Surprised me too but they are right because if I own a million dollar home, it is not mine to liquidate because there is a loan.
It is the best way to judge wealth. Cash. Assets can be deceiving when determining wealth. I can be considered a wealthy man because I own 3 cars but we all know that is not the case or someone can be considered wealthy due to inheritance and we all know that is not the case either unless they are inheriting cash-money.
being a millionaire isnt a big deal. if you graduated from a 4 year college, you would have accumulated a networth of a million dollars in 15 years after graduation. thats around 37 years old which is the average age of a person. being coined a "millionaire" because you have saved up a networth gives the wrong impression. that term is really reserved for business owners and investors because it holds more weight.