So, I am a millionaire. What do I have to show for it?

[TinyEvel]

Do you get that Social Security "Lifetime Earnings Summary" thing in the mail?
Basically, it shows your SS earnings for your lifetime and estimates what you'd get back if you retired in XXXX year, etc.

Well, I got out the calculator and, God Bless me, I've earned a million U.S. dollars in my lifetime.

Now, you'd think I would be sitting in the back of a Rolls Royce limo with a tophat and tails and suhweet mustache like that Monopoly game guy, right? Because the seven figures is your ticket to riches and bathing in mother's milk with rose petals.

NO!

I have....
a VW Camper van (needs new front end)
About 20 percent of a decent home.
10,000 in Evel Knievel collectibles
An iPhone
Some decent threads and my wife has about 10 feet of closet stuff
Timex Ironman watch
Converse shoes
A Dolce and Gabana Belt
A really big TV and a PS3
A decent road bike
...

...

uh, some other stuff......

WTF? right?


I feel lliek the cobbler who has no shoes.


case in point...
SAVE YOUR MONEY

it is WAY better than watching your kid open the fifth Wii game on holiday morning. One friggen Wii game is enough!

rant over

[Sure-Oz]

Originally Posted by DaneMcCloud

It's only $50k per year for 20 years. It's not like it's unattainable.

What guru said id just like a mill in the bank hehe

[Rain Man]

Originally Posted by DaneMcCloud

Being a "millionaire" to me means earning at least one million per year or more.

Having assets of one million dollars doesn't really mean much because if you cash those assets in, you have no assets.

Other than a million dollars in cash. That's an asset.

I always thought traditionally that being a millionaire means having a million dollars in assets, but you can't retire on a million dollars in assets unless you're more than 95 years old.