Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Key word: own. If you read my earlier post you would see that many "millionaries" don't OWN, but they do OWE, it all depends on what formula is used to determine what constitutes a millionaire. Many so-called "millionaires" look good on paper and have $10 in disposable cash, but in reality they are not a millionaire. A millionaire has at least or more than $1 million in disposable cash that they can write a bank check against that will clear. You can't write a check against a house worth $400,000 and expect it to clear. Disposable cash.
Then again, if you have a mansion and cars and stuff, but no cash, you are still rich to me. After all, if you really needed cash, you could just sell your crap, something a poor and even middle-class person couldn't do.
Also, if you have a lot of stuff, people know it and it can serve as a security when applying for a credit...
Then again, if you have a mansion and cars and stuff, but no cash, you are still rich to me. After all, if you really needed cash, you could just sell your crap, something a poor and even middle-class person couldn't do.
Also, if you have a lot of stuff, people know it and it can serve as a security when applying for a credit...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.