2 ms·
Sure, if you assume everyone has an equal chance in the running for millionaire. I don't think you are really competing with your waiter or bartender for that
by cobrausn 13y ago
Sure, if you assume everyone has an equal chance in the running for millionaire. I don't think you are really competing with your waiter or bartender for that coveted slot. Of course, you don't have the same odds as the VP of Department X either, so there's that.
- Jtsummers 13y agoIgnoring the odds part (becoming a millionaire isn't really, for most, a lottery), I was trying to point out the scale of the numbers. 1.7 million sounds like a lot of people, and it is. But it's a very small percentage of the total US population. Also, if you have a good 401k and are reasonably frugal and own your home, your net worth can (fairly) easily exceed $1 million in your lifetime. Your link also doesn't really say where in the spectrum of millionaires those new folks sit, or their ages, or the sort of work they did. Which (in the context of the now deleted post) makes it difficult to tell if they were people who struck it rich on investments and business (the temporarily embarassed millionaires), or just middle class folk that worked for 30 years and crossed a magic threshold.
- icedchai 13y agoA million isn't that much these days. You probably want at least 2 or 3 to be financially independent, able to live a comfortable life in perpetuity with minimal risk.