What do you mean by millionaire ? To me you're a millionaire when you have one million of assets excluding your residence. That's a lot of money but that's no

What do you mean by millionaire ? To me you're a millionaire when you have one million of assets excluding your residence. That's a lot of money but that's not quite the same as having forty millions. Reaching the one-million bar requires a lot of hard work, reaching the forty-millions bar requires a lot of hard work and sacrifices. If your friends still have a regular job they're most likely at the first bar only.