And if you invest $1,000,000 in tax free bonds today -- UTPr0sim 11/15/2017 10:31PM
Depends on how you are considered, net worth, assetts? I was -- hokieman842 11/15/2017 1:55PM
Would say it's considered "total assets" -- EDGEMAN 11/15/2017 6:00PM
Really hope that it's net assets - otherwise I can borrow $1M and be one ** -- RTFC 11/15/2017 10:00PM
Yea but you got to pay it back. My bank told me they would lend me 600k -- hokieman842 11/16/2017 08:29AM
Net assets would include the value of your farm -- RTFC 11/16/2017 10:55AM
True, bad thing is that the actual value goes up and down, but the -- hokieman842 11/16/2017 10:59AM
A million dollars isn't very much money these days. -- Chris Coleman
11/15/2017 1:21PM
In Texas, you'd get 1 chip -- TomTurkey 11/15/2017 3:25PM
You get very close at the 10 percent level in wealth distribution -- lchoro 11/15/2017 12:56PM
Speaking of millionaires.. -- daisyWV 11/15/2017 12:48PM
If I ever donate 1 million to the Hokie Scholarship Fund... -- banishedtothelounge 11/15/2017 1:32PM
What would you do the 2nd time you donated 1mil?* ** -- daisyWV 11/15/2017 1:37PM
Depends on if we beat Pitt and uva lol ** -- HokieHutch 11/15/2017 1:40PM
Click -- 48zip 11/15/2017 1:14PM
Should be based on assets not property... if you include property... -- banishedtothelounge 11/15/2017 12:35PM
Other key is 401k. I know many who are 401k millionaires -- HokieHutch 11/15/2017 12:53PM
Correction -- won't touch 401k for years (not can't). -- HWA 11/15/2017 2:04PM
Those ppl are dumb/fiscally irresponsible -- Thankful Hokie 11/16/2017 08:14AM
Or, we drop dead @ 59 1/4... :( -- banishedtothelounge 11/15/2017 1:28PM
The net value of the property (value less loan balance) is an asset ** -- fordham 11/15/2017 12:43PM
Yey! well count me 'close'... but it's a fah-cade... -- banishedtothelounge 11/15/2017 12:48PM
Keep in mind in future years when the gov. runs into -- fordham 11/15/2017 12:53PM
I believe it -- HokieHutch 11/15/2017 12:27PM
I initially read that as 20% was going to call BS, but 5% reasonable -- turkeywinghokie 11/15/2017 12:24PM
Today's billionaire is equivalent to yesteryear's millionaire.... -- BusLoadaBozos 11/15/2017 12:17PM
Just decades of dollar-cost averaging. ** -- Gadfly 11/15/2017 12:20PM
Totally believe this.... -- daisyWV 11/15/2017 12:09PM
Wonder if that’s net? -- VT Pops 11/15/2017 12:01PM
The term millonaire is normally referenced to net worth. -- Hokie in CT 11/15/2017 12:09PM
I expect the majority of millionaires would have trouble -- Tafkam Hokie 11/15/2017 6:44PM
I think your $5K statement is reaching a little. You can only invest so -- CochraneResident 11/16/2017 03:33AM
The point of this thread is that the majority of most "millionaires" assets -- Tafkam Hokie 11/16/2017 1:19PM
Agree -- VT Pops 11/15/2017 12:27PM
Is this based on individual or houshold net worth? -- Hokie in CT 11/15/2017 12:00PM
I think it's either or.... -- daisyWV 11/15/2017 12:10PM
Parents paid $170k for house, in 1978; now worth $800k -- HWA 11/15/2017 11:30AM
Exactly, that would be a perfect example of 1/20... -- `lag 11/15/2017 12:59PM
Net worth would include real estate, collectibles, valuables, -- daisyWV 11/15/2017 12:12PM
My grandparents house was bought in San Jose in the 50sa -- HokieSignGuy 11/15/2017 12:09PM
True - I bet average age of those millionaires is easily 55. ** -- vt90 11/15/2017 12:00PM
Absolutely our population is aging ** -- daisyWV 11/15/2017 12:13PM
So, what happens in 20-30 years when all them pass away? -- HokieSignGuy 11/15/2017 12:10PM
I am leaving mine to my new 20 yo wife! ** -- banishedtothelounge 11/15/2017 3:06PM
Sooo..she was just born?...or you plan on dying with a 50-something wife? ** -- RTFC 11/16/2017 11:08AM
Born 2025, I think... ** -- banishedtothelounge 11/16/2017 11:28AM
Medical payments will get a bunch of that money before Medicare money -- Late 80s Hokie 11/15/2017 2:40PM
True... I remember hearing those stories.... a bit sad. ** -- HokieSignGuy 11/15/2017 2:42PM
If they are smart they have already decided how to -- daisyWV 11/15/2017 12:14PM
I get that. I guess I wasn't clear... I was thinking about the bigger -- HokieSignGuy 11/15/2017 12:24PM
Are property values going to hold up? How are the older folks going to -- fordham 11/15/2017 12:50PM
I don't think property values hold up. Speaking with a friend in mortgage -- HokieHutch 11/15/2017 5:45PM
Well, the bigger picture is... the $ is divided among the heir(s) -- daisyWV 11/15/2017 12:34PM
The problem you have is there are less and less workers to support -- fordham 11/15/2017 12:44PM
The older folks with over a million can support themselves for awhile -- daisyWV 11/15/2017 12:53PM
Keep in mind alot that worth is in real estate, and unless you -- fordham 11/15/2017 2:53PM
And those people make up the majority. ** -- HokieSignGuy 11/15/2017 1:05PM
Hey, we said they were rich, not smart. ** -- Stork 11/15/2017 12:18PM
It is amazing how many people don't plan for tomorrow ** -- daisyWV 11/15/2017 12:20PM
Probably higher -- Hokie in CT 11/15/2017 12:03PM
When my parents bought their first home... -- daisyWV 11/15/2017 12:16PM