A million calculated how? I only ask because if it’s just raw net worth, a little old lady who has lived in her house in Toronto since the 70s, could easily be a “millionaire” despite having never had anything more than a modest income.
Personally, I’d put the limit somewhere around $3 - $5 million. There’s where you are really transitioning out from simply living a lifetime of middle class income and getting lucky with a couple investments.
A million calculated how? I only ask because if it’s just raw net worth, a little old lady who has lived in her house in Toronto since the 70s, could easily be a “millionaire” despite having never had anything more than a modest income.
Personally, I’d put the limit somewhere around $3 - $5 million. There’s where you are really transitioning out from simply living a lifetime of middle class income and getting lucky with a couple investments.