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Feel Rich With A Million Bucks?

Sometimes I feel rich when I have a little extra cash at the end of the month.. Check out this article from Wisebrother.com.    money42% of American Millionaires say they don’t feel rich, they would  need at least $7.5 Million!

According to a survey by Fidelity Investments of more than 1,000 millionaires, 42% of them, or more than two out of five, say they DON’T FEEL RICH.

When the survey asked how much it would take to feel rich, the average came out to $7.5 million.  So if you’ve only got $7 million, you might as well start eating ramen noodles and driving around looking for used furniture.

The average person in the survey was 56 years old and had an average of $3.5 million.

For the survey, people’s wealth was based on their investable assets, not counting any real estate or retirement accounts.

Sanjib Mirchandani is the president of National Financial, which is a unit of Fidelity.  He says, quote, “Every person in the survey is wealthy.  But they are still worried about outliving their assets.”

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