{"id":6144,"date":"2011-05-13T14:28:00","date_gmt":"2011-05-13T20:28:00","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=6144"},"modified":"2011-05-13T14:28:00","modified_gmt":"2011-05-13T20:28:00","slug":"millionaire","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2011\/05\/13\/millionaire\/","title":{"rendered":"Millionaire?"},"content":{"rendered":"<p>I have heard this <strong class='StrictlyAutoTagBold'>several times<\/strong> recently (we took the <strong class='StrictlyAutoTagBold'>Dave Ramsey<\/strong> course too) and when I found it written again, felt it was worth a post.\u00a0 There is a real difference in <strong><span style=\"text-decoration: underline;\"><strong>MULTI<\/strong>-Millionaire<\/span><\/strong> and Millionaire.<\/p>\n<p>Being a Millionaire is most likely not as outwardly apparent as it used to be.\u00a0\u00a0 Maybe we <strong class='StrictlyAutoTagBold'>need<\/strong> to <strong class='StrictlyAutoTagBold'>change<\/strong> the term to fit the times? It appears the perception of 30 or 40 years ago still holds but it doesn\u2019t hold as much as it used to.\u00a0\u00a0 &#8211; WD0AJG<\/p>\n<p>\u201cFor example, we generally envision millionaires as Bentley-driving, mansion-owning, Tiffany-<strong class='StrictlyAutoTagBold'>shopping<\/strong> members of exclusive country clubs. And, indeed, research reveals that the &#8220;glittering rich&#8221; &#8211; those with a net worth of <strong><span style=\"text-decoration: underline;\">$10 million or more<\/span><\/strong> &#8211; often meet this description.<\/p>\n<p>But most millionaires &#8211; individuals with a net worth of $1 million or more &#8211; live an entirely different lifestyle. Stanley found that the vast majority:<\/p>\n<ul>\n<li>Live in a house that cost less than $400,000.<\/li>\n<li>Do not own a second home.<\/li>\n<li>Have never owned a boat.<\/li>\n<li>Are more likely to wear a Timex than a Rolex.<\/li>\n<li>Do not collect <strong class='StrictlyAutoTagBold'>wine<\/strong> and generally <strong>pay<\/strong> less than $15 for a bottle.<\/li>\n<li>Are more likely to drive a Toyota than a Beemer.<\/li>\n<li>Have never paid more than $400 for a suit.<\/li>\n<li>Spend very little on prestige brands and luxury items.<\/li>\n<\/ul>\n<p>This is certainly not the traditional image of millionaires. And it makes you wonder, who the heck is buying all those Mercedes convertibles, <strong class='StrictlyAutoTagBold'>Louis Vuitton<\/strong> purses and $60-bottles of <strong class='StrictlyAutoTagBold'>Grey Goose<\/strong> vodka? The answer, according to Dr. Stanley, is &#8220;aspirationals,&#8221; people who act rich, want to be rich, but really aren&#8217;t rich.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have heard this several times recently (we took the Dave Ramsey course too) and when I found it written again, felt it was worth a post. There is a real difference in MULTI-Millionaire and Millionaire.<\/p>\n<p>Being a Millionaire is most likely not as outwardly apparent as it used to be. Maybe we need to change the term to fit the times? It appears the perception of 30 or 40 years ago still holds but it doesn\u2019t hold as much as it used to. &#8211; WD0AJG<\/p>\n<p>\u201cFor example, we generally envision millionaires as Bentley-driving, mansion-owning, Tiffany-shopping members of exclusive country clubs. And, indeed, research reveals that the &#8220;glittering rich&#8221; &#8211; those with a net worth of $10 million or more &#8211; often meet this description.<\/p>\n<p><a href=\"https:\/\/www.ishmaels.net\/blog\/2011\/05\/13\/millionaire\/\">&#8220;And Now the Rest of the Story &#8211; &#8220;Millionaire?<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[13],"class_list":["post-6144","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bbs","odd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millionaire? - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2011\/05\/13\/millionaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millionaire? - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"I have heard this several times recently (we took the Dave Ramsey course too) and when I found it written again, felt it was worth a post. There is a real difference in MULTI-Millionaire and Millionaire. Being a Millionaire is most likely not as outwardly apparent as it used to be. Maybe we need to change the term to fit the times? It appears the perception of 30 or 40 years ago still holds but it doesn\u2019t hold as much as it used to. &#8211; WD0AJG \u201cFor example, we generally envision millionaires as Bentley-driving, mansion-owning, Tiffany-shopping members of exclusive country clubs. 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Pulled this bit of\u00a0 good information from a financial letter I get (of all places)\u2026 The Retirement Millionaire.\u00a0 Not all their letters are expensive \u2013 some you can get for like $49 a year if you play it right,\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":844,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/06\/26\/6262010\/","url_meta":{"origin":6144,"position":2},"title":"6\/26\/2010","author":"wd0ajg","date":"June 26, 2010","format":false,"excerpt":"On the way home... well after a little morning activity... Our niece is in her first year of 4H with a horse. She is doing all the \"horse\" things they do - showmanship, riding, etc... Emily and the horse show\"] We stayed for the first session but her activities would\u2026","rel":"","context":"In \"Christmas Letters\"","block_context":{"text":"Christmas Letters","link":"https:\/\/www.ishmaels.net\/blog\/tag\/christmas-letters\/"},"img":{"alt_text":"P6260070","src":"https:\/\/i0.wp.com\/box5128.temp.domains\/~ishmaels\/blog3\/wp-content\/uploads\/2018\/11\/P6260070_thumb.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":57579,"url":"https:\/\/www.ishmaels.net\/blog\/2015\/06\/04\/politician-maybe-they-should-all-be-hung-or-shot\/","url_meta":{"origin":6144,"position":3},"title":"Politicians\u2026 maybe they should all be hung or shot?","author":"wd0ajg","date":"June 4, 2015","format":false,"excerpt":"You\u2019re (Probably) a Federal Criminal BY BILL BONNER, CHAIRMAN BONNER & PARTNERS Imagine our delight! \u201cCrony Hung in Own Noose\u201d is the headline we would have put on the story. The New York Times has the report: J. Dennis Hastert, who served for eight years as speaker of the House\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"Diary of a Rogue Economist","src":"https:\/\/ci5.googleusercontent.com\/proxy\/RvxWHWPqzYy7KyABNiusMzVJLoSbg81hFrbXdGKEeelFQqxNbMsZ3GRIIf6uaW4HU3ievGil1awgxPE98KTIN5ZMleFhU2YJS172H5_QroECZ5aGVvjwRRMtfFjlOQ=s0-d-e1-ft#http:\/\/bonnerandpartners.com\/wp-content\/uploads\/2015\/05\/DRE-dre-logo.gif","width":350,"height":200},"classes":[]},{"id":18310,"url":"https:\/\/www.ishmaels.net\/blog\/2014\/09\/02\/time-has-passed-us-by\/","url_meta":{"origin":6144,"position":4},"title":"Time has passed us by\u2026","author":"wd0ajg","date":"September 2, 2014","format":false,"excerpt":"Well, this past weekend was Labor Day weekend\u2026 in the past it was a time to get in and watch hours of the Jerry Lewis MDA telethon\u2026 we were sometimes glued to see what would come up next\u2026 but that has gone away with the times\u2026\u00a0 they still have a\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"photo_4_t318","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/09\/photo_4_t318_thumb.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10433,"url":"https:\/\/www.ishmaels.net\/blog\/2012\/03\/12\/other-interesting-things-we-take-for-granted\/","url_meta":{"origin":6144,"position":5},"title":"Interesting things seen and we take for granted","author":"wd0ajg","date":"March 12, 2012","format":false,"excerpt":"in travel I usually take a lot of things for granted but I do see them\u2026 I am so used to sign in the USA that I miss some of the difference in other countries but saw this and it caught my eye\u2026 It\u2019s art and a wind vane? Railroad\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"wind vane","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2012\/03\/wind-vane_thumb.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts\/6144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/comments?post=6144"}],"version-history":[{"count":0,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts\/6144\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/media?parent=6144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/categories?post=6144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/tags?post=6144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}