What does that 'millionaire moment' feel like?

[Fishindude77]

I think the true definition is net worth, and yes that may include all of your real estate, investments, cash, etc. But reality is that a $1 mil net worth might not be all that big of a deal if half or more of it is tied up in your house and that's the going price of housing where you live.

[scfr]

Oh - yes! Thanks for posting!!! You're awesome!

Thanks. I'm glad I came across the "Financial Samurai" page. I like the way that guy thinks!

[JoeP]

That's a good question that's been argued over and over on this forum.

What is the true definition of a millionaire? Is it all assets? Is it all assets excluding your home? Should you include retirement accounts that you possibly don't have access to for 20 or 30 more years?

Yes, different definitions. Truth is, it is just a number. If someone celebrates based upon one definition, I don't think anyone is going to bust them or anything.