It may not come as a surprise to anyone, but we are actually already millionaire.
(No that is not a typo, it is millionaire with no “S” because it is only one million for the two of us.)
“Only”, you scoff. I hear ya.
If you had told me years ago that I’d find a million to not be enough I would have given you a face and a “whatchu talkin’ ‘bout, Willis?” look.
Anyway, my partner and I with our combined net worths, are in the million dollar range, a little over it actually.
And yes, even with all of my insane shopping!!!
We somehow manage to squeak by the million dollar threshold, and luckily we also own our place outright, so we are mortgage free right now with a good 30 years left of horse work in us.
BUT…THERE’S ALWAYS A BUT
This is going to sound like a major #FirstWorldProblem but we don’t feel like millionaires. We really don’t.
I guess it’s true that the rich only seem to get richer, but we really don’t feel like the word ‘millionaires’, yet here we are.
A lot of our net worth, about $600,000 of it, is in a home, so technically if you took our home out, we aren’t millionaires, we only have $400,000+ saved between the two of us with 30 years of horse whipping to go.
That still isn’t bad by any stretch of the imagination, but it puts it all into perspective at least of one of the reasons why we don’t feel like the word, ‘millionaire’.
Also, I tend to report on only my net worth, not my partner’s, so there’s that too.
MILLIONAIRES SPEND WAY MORE THAN WE DO, DON’T THEY?
Millionaires I guess to me, are people who lounge on yachts, eat gourmet meals everyday made by their chefs and bathe in champagne because they can (doesn’t the alcohol dries out your skin though?…hmm).
They also take lots of vacations, and drive super fancy cars, spend like there is no tomorrow (oh wait… about that….) … And get massages and facials weekly, at least!
We or at least I, don’t do any of that. I’m not going to a spa weekly though I’d love to, and I’m spending a lot of money but I’m actually not spending “with abandon” as the feeling of the essence of the word “millionaire” might imbue you with.
If I were a “millionaire”, there is sooooooo much more I want to buy.
….I’m only half kidding.
Maybe I’m thinking of billionaires, not millionaires, and especially not our kind of millionaire, where we only have one paltry million in net worth amongst the two of us.
Luckily, my plan is to save more than a million by the time I retire. I plan on working on and off, and eventually saving $3 million in liquid assets on top of what I own in the home ($300,000).
Why $3 million? Two seems like enough but I’m sort of the type that likes to over plan and be overly conservative so $3 million seems like a nice, safe number where I can continue my shopping habit happily and take a yearly month-long vacation to Europe to see family.
I’m also not killing myself by any stretch of the imagination to save that $3 million by myself, and I plan on enjoying myself along the journey.