Whether having $4 million makes you rich is subjective and depends on various factors.
Here are some factors to consider:
- Location: The cost of living varies significantly across the world. $4 million might be considered wealthy in some countries but not in others.
- Lifestyle: Your spending habits and lifestyle choices influence how much you need to be considered wealthy.
- Financial Goals: Your financial goals, such as retirement planning, education, or travel, determine how much you need to feel financially secure.
- Net Worth: Your net worth, which includes assets like property and investments, provides a more accurate picture of your wealth than just cash on hand.
Ultimately, the definition of "rich" is personal and depends on your individual circumstances.
