net worth over $1M. Over $6,000,000 of those fall into the $1M - $2M range.
If you own your own home, pay it off, and save for retirement it's a simple process to get that point over several decades.
What a lot of people forget is most millionaires don't make a million dollars a year, they own assets worth $1M they accumulated over a life time.
|
It doesn't mean anything any more. The last twenty to thirty years has changed it so to actually need to make a million a year to have the same latitude as the millionaires of my teen years. Very depressing
|
|
|