A million dollars isn't what it used to be. In my town, if you bought an average house, and then bought a second income property, you would be worth a million dollars on that alone once they were paid off. Still a longterm proposition on 30 year mortgages, but, well within most everyones ability.
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@whispertamesth1 you've got the right idea my friend! In my book, "Broke To A Quarter-Million" I talk about the principle of buying 1 house per year for 5 years. That builds your wealth relative to the cost of homes in your market.
Who knows. maybe $5MM will be the new Millionaire after all this money printing. I personally know that having a couple million in assets doesn't make you feel rich at all... It's just enough to have financial freedom, but you would need tens of millions to live that rockstar lifestyle, lol
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