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426 | Breaking Free from Broke
The Minimalists
Understanding the Net Worth of a Millionaire
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Being a millionaire is not about making a million dollars per year, but rather having a net worth of a million dollars or more. This includes assets like equity in a house, retirement accounts, savings accounts, and the value of cars. People often demonize millionaires without fully understanding the definition of being a millionaire based on net worth.
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