Quote:
Originally Posted by Chatbrat
I don't consider real estate as being a factor in being a millionaire, same goes for jewelry, cars and collectibles--If you have more than a million in liquid assets --then you are a real millionaire--and if you have a six figure retirement, you are also a millionaire--
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I wonder what Jay Leno's car and motorcycle collection is worth? Ever been to a Mecum or other collector car auction?
Stamps, coins, antique furniture, fine artwork (Van Gogh anyone?) all can come into play. Not the run of the mill stuff, but truly collectible items.
As previously stated, 'A million dollars isn't what it used to be.'
So to me, today's true millionaire is someone having an income of a million dollars a year or more.