So I’ve taken this challenge to become a Millionaire but I’ve realized that my goal is not well defined. What exactly makes someone a Millionaire? What’s going to make me a Millionaire?

I looked it up on Wikipedia, and I stopped at about the 4th line because I stumbled across a major typo in their definition. Hopefully you guys can enjoy the laugh before the mistake gets noticed: en.wikipedia.org/wiki/Millionaire

Anywho. How do I define my Millionaire status?

After some research, I’ve decided to call myself a Millionaire when I achieve $1 million in net assets, not including my primary residence or fixed assets like cars and diamond earrings. So there. It’s final. I need $1 million in total assets-not including my primary residence. It’s a little harder to achieve, but we make goals to have something to strive for.

Speaking of Hard to Achieve

To see if I’m on track I checked out that MyPlan Snapshot Fidelity site that I seen advertised online and TV.

www.fidelity.com/myplan
(turn off volume to avoid annoying man speaking)

They ask you a few questions and then show you this chart to see if you are on track to have enough for retirement. The narrator’s voice gets annoying real fast, so I recommend shutting off the volume. When the results came up, I was surprised. It looks like I’m on the right track IF the stock market performs average over the next 40 years. The surprising thing is that the site says I need over $2 million to retire! WTF!

My Goal: $2,224,000 (as defined by Fidelity’s site)