I'd say the author of the article doesn't have a very good grasp of this concept. There is a vast difference between, as she says, "1.2 million" and "20 millio

I'd say the author of the article doesn't have a very good grasp of this concept. There is a vast difference between, as she says, "1.2 million" and "20 million." 20 million is "screw you" money. In that someone could quit everything they do, and live their whole life very comfortably on the wealth they have in hand, by paying cash for their house, setting aside a million in rainy day money, and putting the rest into very low risk bonds. 1.2 million is just enough money to get someone in trouble if they make a few mistakes. Buy an expensive house in the wrong place? Not a millionaire anymore. Ill-timed stock returns that turn south around the first of the year? Not a millionaire anymore. Try to start another business that doesn't pan out? Not a millionaire anymore. There's a million ways (pun intended) for someone with 1.2 million dollars to find themselves fast running out of money. Someone with 20 million? Not so much.