Half of the millionaires interviewed did not live in high-status neighborhoods.
(Try this online calculator to simplify the math.) After you have a sum total, subtract your liabilities, which include the balance of your mortgage and car loans, credit card balances and other outstanding debts. If you'd like to see how close you are to becoming a millionaire, figure your own net worth by adding the value of your assets: your home, its furnishings, your cars, bank accounts and investments. Using the latter, you get 28.6 million millionaires on the planet. Using the former definition, there were 11 million millionaires in the world in 2011. This net worth could include the value of your primary residence, money that's been invested in real estate or trust funds (known as non-liquid assets), and cash, stocks or bonds ( liquid assets). On the other hand, international mega-bank Credit Suisse defines it as someone with a net worth of at least $1 million. RBC Wealth Management and consulting firm Capgemini who produce the World Wealth Report say it is someone who has $1 million or more in investible assets - not including items like your primary home or consumable goods you own. Millionaires are defined in different ways.
