The first thing the middle class needs to understand about millionaires is that their millionaire status is measured by their net worth, not their annual income, and most of them pay their bills through cash assets, not by paycheck.

The majority of millionaires have multiple sources of income and are diversified in their assets and cash flow. The value of assets that earn them money is where their net worth is usually kept. Few have a million dollars in cash in a bank account because inflation would slowly devalue its purchasing power over time.