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Reply to "If you have a networth of $1m plus do you consider yourself a "millionare"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I find it ironic that I am a millionaire in net worth -- based on 401K balance and home equity, mostly...but I am living paycheck to paycheck. [/quote] You're not putting anything into home equity or 401k?[/quote] No...I am paying my Mortgage and putting in 12% total (including company match)[/quote] It's not really paycheck to paycheck if you're saving 12% [/quote] Apparently you are unfamiliar with the DCUM definition of paycheck to paycheck. It means they have no money left after they spend a bunch and save the rest. They are only steps away from having to (gasp) use some of their saved money if an emergency comes up, just like the poors. The poors save a bunch every month that they can rely on too, right?[/quote]
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