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Reply to "How are there so many $60, $70, $80+ thousand dollar cars on the road??"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When I saw a fancy, expensive new car on the road I used to think that person must be really good with money. Now I know that they are pretty stupid with money. [/quote] Precisely. Cars are depreciating assets and false shields that weak people hide behind. [/quote] No plenty of us are aware they are a luxury. But if you are HNW or UHNW, it's a luxury you can choose to spend on. That being said, we still keep them for 8-10+ years. Sure a Honda would last just as long, but we like driving luxury/fun cars. We pay cash for them, so it's affordable for us [/quote] Exactly! DH and I are HNW as well and we and all our friends share the same vantage point and philosophy. There are many luxuries we choose to spend our money on, many outside the reach of the poors. Doesn’t mean we’re weak or hiding behind shields. In addition to driving luxury roadsters and SUVs, our other favorite way to spend money is like this: https://m.imdb.com/title/tt0111323/[/quote]
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