Having a million bucks these days isn’t as rare as you might think. In fact,
according to Phoenix Marketing International, a firm that tracks the affluent
market, more than 5% of U.S. households have investable assets of $1 million or
more.
That's only one way to measure if someone's a millionaire, of
course. A net worth of $1 million also qualifies; subtract liabilities,
including mortgages and car loans, from assets, including home equity and
retirement savings, to determine your net worth. Either way, hitting the
million-dollar mark is no small feat.
Do you have what it takes to be a
millionaire – and will you know how to live the good life when you become one?
Take our quiz to find out the (often surprising) answers.
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