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Reply to "What do all these people driving new Range Rovers do for a living?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My DH works in Finance and I work part-time, mainly because my kids are in school and I don't want the commute of my original job. Our HHI is about $350k. We have a pretty hefty mortgage which we are double paying right now, but no other bills other than household bills. We both work and like nice things. We have driven brand new Hondas and 10 year old luxury cars and to us there is a big difference in the quality and feel, even if other people think it is not worth it to them. Just like my co-worker says there is a big difference in a ChicfilA sandwich and one from Wendy's (FOR EXAMPLE), there are people who know the difference in cars and houses and value that enough to pay more (especially if it's is "nothing" to their pockets.) Just to give some insight... if you have $2Million in investments, $100k average balance in the bank and bring home $30k gross every month, it's nothing to buy a $80k car cash (and it's probably not even that much if you sell the dealer your current luxury car for $25k). We buy everything cash, by the way. The money is just adds up otherwise. And... we do donate $50k+ every year to the school athletic boosters, university alumni, our church, and endowments every year. We don't have any allowances for cars or wardrobe or housing. It's all us. I want a Range Rover Sport (because I think it's such a sexy car) but I don't have one. (My DH has issues with the brand from "way" back, even tho he would buy it if I insisted.) We do own a luxury car that we have had "forever" and it is fine. And it's nice to have something to dream about. I like that I can literally drool over this car when I see one (and I see a lot), but I don't need it or "really" want it (sort of).[/quote] + 1. I (DW) just traded in my German SUV for an equally nice but much less flashy Japanese SUV. Of course we can appreciate the differences but it's a matter of what we deem to be more valuable to us. We have never bought a new car - always one or two year old used cars. We have a nice house and yet could have afforded much more if we wanted - but we are actually looking forward to downsizing in a few years. Investment accounts are 2m+ and that's apart from retirement accounts (DH's pension will be 3m+ and my 401(K) will be about 1m). College accounts for all three kids are fully funded and are at the point where we no longer have to make contributions. We don't buy things we want, we buy things we actually need. Despite having the means to do anything our hearts desire (and we do splurge on things important to us), we have no interest in keeping up with the neighbors. [/quote] Is there a reason why you are telling us this?[/quote]
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