1 million might be a tad on the low side. If you own a nice 3 bedroom 2 bath family home depending on location that could be $500k or even $700k all on its own. It doesn’t take much to get to 1 million from there. Toss in a couple nice but not fancy cars and that’s another $50k easily if not $100k, then the value of all your other possessions, and maybe a decent retirement account and you’re basically there.
2 million on the other hand, and that’s well into “rich” territory (but sadly barely even moves the needle of the ultra wealthy like the Koch brothers or Jeff Bezos).
1 million might be a tad on the low side. If you own a nice 3 bedroom 2 bath family home depending on location that could be $500k or even $700k all on its own. It doesn’t take much to get to 1 million from there. Toss in a couple nice but not fancy cars and that’s another $50k easily if not $100k, then the value of all your other possessions, and maybe a decent retirement account and you’re basically there.
2 million on the other hand, and that’s well into “rich” territory (but sadly barely even moves the needle of the ultra wealthy like the Koch brothers or Jeff Bezos).