Friday, August 16, 2013

$5 Million Needed to Feel Wealthy

It now takes more than a million dollars for most people to feel wealthy.

What Does It Take to Be Wealthy? $5 Million reports that 60% people start feeling wealthy when they have over $5 million in investable assets, not including their home.    Being wealthy was defined as "having no financial constraints on what they can do."   In addition, the wealthy believed that keeping 20% of their assets in cash was important for financial security.

For reference, only 28% of those with $1 million to $5 million of investable assets considered themselves wealthy.

For more on Reaping the Rewards, check back every  Friday  for a new segment.

This is not financial advice. Please consult a professional advisor.

Copyright © 2013 Achievement Catalyst, LLC

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