Reply #34: There's is a HUGE difference between a net worth of 1 million and 30 million. [View All]

[The Doctor.]

It boils down to liquidity. While a million is a good threshold, it doesn't translate into liquidable assets the way that 30 million does.

A million dollars net worth still means you have to budget for things like housing costs, energy, and gasoline... it just makes it easier to do things you like to do.

30 million net worth means you have funds set up whose interest pays for everything you need to get by... hence, there's little budgeting necessary.

A million net worth is nice, but it's merely upper middle class. 30 million net worth is high class bucks.