• grue@lemmy.world
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    1 year ago

    Yeah, “millionaire” just means “having $40k/year to spend in retirement.” Nowadays, literally every American should become a millionaire by the time they retire. It is very much no longer the flex it was a century ago.

    • snooggums@kbin.social
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      1 year ago

      Self-made millionaire” is not referring to people who have a solid retirement based on investments. It is referring to people who started a business and became rich early in their career.