$1 million is a numerical value representing one thousand times one thousand. It is often used as a benchmark for wealth, savings, or investment goals. In financial contexts, having $1 million can provide significant purchasing power and financial security. In the world of finance, $1 million can be invested in various assets such as stocks, bonds, or real estate. For example, investing in the stock market can potentially yield higher returns over time, while real estate investments can generate rental income. Many people aspire to save or earn $1 million as a milestone in their financial journey.