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10-07-2010, 04:38 PM

e.g 3 guys

1st guy has a fully owned 1million pound/dollar house and 1million cash in the bank no debts etc

2nd guy also has a fully owned million pound / dollar house has 500k cash in the bank but has items such as sports cars totalling 500k

3rd guy owes 500k on a 1mil house has zero in the bank

Would you consider them all to be millionaires based in the fact they have 1million cold hard cash, im pretty sure you would

but what about the guy who dosent have a million in cash but has assets totalling over a million and the guy who lives in the million pound house yet is 500k in debt?

10-07-2010, 04:38 PM
Altwebdesign Guest Posts: n/a	Who is considered a millionaire? e.g 3 guys 1st guy has a fully owned 1million pound/dollar house and 1million cash in the bank no debts etc 2nd guy also has a fully owned million pound / dollar house has 500k cash in the bank but has items such as sports cars totalling 500k 3rd guy owes 500k on a 1mil house has zero in the bank Would you consider them all to be millionaires based in the fact they have 1million cold hard cash, im pretty sure you would but what about the guy who dosent have a million in cash but has assets totalling over a million and the guy who lives in the million pound house yet is 500k in debt?