I think it was Forbes magazine that said you are considered rich when your annual income is One Milleeeeon Dollar$ or more.
As for being a millionaire. These days having a million bucks isn't squat. When you think that the avarage house in So Cali cost $500k, a million dollars doesn't look so big anymore.
I've had the priviledge of intimately picking the brains of several self-made people worth over 100M (and not just on Sunday morning trips to their garages).. contrary to popular belief, they were all perfectly capable of flying under the radar and were just as happy tooling along in a 20 year-old Jeep as they were the latest luxury automobile. IMHO (and dollar figures aside) the true definition of a 'millionaire' is someone who no longer lets convention define his or her life. They won't complain about sub-par accommodations, only sub-par service. They aren't out to impress the neighbors, they are simply following their own interests. They drink Bud Light because that's what they like- the social shock value of Louis XIII is lost on them, thankfully. Humble but without limitations. My definition of a millionaire is two letters.. F & U. C.
Not so fast. Some of us have to be polite so that we can charge the maximum for our services. I like the F350 comment. My dad is still driving an eleven year old C1500 and I'm looking forward to buying it from him when he gets a newer one...
Some of these post remind me of a letter I read a while back: An American businessman was at the pier of a small Belizean village when a small boat with just one fisherman docked. Inside the small boat were several large lobsters, and a slew of red and yellow snapper. The visitor complimented the Belizean on the quality of his catch and asked how long it took to bring it in. The Belizean replied only a little while. The American then asked why didn't he stay out longer and catch more fish and lobster? The Belizean fisherman said, "I get up early and watch the sun rise, then I fish a little, come home and relax, play with my children, have a big lunch and take a rest with my wife. In the evening I stroll into the village where I sip cashew wine and play music and sing with my friends. I have a full and busy life." The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds buy a bigger boat. With the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave Belize and move to Mexico, then LA and eventually NYC where you will run your expanding enterprise." The Belizean asked, "But how much time will all of this all take?" To which the American replied, "15-20 years." "What then, Gringo?" The American laughed and said, "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You would make millions of dollars." "Millions? Then what?" The American said, "Then you would retire. Move back to a caye in Belize, where you would get up early and watch the sun rise, then fish a little, play with your grandkids, have a big lunch and take a rest with your wife. In the evenings you could stroll to the village where you could sip cashew wine and play music and sing with your friends."
According to this article, http://www.bloomberg.com/apps/news?...h7I8rk&refer=us, 2.5 million out of 291 million US cititzens are "millionaires". Does this mean they are "true" millionaires? I wonder if this rate will fall when the boomers hit the retirement line, and doesn't look like the younger generation is too smart with money? So a $5 million min. is the new "millionaire"?
http://www.wineandliquorcourier.com/cognac_and_brandies/sku_251.htm Keep in mind that if you order it at a restaurant, it'll probably be 2-3X that price. C.