Why Is $1 Million Such an Important Milestone?
My multimillionaire friend recently informed me that during August, his household's net worth passed a new milestone: $4 million. That's an impressive level that puts his family somewhere in the neighborhood of the top 4% of households nationwide.
While that is an impressive level of wealth to reach, what makes it worthy of sharing is the fact that his family's financial journey showcases why reaching that first $1 million milestone is so very important. Even in today's world where a million bucks isn't worth what it used to be, reaching that first $1 million of net worth represents a key breakthrough on any successful investor's wealth-building path.
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Source Fool.com
