re: Why do OT Ballers hate diamonds and new cars?

quote:

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Show me 10 households with higher end houses, two or more late model cars that are financed, and all the other typical trappings of the upper middle class, and 7 of those households will have no savings, no retirement planning, no emergency fund, all income goes to servicing debt and expenses, those are the people that are "wrong".

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No argument there. That’s basically what I said on the first page.

I’m talking about the three remaining households. If they chose to buy and finance a brand new car, good for them. If they chose to buy a cheaper used car, good for them.