Comments on: Are You One of the 8.3 Million Millionaire Households? http://allfinancialmatters.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Wed, 23 May 2012 00:42:00 +0000 hourly 1 http://wordpress.org/?v= By: thc http://allfinancialmatters.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/comment-page-1/#comment-3207 thc Sat, 22 Apr 2006 18:25:15 +0000 http://allthingsfinancialblog.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/#comment-3207 Mrs. THC and I broke the million-dollar barrier (not including our house) back in 1999 and never looked back. I'm sure that most of our friends don't know and/or don't care. I thought is was a big deal for awhile, but it really isn't. About half of our investable assets are in retirement accounts, the other half in taxable accounts. We max out our 401(k)s and contribute to non-deductible IRAs. I try to put some into our joint brokerage account each month too. We invest mostly in stocks and stock mutual funds. I drive a nine year-old BMW and my wife has a '97 VW Passat, both were paid off years ago. We buy most of our groceries at Sam's and my suits come from Mens' Wearhouse. But we're not frugal. We enjoy nice things, travel and dining out. What fun is life if you are so fixated on saving that you don't enjoy the moment? Mrs. THC and I broke the million-dollar barrier (not including our house) back in 1999 and never looked back. I’m sure that most of our friends don’t know and/or don’t care. I thought is was a big deal for awhile, but it really isn’t.

About half of our investable assets are in retirement accounts, the other half in taxable accounts. We max out our 401(k)s and contribute to non-deductible IRAs. I try to put some into our joint brokerage account each month too. We invest mostly in stocks and stock mutual funds.

I drive a nine year-old BMW and my wife has a ’97 VW Passat, both were paid off years ago. We buy most of our groceries at Sam’s and my suits come from Mens’ Wearhouse. But we’re not frugal. We enjoy nice things, travel and dining out. What fun is life if you are so fixated on saving that you don’t enjoy the moment?

]]> By: anon http://allfinancialmatters.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/comment-page-1/#comment-3177 anon Fri, 21 Apr 2006 20:19:10 +0000 http://allthingsfinancialblog.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/#comment-3177 when you consider that a large number of the 8.3 million households worth $1 million or more probably have most of that money in retirement accounts, not day to day expense accounts, it's not so hard to fathom. when you consider that a large number of the 8.3 million households worth $1 million or more probably have most of that money in retirement accounts, not day to day expense accounts, it’s not so hard to fathom.

]]> By: The Real Returns http://allfinancialmatters.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/comment-page-1/#comment-3173 The Real Returns Fri, 21 Apr 2006 18:44:16 +0000 http://allthingsfinancialblog.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/#comment-3173 When I came across this statistic, I was shocked. 8.3 million millionaires is way too high considering there are close to 280 million people in USA. When I came across this statistic, I was shocked. 8.3 million millionaires is way too high considering there are close to 280 million people in USA.

]]> By: Vladimir Stojanovski http://allfinancialmatters.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/comment-page-1/#comment-3169 Vladimir Stojanovski Fri, 21 Apr 2006 16:37:35 +0000 http://allthingsfinancialblog.com/2006/04/21/are-you-one-of-the-83-million-millionaire-households/#comment-3169 I wander what the flipside is ... didn't they recently report that our overall savings rate was slightly negative for 2005? I wander what the flipside is … didn’t they recently report that our overall savings rate was slightly negative for 2005?

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