Quote:
Originally Posted by Shamou  How much money does it take to be a millionaire…???
When we refer to someone as a “millionaire” obviously we are not saying that the person has a million dollars but we are talking in term of a general financial status… |
Well, having the million dollars is what defines a millionaire. The financial status, however, will of course vary with the management of the money and the money's buying power in its place and time (e.g. local cost of living, inflation rates, etc.).
I think you might be looking to ask a different question, like "How much does it take to enjoy the lifestyle, positional socioeconomic status, relative freedom from money worries over a length of time comparable to a lifetime, and/or other effects of possessing money that were once associated with millionaires in the past?"