this post was submitted on 28 Oct 2024
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Today I Learned (TIL)

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cross-posted from: https://feddit.org/post/4199810

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[–] [email protected] 4 points 20 hours ago* (last edited 20 hours ago)

Millionaire refers to total wealth or cash on hand, not annual salary. Someone making $1M a year is probably worth $100M+ if they own stocks and may be well on their way to billionaire.