Understanding Millionaire Status

**Billionaire.** Being a millionaire means you’ve officially crossed the million-dollar mark in net worth.

In simple terms, that’s all your assets minus your liabilities adding up to at least one

million dollars. Think of it as having a huge, seven-figure piggy bank with your name

on it. Practically speaking, this could include a nice home, solid investments

in stocks or real estate, maybe even a yacht if you’re feeling a little extra.

At this level, you can live comfortably without stressing over everyday expenses. You might treat

yourself to a few luxuries—holidays, premium gadgets, the occasional splurge—but most of your wealth

is probably working quietly in the background, growing through smart investments. After all,