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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]it’s a lie the class obsessed tell themselves to soothe their feelings of inadequacy. [/quote]

Well, it's how UMC can become wealthy. For those who truly make a ton of money or inherited it, they don't need to do this.

We make $400k in the DC suburbs. We have a smaller SFH in a good neighborhood with excellent public schools. We drive our cars for 10+ years and buy a standard Toyota/Honda. If we had upgraded the house, cars, and/or paid for private schools, we would not be saving nearly as much and would just be working each month to pay for our expenses. Being frugal has been a game changer - you can't make it up on Starbucks and homemade lunches. It's because our monthly expenses are $5000+ lower than they could be, and we are investing all of that and have been for years. [/quote]

100 percent this. We have a $2000/month mortgage and no car payment and are able to fuel that extra money into the market and just see it grow, which gives us room to fund things that we actually want and to feel a deep sense of security.

Years of reading "FIRE" blogs like Mr. Money Mustache also really sunk in after a while, though we are not FIRE people necessarily. But the main points he makes -- using money to buy freedom rather than things, and only spend your money and objects that actually increase your happiness or make your life easier. And, live somewhere where you are not car dependent.

[/quote]
What year did you buy your home in?[/quote]

Here we go again. “I have to be broke! I had no choice but to take out an $8k/month mortgage! It’s all someone else’s fault, of course never mine.”[/quote]

NP-It's a valid question. I personally bought my home when I could pay a low cost for it, so I have a low mortgage. The same home (boring 90s home in a burb with good public schools) and similar homes are now going for over twice what we paid. Timing plays a huge part and it's not about "having to be broke" but just the sorts of reasonable, frugal choices you can make. Your choices and mine were really easy.[/quote]

Speak for yourself. My choices were not easy at all. Getting my boring SFH in the exurbs still required a lot of frugality and some other stops on the property ladder. And it STILL isn’t renovated all these years later, just new paint and lights and live with the rest. Most of these whiners wouldn’t even buy the house I live in. Boohoo for them![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics