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Reply to "Anyone driving the luxury cars? And what's your income?"
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[quote=Anonymous]To each his own... It's all about priorities. You can argue until you're blue in the face that cars are depreciating assets, generic brands are just as functional as the luxury/premium brands, blah, blah, blah. If you want to buy a nice car with your hard-earned money, then so be it. It's no one else's damn business. That person will just need to cut back in other areas. Of course it makes more sense to spend less, save more, but it's about finding the balance that works for you. Since folks on this website like talking about the wealthy... David Einhorn, a 44-year old hedge fund billionaire, apparently drives a Honda Odyssey. But, on the other hand, a college friend's dad was a big car enthusiast and had 35 cars, including 6 Ferraris. He was worth much less than Einhorn, only worth $700 million at the time. Should my friend's dad have spent less on depreciating assets and more into appreciating assets? Absolutely, but it's his money and liked cars. If I were Einhorn, I'd probably drive a nicer car, but he just doesn't care about cars. To each his own... [/quote]
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