If you have $1,000,000 debt?
2007-01-07 09:35:25 · 40 answers · asked by Ormoz 3 in Entertainment & Music ➔ Polls & Surveys
LMAO :)
No, that would be the definition of penniless.
I feel your pain.
2007-01-07 09:37:20 · answer #1 · answered by JC 7 · 2⤊ 1⤋
1,000,000 -1,000,000 = 0
0 - 1,000,000 = -1,000,000
So in theory if you start out with a million and loose a million you don't have anything
If you start out with nothing and are in debt to a million it means you are in dead trouble.
Good luck
Kind regards
2007-01-07 09:42:28 · answer #2 · answered by Police Artist 3 · 0⤊ 0⤋
you are a millionaire if you have 10 times the value amount of your debt in assets. if you only have debt you are in the hole.
2007-01-07 13:56:43 · answer #3 · answered by Brains & Beauty 6 · 0⤊ 0⤋
No, "millionaire" should refer to net worth, which means your assets minus your liabilities. If you have $1 million or more in debt, that would get subtracted from your net worth.
2007-01-07 09:42:14 · answer #4 · answered by KatGuy 7 · 0⤊ 0⤋
what?! of course your not a millionaire, that could be anything from hospital bills to school debt
2007-01-07 09:37:31 · answer #5 · answered by ♣Kellina♣ 5 · 0⤊ 0⤋
Technically yes, until you pay the debt.
2007-01-07 09:41:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No you are not. Unless you decide not to pay the debt!
2007-01-07 09:37:26 · answer #7 · answered by ╦╩╔╩╦ O.J. ╔╩╦╠═ 6 · 0⤊ 0⤋
I'm not a millionaire any way that you care to define it!!
2007-01-07 09:37:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
an unassuming answer is no, however it depends on how asset rich you are and it those assets will cover that debt if you sold them all today.
hope this helps
2007-01-07 09:38:18 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Not Neccessarily
2007-01-07 09:37:55 · answer #10 · answered by Anonymous · 0⤊ 0⤋
in a manner of speaking.... a reverse millionaire
2007-01-07 09:38:53 · answer #11 · answered by Anonymous · 0⤊ 0⤋