Quote:
Originally Posted by Adraco
A millionaire is able to invest a minimum of 1 million at any one time.
Having normal assests, like one house and one car does not count. If you drive a second car like a Ferrari, it could possibly count, but assets like that usually lose value over time so not very stable base.
1 million minimum of available funds, that's the only real deal that counts.
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That's a multi-millionaire.
If you sell everything and have 1.1 million cash, you are a millionaire. Far from a multi-millionaire, but still a millionaire on paper.