A LIQUID MILLIONAIRE HAS £1M IN THE BANK AND IS FREE TO SPEND IT AT LEISURE. THE PROBLEM IS WHEN THEY SPEND £1.00, THEY NO LONGER A LIQUID MILLIONAIRE!
A PAPER MILLIONAIRE THIS PERSON OWNS COMPANY STOCKS VALUED AT £1M OR MORE THE PROBLEM IS WHEN THE STOCKS CRASH OVER NIGHT WITH BILLIONS WIPED OF THE VALUE OF COMPANIES IN MOMENTS.
AN ASSET MILLIONAIRE THEY OWN REAL ESTATE OR A BUSINESS THAT IS WORTH IN EXCESS OF £1M. THE PROBLEM IS SOME OF THEM CALL THEMSELVES MILLIONAIRE BUT THEIR PROPERTIES WERE BOUGHT WITH 90% AND IN SOME CASES 100% MORTGAGES.
A VIRTUAL MILLIONAIRE THEY OWN SEVERAL MONEY SOURCES THAT GENERATE ENOUGH PASSIVE INCOME FOR THEM TO LIVE THE MILLIONAIRE LIFESTYLE. THEY LIVE LARGE, IMAGINE £40K PER MONTH MADE FROM MULTIPLE SOURCES. ALTHOUGH £40K PER MONTH SOUNDS IMPOSSIBLE FOR THE MIS-EDUCATED MIND, IT THE SAME AS 1000 PEOPLE GIVING YOU £40.00 PER MONTH IN A CLUB.