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Reply to "Where does this notion come from that wealthy people don't drive nice cars?"
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[quote=Anonymous][quote=Anonymous]Rich people are too money smart to waste money on an overpriced status symbol car. They don't want other people to know how rich they are.[/quote] Yeah, you really must not spend much time with people of significant wealth. The Sam Waltons of the world are rare. The billionaires I know personally all have at least one if not two very large private planes, giant houses and drivers. A few have 24/7 security teams beyond just home security. A lot of old money is running out of money, so yeah, they aren't buying expensive cars. If you're talking about the people with 4 - 5M in retirement accounts, then I would agree, plenty of these people are not buying expensive SUVs. I think when people who have made their own money hit about 8M, then the cars get nicer.[/quote]
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