Tuesday, September 10, 2013

Do You Have What It Takes to Be a Millionaire?


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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