ExpatJ Posted July 25, 2011 Share Posted July 25, 2011 Just came back from the pub- was having an arugement with a friend- what makes someone a millionaire? Having a million in cash? Or having a million in assets e.g. including value of house, investments, stocks etc? Link to comment Share on other sites More sharing options...
Dag Posted July 25, 2011 Share Posted July 25, 2011 A million in anything....except baht and rupees i guess. Link to comment Share on other sites More sharing options...
skippybangkok Posted July 25, 2011 Share Posted July 25, 2011 Million Dong ? Link to comment Share on other sites More sharing options...
manarak Posted July 25, 2011 Share Posted July 25, 2011 OP: now please just tell us who supported the view that the million has to be in cash? (apart ffrom the fact that a million doesn't mean much nowadays) Link to comment Share on other sites More sharing options...
givenall Posted July 25, 2011 Share Posted July 25, 2011 They are Dime a dozen these days. Money is not what used tobe Link to comment Share on other sites More sharing options...
ExpatJ Posted July 25, 2011 Author Share Posted July 25, 2011 US dollars not dildoes:) Link to comment Share on other sites More sharing options...
gregb Posted July 25, 2011 Share Posted July 25, 2011 was having an arugement with a friend- what makes someone a millionaire Ben Bernanke creating hyperinflation Link to comment Share on other sites More sharing options...
WilliaminBKK Posted July 25, 2011 Share Posted July 25, 2011 One Million in assets you can touch or sell, house, cash, term deposits etc. I believe on 1% of the population actually attain being a millionare, could be wrong so I will continue with lotto. Link to comment Share on other sites More sharing options...
BigRick Posted July 26, 2011 Share Posted July 26, 2011 1 million in positive assets including stocks,land assets. Chances are if someone has a million + its not sitting in a bank collecting 1% interest it is invested in bonds, CD's treasury notes etc etc. Link to comment Share on other sites More sharing options...
meatboy Posted July 26, 2011 Share Posted July 26, 2011 ONE IN A MILLION,A GORGEOUS THAI WIFE WITH HER HEAD SCREWED ON,THAT MAKES A MILLIONAIRE. Link to comment Share on other sites More sharing options...
lazygourmet Posted July 26, 2011 Share Posted July 26, 2011 Someone who never talks about it... Link to comment Share on other sites More sharing options...
sbergin Posted July 26, 2011 Share Posted July 26, 2011 1m+ in combined assets, excluding the family home. Link to comment Share on other sites More sharing options...
bushwacker Posted July 26, 2011 Share Posted July 26, 2011 Someone who never talks about it... Right On! Link to comment Share on other sites More sharing options...
khunPer Posted July 26, 2011 Share Posted July 26, 2011 A (dollar) millionaire is defined by Forbes as 1 mio. (USD) nett assets, excluding the primary home. @ lazygourmet: Yes, you are right. Remind me of a British saying (must be from the filthy rich there): "Money is something you have, not something you talk about!" Link to comment Share on other sites More sharing options...
furyrider Posted July 26, 2011 Share Posted July 26, 2011 Just came back from the pub- was having an arugement with a friend- what makes someone a millionaire? I would say if you both have to argue about it you are both to far away from being one so why argue about it. Link to comment Share on other sites More sharing options...
Dag Posted July 26, 2011 Share Posted July 26, 2011 Just came back from the pub- was having an arugement with a friend- what makes someone a millionaire? I would say if you both have to argue about it you are both to far away from being one so why argue about it. Why is that ?? maybe they are closer to it than you and they were trying to figure out who got there first......as to pass the bar tab to the most worthy. Link to comment Share on other sites More sharing options...
cloudhopper Posted July 26, 2011 Share Posted July 26, 2011 How they look at it in the US - http://ampedstatus.org/who-rules-america-an-investment-manager-breaks-down-the-economic-top-1-says-0-1-controls-political-and-legislative-process/ Link to comment Share on other sites More sharing options...
WarpSpeed Posted July 26, 2011 Share Posted July 26, 2011 4 loaves of bread in Zimbabwe ... Link to comment Share on other sites More sharing options...
PattayaParent Posted July 26, 2011 Share Posted July 26, 2011 what makes someone a millionaire? Having a million in cash? Well that would exclude Warren Buffet, Bill Gates, Donald Trump for starters. Link to comment Share on other sites More sharing options...
flying Posted July 26, 2011 Share Posted July 26, 2011 what makes someone a millionaire? Having a million in cash? Well that would exclude Warren Buffet, Bill Gates, Donald Trump for starters. Oh I dont know about that..... You would be surprised how many have a mill in cash & much more. Recently on CNBC they showed a ATM slip someone found on the street... Wall Street of course But anyway it showed the owner withdrew $400 that day leaving a remainder of just a few dollars shy of 1 million in their account. Link to comment Share on other sites More sharing options...
el jefe Posted July 26, 2011 Share Posted July 26, 2011 Why are "millionaires" only defined and denominated in dollars? Is an Italian with 689.000 Euros a millionaire? Is someone from New Zealand with 1.1 mil NZ dollars still a little short of being a millionaire? I converted $120 US in Laos and became an instant millionaire. A millionaire is whatever you want it to be. Since most paper currencies are heading towards worthlessness, maybe a millionaire is someone with a million ounces of gold? Link to comment Share on other sites More sharing options...
flying Posted July 26, 2011 Share Posted July 26, 2011 (edited) Why are "millionaires" only defined and denominated in dollars? Is an Italian with 689.000 Euros a millionaire? Is someone from New Zealand with 1.1 mil NZ dollars still a little short of being a millionaire? I converted $120 US in Laos and became an instant millionaire. A millionaire is whatever you want it to be. Since most paper currencies are heading towards worthlessness, maybe a millionaire is someone with a million ounces of gold? Mainly because the USD is the Wold Reserve Currency Of course you can convert any currency to USD & when you reach 1 million your there As for gold ( it too has a world spot price )you only need 61,728 ounces (at todays price) to be a millionaire Edited July 26, 2011 by flying Link to comment Share on other sites More sharing options...
cloudhopper Posted July 26, 2011 Share Posted July 26, 2011 Whoa dude and here I was thinking that only 618 was enough to get in the club... Link to comment Share on other sites More sharing options...
Naam Posted July 26, 2011 Share Posted July 26, 2011 As for gold ( it too has a world spot price )you only need 61,728 ounces (at todays price) to be a millionaire something wrong with your calculator Flying? Link to comment Share on other sites More sharing options...
Naam Posted July 26, 2011 Share Posted July 26, 2011 CH beat me by 3.987 seconds Link to comment Share on other sites More sharing options...
flying Posted July 26, 2011 Share Posted July 26, 2011 (edited) Whoa dude and here I was thinking that only 618 was enough to get in the club... something wrong with your calculator Flying? :lol: ok sorry ....that will teach me not to type without enough coffee in my brain Edited July 27, 2011 by flying Link to comment Share on other sites More sharing options...
churchill Posted July 27, 2011 Share Posted July 27, 2011 (edited) The time I most felt like a millionaire was when I was a Trainee working in Paris earning a basic wage and tips - Renting and only taking care of No1 - No worries .. just fun I think later in life to be classed as a millionaire one also has to have no cash worries and be able to enjoy life ... There are many millionaires who are asset rich and cash poor with too much borrowing , which does not lead to a happy life and in my book does not mean one can be classed as a Millionaire ..... Edited July 27, 2011 by churchill Link to comment Share on other sites More sharing options...
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