Comments on: List of Millionaire Prerequisites

By: The Million Dollar Club & Millionaire To-Do List! | Budgets Are Sexy

The Million Dollar Club & Millionaire To-Do List! | Budgets Are Sexy — Thu, 15 Dec 2011 21:20:44 +0000

[...] The Financial Blogger –> Financial Blogger’s millionaire list [...]

By: Steve Zussino

Steve Zussino — Tue, 22 Dec 2009 23:46:39 +0000

I know what you mean about inflation and the million not being what it used to be but it is great to be ahead instead of looking behind always.

By: The Financial Blogger

The Financial Blogger — Tue, 22 Dec 2009 18:47:11 +0000

@Bill,

You are right, this include all your asset.

as you can see, 10 years is not enough to become a millionaire (maximum contribution in RRSP is 22K per year, which make 220K + yield).

However, most people that start saving at a young age (25-35) can aim to become millionaire by 55.

I don’t think it is necessary to have 1M$ cash to be called a millionaire, but it sure impresses more

By: J. Money

J. Money — Tue, 22 Dec 2009 18:10:11 +0000

Looks good my brotha! Welcome to the club – you’re now officially Member #20

PS: Your online company include this blog, or is it a separate thing you got going on? Would love to hear more if possible…holler over via email if you ever wanna chat/partner up down the line – j at budgetsaresexy dot com

By: bill

bill — Tue, 22 Dec 2009 15:56:09 +0000

So what you are calculating here is net worth to be a millionaire. Not sure ones net worth constitutes being a millionaire. If this is the case, I would think that anyone that owns a house, contributes to RRSP’s and has a pension plan will likely be a millionaire easily within 10 years.