[quote=Fearful][quote=AN]Not everyone want or care to romp on a car. But my point is, on average those who buy luxury goods tend to be able to afford it.[/quote]
All in balance, my good man.
People sometimes ask me, you’re rich, why don’t you buy better stuff? I tell them, you don’t get to be rich by spending money. If that was how it worked, everyone would be rich![/quote]
Totally agree, it’s a fine balance. Most people do not live solely for the future. We all have to make a decision whether a particular purchase will adversely affect your future goal. Some people would spend minimally now till they save $10m+ (just some arbitrary number) while others would say, I can make me happy now and settle for only $5M for retirement. There’s no right or wrong. It’s just different for everyone. Again, my point is, on average, those who buy $100k car or watch probably already have millions in the bank and are not leveraging to buy those luxury goods.
