Being a Millionaire Isn't Enough Anymore -- This is Why

Being a Millionaire Isn't Enough Anymore -- This is Why

Having $1,000,000 or more used to be a sign of great wealth but that’s simply not the case today. Even if being a millionaire doesn’t promise a lavish lifestyle, it should still be enough to live comfortably with a sizable amount of discretionary income, right? Well, $1,000,000 might not even be enough to retire in many cases but some clever strategies could stretch that $1,000,000 much further. Fortunately, once you become a millionaire it’s incredibly easy to achieve the second, third and fourth million. Let’s take a look at what you could expect your finances to look like with a net worth of $1,000,000, what type of income that would produce and what steps to take now to get there.