Who is considered a millionaire? - GoFuckYourself.com

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?

DBS.US · 10-07-2010, 04:40 PM

1 Million net worth

Nicky · 10-07-2010, 04:41 PM

Quote:

Originally Posted by DBS.US

1 Million net worth

Varius · 10-07-2010, 04:42 PM

#1 is a millionaire.

#2 It depends, as some use the term millionaire as having at least a million liquid, while others say basing it on Net worth is fine.

#3 is not a millionaire.

10-07-2010, 04:42 PM

Quote:

Originally Posted by DBS.US

1 Million net worth

What gets taken into account here? assets?

or just plain and simple cash? available cash minus debts?

so if you had 1mil cash and 500k debt leaves you a net of 500k so you'r enot a millionaire right?

Ethersync · 10-07-2010, 04:47 PM

1 yes.
2 close enough.
3 no, though I am sure he thinks he is.

A million, crisis aside, is not even all that much these days.

DBS.US · 10-07-2010, 04:48 PM

Quote:

Originally Posted by Altwebdesign

What gets taken into account here? assets?

or just plain and simple cash? available cash minus debts?

so if you had 1mil cash and 500k debt leaves you a net of 500k so you'r enot a millionaire right?

Right

Millionaire=worth a million

10-07-2010, 04:52 PM

Quote:

Originally Posted by Ethersync

A million, crisis aside, is not even all that much these days.

That's one of the reasons i made this post, because to be honest, i think it is.

the guy who lives in the million pound house and has massive debts / negative equity isnt a millionaire.

To those who think it's not a lot of money, and i dont mean you, and live in million pound houses and drive ferraris and whatever, can they actually write a cheque out for 1 million and go cash it ? To me thats a real differential between someone who has a worth of 1mil with assest included and someone who straight up has 1mil in cash

Maxi · 10-07-2010, 05:00 PM

If you have 10k cash in the bank you're a millionaire, because you have a million cents.

sologirlcontent · 10-07-2010, 05:03 PM

Quote:

Originally Posted by DBS.US

1 Million net worth

and this is a dumb thread

woj · 10-07-2010, 05:04 PM

it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth"

)
of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k..

Adraco · 10-07-2010, 05:06 PM

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.

10-07-2010, 05:07 PM

so someone who has 1mil in cash and no debts is a millionaire

someone who has 500k in the bank and 500k worth of assets, no debts would also be considered a millionaire, net millionaire.

epitome · 10-07-2010, 05:07 PM

If you have assets of $1 million and $0 in debt, you are a millionaire.

If you have a million dollar house that is paid off, $50k in the bank but $75k in other debt, then you are not a millionaire.

woj · 10-07-2010, 05:08 PM

and like someone said earlier, a million USD is fuck all now a days, it sounds like a lot, but you need at least 2-3 million USD to feel rich now a days...

10-07-2010, 05:09 PM

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.

I think im with you on this, putting net millionaires aside, its the type of millionaires who have the capital there, working capital millionaires who are TRUE millionaires and the others just millionaires on paper

but what if the guy who can write then 1mil cheque has a 2mil debt? then is he still a millionaire? sure its about to come to a swift end

anexsia · 10-07-2010, 05:10 PM

Me, I'm a millionaire.

Domain Diva · 10-07-2010, 05:10 PM

Here is a tricky one...

4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ?

ManufacturingMan · 10-07-2010, 05:13 PM

Quote:

Originally Posted by Domain Diva

Here is a tricky one...

4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ?

No, you would be considered dead broke

ArsewithClass · 10-07-2010, 05:52 PM

Quote:

Originally Posted by ManufacturingMan

No, you would be considered dead broke

@ the thread... I would have thought "assets" are the usual basis & income for a millionaire.
If you own over a million assets & have a steady decent income then I would agree that the person is to be a millionaire, however you can still go broke over night!

The funny thing is a billionaire is either a million millionaire or a thousand millionaire, which one would you say?

Why is dress size different in the US to the UK. A size 10 in the UK is an 8 in the US. Why is it different considering the use for models on profiles

HomerSimpson · 10-07-2010, 06:17 PM

Quote:

Originally Posted by Domain Diva

Here is a tricky one...

4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ?

Kelli58 · 10-07-2010, 06:33 PM

A millionaire is someone who has a value of at least one million dollars but if you have 1 million in assets and 500k in debts then your value is no longer 1 million.

Rochard · 10-07-2010, 06:48 PM

A millionaire surely isn't what it used to be.

the indigo · 10-07-2010, 10:11 PM

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.

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.

DBS.US · 10-07-2010, 10:19 PM

A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account

http://en.wikipedia.org/wiki/Millionaire

AsianDivaGirlsWebDude · 10-07-2010, 10:19 PM

ADG

sojproductions · 10-08-2010, 12:00 AM

Not many millionaires leave a million sat in a bank... most would invest and invest some more, they didnt get a million in the bank by being stupid with their money. So overall it will always be net worth, if everything was sold on there and then.

strobi · 10-08-2010, 03:21 AM

If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter

10-08-2010, 03:49 AM

Quote:

Originally Posted by strobi

If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter

good point!!

ArsewithClass · 10-08-2010, 03:54 AM

Quote:

Originally Posted by ArsewithClass

The funny thing is a billionaire is either a million millionaire or a thousand millionaire, which one would you say?

Quote:

Originally Posted by Rochard

A millionaire surely isn't what it used to be.

Hence wondering about the billionaire situation... A there are a few billionaires around these days. But what would you consider a billionaire... a million millionaire or a thousand billionaire?

Quote:

Originally Posted by sojproductions

Not many millionaires leave a million sat in a bank... most would invest and invest some more, they didnt get a million in the bank by being stupid with their money.

Agreed! A million in th bank is livable, but certainly is not the right place for it these days

pimpware · 10-08-2010, 04:45 AM

#4 - Mallick

gmr324 · 10-08-2010, 05:09 AM

Quote:

If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter

Perception is reality where it counts the most.

ottopottomouse · 10-08-2010, 05:19 AM

Quote:

Originally Posted by woj

it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth"

)
of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k..

This .

czarina · 10-08-2010, 05:20 AM

guy 1 and guy 2

H-Tom · 10-08-2010, 06:25 AM

A true millionaire is a guy who can spend $1.000.000 on shit, just for fun. Like taking all his buddies on a trip to Thailand where they can sniff cocaine from a ladyboy dick :D

fatfoo · 10-08-2010, 06:48 AM

I would say that a millionaire is: Person that has assets that are a million dollar great than his/her liabilities.

Pipecrew · 10-08-2010, 06:52 AM

Guy 1 and guy 2. People can put down 100k and have a "milllion dollar house" it doesn't make you a millionaire. You can sell your house for 1 million and then pay off your 900k debt.

Hermes · 10-08-2010, 07:20 AM

I guess wikipedia gives decent description. More important question is that what does it matter? It's just terminology.

sexdatesj · 10-08-2010, 08:04 AM

not me for sure

seeandsee · 10-08-2010, 08:21 AM

Quote:

Originally Posted by woj

it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth"

)
of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k..

pastorsinalot is millionare or close to one, based on domains portfolio

Stephen · 10-08-2010, 10:00 AM

once you've made a million dollars, you're a millionaire

whether or not you get to keep it, or make even more, is another thing altogether

10-07-2010, 04:47 PM	#6
Ethersync Confirmed User Join Date: Mar 2008 Location: London, Saint-Tropez, Bermuda, Moscow Posts: 5,289	1 yes. 2 close enough. 3 no, though I am sure he thinks he is. A million, crisis aside, is not even all that much these days. __________________ The best ePassporte replacement I have found: OKPAY

10-07-2010, 05:04 PM	#11
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth" ) of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k.. __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

10-07-2010, 05:06 PM	#12
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,734	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. __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.

10-07-2010, 05:08 PM	#15
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	and like someone said earlier, a million USD is fuck all now a days, it sounds like a lot, but you need at least 2-3 million USD to feel rich now a days... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

10-07-2010, 05:10 PM	#18
Domain Diva Too lazy to set a custom title Industry Role: Join Date: Oct 2007 Location: UK/USA/Canada ICQ : 494318698 Email:[email protected] Posts: 10,180	Here is a tricky one... 4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ? __________________ Cams-Tube-Dating Domains Available At Trade Prices ! Domains For Sale ICQ:494318698 Last edited by Domain Diva; 10-07-2010 at 05:11 PM..

10-07-2010, 04:38 PM	#1
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?

10-07-2010, 04:40 PM	#2
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,830	1 Million net worth __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

10-07-2010, 04:42 PM	#4
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	#1 is a millionaire. #2 It depends, as some use the term millionaire as having at least a million liquid, while others say basing it on Net worth is fine. #3 is not a millionaire. __________________ Skype variuscr - Email varius AT gmail

10-07-2010, 05:00 PM	#9
Maxi Registered User Join Date: May 2002 Posts: 233	If you have 10k cash in the bank you're a millionaire, because you have a million cents.

10-07-2010, 05:07 PM	#13
Altwebdesign Guest Posts: n/a	so someone who has 1mil in cash and no debts is a millionaire someone who has 500k in the bank and 500k worth of assets, no debts would also be considered a millionaire, net millionaire.

10-07-2010, 05:07 PM	#14
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	If you have assets of $1 million and $0 in debt, you are a millionaire. If you have a million dollar house that is paid off, $50k in the bank but $75k in other debt, then you are not a millionaire.

10-07-2010, 05:10 PM	#17
anexsia Confirmed User Industry Role: Join Date: May 2010 Posts: 5,735	Me, I'm a millionaire.

10-07-2010, 06:33 PM	#22
Kelli58 Confirmed User Industry Role: Join Date: Aug 2006 Location: Texas Posts: 2,079	A millionaire is someone who has a value of at least one million dollars but if you have 1 million in assets and 500k in debts then your value is no longer 1 million. __________________ Kandy AI 🍭🍬 Take a bite out of censorship 🍭🍬 We believe in empowering adults to use AI as they see fit. 👉 Get AI to write your scene descriptions for you 👈

10-07-2010, 06:48 PM	#23
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,133	A millionaire surely isn't what it used to be. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

10-07-2010, 10:19 PM	#25
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,830	A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account http://en.wikipedia.org/wiki/Millionaire __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

10-07-2010, 10:19 PM	#26
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)

10-08-2010, 12:00 AM	#27
sojproductions Confirmed User Join Date: Aug 2006 Posts: 2,160	Not many millionaires leave a million sat in a bank... most would invest and invest some more, they didnt get a million in the bank by being stupid with their money. So overall it will always be net worth, if everything was sold on there and then. __________________ ICQ: 404-159-022 Blue Pixels Profits - Uk Solo Tranny sites & Crossdressing! Filthy Profits - Uk MILF Solo Sites

10-08-2010, 03:21 AM	#28
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter

10-08-2010, 04:45 AM	#31
pimpware Confirmed User Join Date: Jan 2006 Location: Pt Posts: 1,673	#4 - Mallick __________________ icq: 284494832 realsexforyou.com

10-08-2010, 05:20 AM	#34
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,746	guy 1 and guy 2

10-08-2010, 06:25 AM	#35
H-Tom Confirmed User Industry Role: Join Date: Jul 2005 Location: . Posts: 677	A true millionaire is a guy who can spend $1.000.000 on shit, just for fun. Like taking all his buddies on a trip to Thailand where they can sniff cocaine from a ladyboy dick :D

10-08-2010, 06:48 AM	#36
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	I would say that a millionaire is: Person that has assets that are a million dollar great than his/her liabilities. __________________ Send me an email: [email protected]

10-08-2010, 06:52 AM	#37
Pipecrew Master of Gfy.com Industry Role: Join Date: Feb 2002 Posts: 14,885	Guy 1 and guy 2. People can put down 100k and have a "milllion dollar house" it doesn't make you a millionaire. You can sell your house for 1 million and then pay off your 900k debt.

10-08-2010, 07:20 AM	#38
Hermes Confirmed User Industry Role: Join Date: Oct 2010 Posts: 264	I guess wikipedia gives decent description. More important question is that what does it matter? It's just terminology. __________________ The Most extensive list of Paxum affiliate programs -> Paxum Sponsors .net

10-08-2010, 08:04 AM	#39
sexdatesj Confirmed User Join Date: Jun 2009 Posts: 1,078	not me for sure __________________ http://www.SexDateCash.com up to $90 Per Signup ~ WE USE NATS ~ 18 Niche Dating Sites!

10-08-2010, 10:00 AM	#41
Stephen Consigliere Industry Role: Join Date: Feb 2003 Posts: 1,771	once you've made a million dollars, you're a millionaire whether or not you get to keep it, or make even more, is another thing altogether