Reply to If you have a networth of $1m plus do you consider yourself a "millionare"?

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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]I personally considered myself reaching a million dollar net worth when I was looking at my current liquid assets.  That means nothing in 529s, real estate, retirement, vehicles, etc.  It had to be in accounts I could take immediately with no penalties.  So even a CD was excluded.  This was my own personal definition, but then again your question asked what I considered to be a millionaire in myself.[/quote]

Sure, but you should realize how irrational or that standard is. No one in their right mind would keep a million dollars in highly liquid cash equivalents, especially if even CDs don't count.

Scratch that, if you had 100 Mil, then maybe one mil sitting idle isn't really that big of a deal. Kind of like how you may not care if you had 10k sitting in checking if you have $1M net worth.

[/quote]

Huh?  I consider that million liquid if it is in stocks since one could immediately liquidity it.  Lots of people in their "right minds" keep millionS in stocks.  [/quote]

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