Where does this notion come from that wealthy people don't drive nice cars?

[Anonymous]

Anonymous wrote:I guess I don't exist then. I am sure I am not the only person to drive a 20 year old entry-point Japanese sedan while my stock portfolio has ballooned to 20M. I think it depends on what sort of wealth you're talking about: if it comes from salary, and people are surrounded by others with the same salary, that's going to lead to visible signs of wealth. But if they made their money in a more discreet way and do not socialize with others who have that level of wealth (or who like them chose not to display it)... then it leads to driving a dinged up Corolla.

Exactly. My dad died young with several million and a very old Corolla. Which my niece is now driving even though she has a trust fund worth half a million and wealthy parents.

[Anonymous]

Anonymous wrote:The rich in DC drive older model cars, walk, bike, uber, and one borrows a car from a friend. It used to be his car. It's almost like he saw the car as a nuisance as he is often away.
They go for convenience, fit, feeling, need, and safety. You'd never know they have money.
They do not drive long distances, but they do fly a lot.
Compare DC to Miami and you know where the notion came from and then maybe from MND.

The school lineup at our kids private school is literally nothing but new luxury sedans and new luxury SUVs. When you see a slightly cheap car you look twice and its a nanny in her personal car.

[Anonymous]

I know a woman driving a $100k SUV while openly complaining about the parent plus loans she is paying on her DD’s college degree.

Driving an expensive car does not mean you are rich. At all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

This is nonsense. We’re social members at a stuffy country club. Nobody drives crummy old cars, not even members’ teen kids. The only crummy old cars are in the employee lot.

It is unsurprising that the people who choose to join a stuffy country club also buy expensive cars.

Exactly. People who want to seem wealthy join country clubs AND have expensive cars.

[Anonymous]

Anonymous wrote:I know a woman driving a $100k SUV while openly complaining about the parent plus loans she is paying on her DD’s college degree.

Driving an expensive car does not mean you are rich. At all.

But if you're driving an expensive car WHILE taking out student loans, it does show that you're stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Dave Ramsey didn’t write that book

I'm aware, a failed academic wrote that book. Dave Ramsey pushes his own and these other scam books on listeners. Millionaire Next Door, Rich Dad Poor Dad, etc. All nonsense pushed on rubes and hicks.

You're an idiot.

Ramsay is a born rich silver spoon who has a fleet of luxury cars, private jet, various tacky mega mansions, and a private chef. While he tells his dimwitted listeners the secret to getting rich is driving junky old cars and eating rice and beans.

[Anonymous]

It depends on where you live. In the LA area everyone is superficial and showy. In the DC area looking important and rich matters to a lot of people. In the Boston area most aren’t showy. It’s an area of intellect with the best colleges and medical care. Dallas is a place where people like big displays of wealth. Midwest not as showoffy.

[Anonymous]

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

Ok, I have to ask- exactly which country clubs, zip codes, and private schools are these? I've witnessed the drop off line at NCS and Sidwell and GDS and there are pleeeenty of new, luxury vehicles. Fords? LOL. Maybe the teens in a Bronco, but that's about it. I've been to Chevy Chase and Congressional CCs and again...far more likely to see a new X5 than an old Volvo or whatever. New XC90s, yes I do see a lot of those.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

Ok, I have to ask- exactly which country clubs, zip codes, and private schools are these? I've witnessed the drop off line at NCS and Sidwell and GDS and there are pleeeenty of new, luxury vehicles. Fords? LOL. Maybe the teens in a Bronco, but that's about it. I've been to Chevy Chase and Congressional CCs and again...far more likely to see a new X5 than an old Volvo or whatever. New XC90s, yes I do see a lot of those.

I wasn’t saying every person at the private school is old money. Plenty of new money overlap.

[Anonymous]

Yeah it’s totally silly. It’s what people who have to think hard to be able to afford the nicer stuff say to themselves so they can feel better about themselves. I went to hs w two people who are from the two families w perhaps the most name recognition for being “old money,” and in college one drove a practical Japanese car, the other drove a beater Mercedes…..that her parents actually purchased two of when they were brand new. The one w the practical car has a splashy older sister who is photographed a lot, wears designer things etc etc

[Anonymous]

Anonymous wrote:Obviously not 100% true, but I know examples who fit this trope. We make $2M/year. We drive an old and basic model VW Atlas and a minivan. My neighbors and my best friend are both super extended (money stress has come up multiple times in multiple ways with them). They have huge mortgages and private school but lease new luxury cars. So my sample size of 3 fits!

+1

There are plenty of both sides. We were worth over $10M and I was still driving a 14 yo SUV (it was low end luxury we had bought new). And then I sold it (for 30% of what I originally paid), we didn't need it and drove the teen's Honda for 2 years while they were at college without a car---Then bought a new one once they took car to college. We also didn't have a mortgage during this time, so could easily have afforded a newer/nicer vehicle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Dave Ramsey didn’t write that book

I'm aware, a failed academic wrote that book. Dave Ramsey pushes his own and these other scam books on listeners. Millionaire Next Door, Rich Dad Poor Dad, etc. All nonsense pushed on rubes and hicks.

You're an idiot.

Ramsay is a born rich silver spoon who has a fleet of luxury cars, private jet, various tacky mega mansions, and a private chef. While he tells his dimwitted listeners the secret to getting rich is driving junky old cars and eating rice and beans.

Bingo. Buy a BMW if that's what makes you happy (like I did). If these miserly weirdos want to drive a 2004 CRV and act like that makes them better than you, that's their problem.
B

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Dave Ramsey didn’t write that book

I'm aware, a failed academic wrote that book. Dave Ramsey pushes his own and these other scam books on listeners. Millionaire Next Door, Rich Dad Poor Dad, etc. All nonsense pushed on rubes and hicks.

You're an idiot.

Ramsay is a born rich silver spoon who has a fleet of luxury cars, private jet, various tacky mega mansions, and a private chef. While he tells his dimwitted listeners the secret to getting rich is driving junky old cars and eating rice and beans.

He wasn’t born rich. He grew up middle class.

I can’t say I’m a fan but the people who need his services definitely need someone to tell them to stop being idiots. He does that well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Dave Ramsey didn’t write that book

I'm aware, a failed academic wrote that book. Dave Ramsey pushes his own and these other scam books on listeners. Millionaire Next Door, Rich Dad Poor Dad, etc. All nonsense pushed on rubes and hicks.

You're an idiot.

Ramsay is a born rich silver spoon who has a fleet of luxury cars, private jet, various tacky mega mansions, and a private chef. While he tells his dimwitted listeners the secret to getting rich is driving junky old cars and eating rice and beans.

He wasn’t born rich. He grew up middle class.

I can’t say I’m a fan but the people who need his services definitely need someone to tell them to stop being idiots. He does that well.

His advice helped my sister and brother in law stop spending stupidly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

Ok, I have to ask- exactly which country clubs, zip codes, and private schools are these? I've witnessed the drop off line at NCS and Sidwell and GDS and there are pleeeenty of new, luxury vehicles. Fords? LOL. Maybe the teens in a Bronco, but that's about it. I've been to Chevy Chase and Congressional CCs and again...far more likely to see a new X5 than an old Volvo or whatever. New XC90s, yes I do see a lot of those.

+1. PP is full of shit. There is no rich enclave around DC as she describes.