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the doctor i used to work for is one.
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Interested to see what people's definition of "millionaire" is. Someone that has 1 mil in savings? Someone who makes 1 mil a year? Someone who has collectively 1 mil in assets/investments?
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@sarbear: that's very rare for doctors!
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@winniebee: I guess my definition was of someone who had "millions", in other words, there is no question about their status because during an IPO they made 50 million or they inherited a well-known family fortune. I wasn't counting any inbetweeners who maybe almost kinda made it
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@Mrs. Jacks: interesting! i know a few who have probably a few million in assets or investments. i know at least one couple who has millions. and millions.
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@winniebee: I figured you would know some in your line of work
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Yes, and you would never know it being in the midwest, most of them don't flaunt it and are farmers.
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@Mrs. Jacks: you'd be surprised - like doctors, not many lawyers are millionaires....now, our clients? they have dough!
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@Mrs. Jacks: i know. she is from the phillipines and her family has money and she has lots of investments/property/etc, both there and here. she was also very cheap! haha
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I know a few, but you would never know it.
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I was thinking of people who have more than a million in assets.
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No one in my personal life. But I'm sure some of the farmers I know from work are millionaires.
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@winniebee: that's a good point. I define a millionaire as someone that has at least $1mil in net worth, including property and investments. A million dollar a year salary alone (to me) wouldn't make me think of millionaires.
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@looch: i would imagine with a million in salary per year has a lot more than a million in total assets! There are very few jobs that actually pay that much... Even most CEOs don't earn that!
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@sunny: Well, CEO compensation is tied largely to performance and they usually recieve restricted shares (if they are publically traded companies).
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This article claims that the median income for millionaires is only $131,000, and they've just been frugal and very wise with investments.
http://www.nytimes.com/books/first/s/stanley-millionaire.htmlI know a few, most make a decent salary and spend wisely and invest smartly, well some I'm just assuming because I know their salary and lifestyle. I do know some that have gotten themselves in lucrative businesses that have been bought off, theyre doing quite well
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I'm pretty sure some people I know have millions in assets, but I guess I consider a true millionaire as someone who has millions in liquid cash, OR makes at least 1 million per year?
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@sunny: Sorry after I wrote that I realized I was wrong, I meant multi millionaires.. I used to prepare tax returns for some high wealth individuals.. so I "know" them as in I've had professional dealings..
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@winniebee: I was thinking $1 million in assets, which isn't that hard... as for making over $1 million a year.. I have had professional dealings with quite a few... but you run into it in my line of business..
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No...not personally anyway. I'm sure I've met a few at/through work, but I've never asked LOL
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