Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
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Post by Value Buy on Oct 13, 2015 20:25:02 GMT -5
America increased in the percentage of millionaires as well as toal numbers, in the world with the worldwide number actually declining, due mainly to oil and commodity price depression www.cnbc.com/2015/10/13/countries-with-the-most-millionaires.htmlAmerica's number primarily increased on increases in different investment vehicles here in the states. Was anyone here a newly minted millionaire? Disclaimer: not me  |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,593
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Post by Ombud on Oct 13, 2015 20:37:49 GMT -5
It's all relative. A pd off home is easily 750k. So add in the IRA / Roth / Brokerage and it's not a stretch. The same 600k in stocks / cash means less here than other places.
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fishy999
Familiar Member
Joined: Aug 9, 2015 20:40:43 GMT -5
Posts: 629 
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Post by fishy999 on Oct 13, 2015 20:56:38 GMT -5
A VERY NICE paid off home is 750K- or an apartment in San Francisco But sure- much easier to be a millionaire based on assets rather than liquidity. Might be close in 10 years. |
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