Quote:
Originally Posted by GregWeld
Oh man..... I'm busting a lot of bubbles around here aren't I... 
Okay -- I found this (again by Googling) and it is a brief article on what is a millionaire... It says you need to MAKE a million per year in income. Good quick reading and is interesting.
http://www.npr.org/blogs/money/2011/...-a-millionaire
I posted a comment here or in the "millionair" (SIC) thread.... that I was driving by a group of big azz motorhomes and stacker trailers with real race cars in them and I was thinking to myself -- WTF do those guys do for a living?  And this is EXACTLY what I'm talking about. It takes a GIANT pile of money to be a "real millionaire".... for me - that description would be someone with Mansions (more than one) - private jet - a real Yacht - domestic help.... and be able to buy "anything" they wanted. At a 100K per month - you'd be just about there... but that would most likely be reduced by taxes of say 30% -- so you'd really need a pre-tax income more like 1.5MM a year! That would take THIRTY MILLION earning 5% income.
No wonder I feel poor! |
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