See the top rated post in this thread. Click here

View Poll Results: Are You a Millionaire?

Voters
42. You may not vote on this poll
  • Yes, I'm a Millionaire

    17 40.48%
  • No, I'm Not a Millionaire

    25 59.52%
Page 1 of 11 123 ... LastLast
Results 1 to 10 of 107

Thread: Are You a Millionaire?

  1. #1


    Did you find this post helpful? Yes | No

    Are You a Millionaire?

    I just recently seen on the news that now 1 in 20 Americans are millionaires. I'm just wondering how the blackjack community compares with the national average. There is a good chance the person sitting next to you at the blackjack table is a millionaire.

    In deciding if you are a millionaire include the equity in your home and cars in you net worth along with other investments.

    My feeling is this poll will show less than the national average of millionaires simply because so many folks here are young and you need time to build wealth and generally need to be fairly old to receive an inheritance. If this same question was posted over at BJ21 I'm guessing the results would be quite different.

    PS. I'm not a millionaire, and doubt if I will ever be one. However, if I took my pension as a lump sum amount instead of an annuity I would have been close. Then the 2008 stock market crashed.
    Last edited by Midwest Player; 11-19-2017 at 12:07 AM.

  2. #2


    Did you find this post helpful? Yes | No
    I think people have a tendency to think a million+ net worth is more than it really is. It wouldn't have surprised me if the number was (were?) higher than 1 in 20.
    "Everyone wants to be rich, but nobody wants to work for it." -Ryan Howard [The Office]

  3. #3


    Did you find this post helpful? Yes | No
    Millionaires may play blackjack but blackjack players are not going to be millionaires playing blackjack.

  4. #4


    Did you find this post helpful? Yes | No
    This number can be skewed based on your region where you live. For example, a 1600 sq ft house in CA may be valued at 600K but in OK it's 200K. There's a big difference there. So if that national poll included real estate, many in NY, MA, CA and other states with high real estate would easily fall in the 1 Million+ category.

    Then there are salaries. A computer person in San Francisco will make a lot more than one in Iowa. So the person in SF would have more base money overall, but the expenses in SF are much greater too. So would that really wash?

    I wonder how many that claimed to be millionaires can stay in that category with just assets excluding their primary home/mortgage. And still a COLA (Cost of Living Allowance) value might have to be applied.

    So I guess it's all relative.

    Still, a million is a lot of dough...

  5. #5
    Senior Member
    Join Date
    Dec 2011
    Location
    3rd rock from Sol, Milky Way Galaxy
    Posts
    14,386


    Did you find this post helpful? Yes | No
    Quote Originally Posted by VABJ View Post
    Still, a million is a lot of dough...
    Not anymore.

  6. #6
    Senior Member drunk's Avatar
    Join Date
    Aug 2014
    Posts
    1,566
    Blog Entries
    1


    0 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    many, many people here will not want to answer that question.

    it's just too personal even for people who just use an internet alias.

    there are certain questions that are just not proper to ask people.

    your question is one of them.
    a rich man's foolish sayings pass as words of wisdom to the fools around him

  7. #7


    0 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by drunk View Post
    many, many people here will not want to answer that question.

    it's just too personal even for people who just use an internet alias.

    there are certain questions that are just not proper to ask people.

    your question is one of them.
    Plus one!

  8. #8


    Did you find this post helpful? Yes | No
    Quote Originally Posted by drunk View Post
    many, many people here will not want to answer that question.

    it's just too personal even for people who just use an internet alias.

    there are certain questions that are just not proper to ask people.

    your question is one of them.
    Fair enough comment - though the sampling is small, the ratio is interesting. Interesting comments were also made in regards value of ones home, which would vary significantly depending on area. Another comment implied was ones salary versus the cost of living.

    Wealth is subjective. I moved into my house 26 years ago. It was a desirable area for us, and still is. It was one of the smaller houses in a nice neighbourhood, and it was the best I could do. Kids are long gone, and it's more than big enough now. It was paid off years ago.

    Now, just because a guy has millionaire status doesn't guarantee that they have any money. Some of these individuals depend on a "house of cards" scenario. They require that the machine stays at high pace, in order to keep it fed. When the machine slows down, the vultures start to circle.

    I, for one, at this stage, prefer a trouble free scenario. Most if my money is tied up in cash (cash equivalents).

    So, the question, taking regional disparities out if the equation.

    What is your net worth excluding your principal residence. If still in business, can you survive a protracted downswing (much like a 300 hour losing streak). What is your monthly nut - mortgage costs, car insurance costs, medical costs etc.

    I wouldn't be surprised if there are pretty smart guys out there, who haven't earned a lot of money, and yet, have built substantial net WORTH's, with happy lives to boot.

  9. #9


    Did you find this post helpful? Yes | No
    Quote Originally Posted by drunk View Post
    many, many people here will not want to answer that question.

    it's just too personal even for people who just use an internet alias.

    there are certain questions that are just not proper to ask people.

    your question is one of them.
    Disagree with this. Yes, its a personal question, but the poll does not reveal your identity or your handle. Polls on this site can be set to reveal handle or not, and since its a very personal question I choose the option not to reveal one's handle.

    Okay, I suppose Norm could go in the system and change the setting somehow, but I trust him that he wouldn't do that. I'm also disappointed so few folks have responded to the poll, yet they still have viewed its results.

  10. #10


    Did you find this post helpful? Yes | No
    Quote Originally Posted by moses View Post
    Im curious. How does such a question even enter your mind? Maybe next poll should be how many times does a blackjack player get laid a year?
    So, Nu?

Page 1 of 11 123 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

About Blackjack: The Forum

BJTF is an advantage player site based on the principles of comity. That is, civil and considerate behavior for the mutual benefit of all involved. The goal of advantage play is the legal extraction of funds from gaming establishments by gaining a mathematic advantage and developing the skills required to use that advantage. To maximize our success, it is important to understand that we are all on the same side. Personal conflicts simply get in the way of our goals.