Who Are the 'Middle-Class Millionaires'?

Reader Comments
Back to article

A middle class millionaire can also be someone who has most of their capital invested in proposed business ventures. There is a period of time when we must live a middle class life because we are on the verge of taking business to the next step. For example, after owning various small businesses for a number of years, one may accumulate enough money to be considered upper-class. They have the means to buy a m

of 5:07PM September 11, 2009

What is the sence of not enjoying your hard earned money? If one works 80 hours a week and goes on vacation once every ten years, he would be dead much sooner than later.
The trick is to work hard. Save ten percent of your income, buy what you need not what you want, donate to charities your excess money, eat what is good for you and what you like but be happy with what you have and don't expect to have more than your neighbor.
If you and your family are happy with those traits then you are the richest person alive.

Ronal Zarb of NY 10:35AM November 28, 2008

Great article! I've been annoyed all my life by the people who work 40 hours a week, put 2 week vacations to exotic places each year on their credit cards, watch hours of TV each day, and complain about not having any money. My last vacation was in 1982 to Paris, France but, I only lived 3 hours away. I stopped watching TV in 1996 and am amazed at the money I have made and the things I have learned since.

Michael Whisman of WY 10:15AM August 29, 2008

>Middle Class Millionaires? If you're a millionaire you are
>not middle class. What the Hell are you on?
There are people with a net worth of over $1,000,000 that
do live a middle class lifestyle. Actually if you only have
a million it's hard to live the "rich" lifestyle for more
than a limited amount of time. Inflation will one day bring
us "poor millionaires" as the purchasing power of the currency
erodes. ^_-
I remember when I visited a friend who lives in California
in the year 2001 and he was telling me what houses sold for
down there. I realized that if I won the lottery and I moved
down there I'd have to keep working because a very large bite
of my capital would be tied up in the house. My friend doesn't
really have a lot, just he's able to keep up with his mortgage
because he makes several times the salary that I do, it
wouldn't suprise me if I had a higher net worth.

Glen Pearce 1:39AM August 29, 2008

Turn off your caps lock. And no, I can't believe you mentor someone who is 420 years old. Go see your doctor about a medication adjustment. Trolls live under bridges. Start there first.

Dash Rendar of MI 8:48PM August 28, 2008

Middle Class Millionaires? If you're a millionaire you are not middle class. What the Hell are you on?

J of ME 10:48AM August 28, 2008

Thank you for an honest article that portrays how hard work does pay well, if one knows how to take each day as it comes, and maintain sound financial plans. We are retired Military, we're blessed with 5 children and a dozen grandchildren. We have always placed our family first; and I believe that is how our blessings surround us ten-fold. I returned to college 2 years ago for my Masters Degree in Psychology, but my Father challanged me to go further, for a PhD, and I took on the challange! We are goal-setters and goal-getters, our grandchildren also realize that one is never too old to attend college. Thank you again for an interesting article! Dreams do come true~~Our beautiful home is on an island, and the next goal is our yacht~~

Chrissie of FL 5:09PM May 07, 2008

THANKS FOR PORTRAYING US SO PERFECTLY! AT 74 MY HUSBAND IS STILL WORKING THOSE 70 HOUR WEEKS BECAUSE HE LOVES MENTORING THE YOUNGER (420 TO 50 YEAR OLDS) WHO WANT TO LEARN. SINCE THE 70 HOUR WEEK HAS BEEN NORMAL IN OUR LIVES FOR 53 YEARS, WE DON'T THINK ANYTHING ABOUT IT. MAYBE WE SACRIFICE, BUT IT HAS BEEN A GOOD CHOICE. WE STILL TRAVEL, OWN TWO HOMES, LOVE SURPRISING OUR TWO CHILDREN, THEIR SPOUSES AND OUR FIVE GRANDCHILDREN. ONLY IN AMERICA................

MARY D. BARNARD of TX 4:58PM May 05, 2008