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But being a millionaire in today's world is not being rich or wealthy. Millionaire Next Door was published *25 years ago*. To be relevant today it should be ti
by Swannie 5y ago
But being a millionaire in today's world is not being rich or wealthy. Millionaire Next Door was published *25 years ago*.
To be relevant today it should be titled "Multi-Millionaire* Next Door (* Net worth > 5M)".
I'm sure for a lot of people 1M sounds like a lot, but when a majority of your wealth is tied up in your house - a much much larger % of a 1M dollars today than even 15 years ago - it's not working for you.
(Though, I concede that today, you have the option of refinancing and putting that capital to work, as interest rates are low).