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nah, a million isnt that hard. in fact its really not that much today. it takes a lifetime of good investing,starting young and letting time make everything all right.. the millionaire we like to refer to really needs to have 7.8 million today, as thats what it takes to live the lifestyle of lavish luxury the term used to mean back when i was growing up..
the term millionaire really reflected someone set for life without working and living a posh lifestyle rather then an amount of money.
most families with a million in assets today have both husband and wife working full time,trying to make ends meet and instead of a bently or a porche its more likely a leased honda.
nah, a million isnt that hard. in fact its really not that much today. it takes a lifetime of good investing,starting young and letting time make everything all right.. the millionaire we like to refer to really needs to have 7.8 million today, as thats what it takes to live the lifestyle of lavish luxury the term used to mean back when i was growing up..
the term millionaire really reflected someone set for life without working and living a posh lifestyle rather then an amount of money.
most families with a million in assets today have both husband and wife working full time,trying to make ends meet and instead of a bently or a porche its more likely a leased honda.
I can agree with everything you mentioned excepted for the "leased honda" part. I would like to think that a couple savy enough to aquire a million would most likely buy a used honda instead of leasing one.
Every millionaire I've met has told me the first $1 million is always the hardest. It's true, the more money you have, the easier it is to make it. HOWEVER, you could be given $1 million and easily lose it from bad investments because you don't have the discipline people who made it from scratch do. Everyone needs to go through the arduous process of obtaining the first million because you will end up making mistakes and you need to learn from them. Many people cannot make the first million, in that case they shouldn't feel bad for themselves because if they were given $1 million, they would end up losing anyways.
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