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re: Why do OT Ballers hate diamonds and new cars?
Posted on 4/23/18 at 11:28 am to RogerTheShrubber
Posted on 4/23/18 at 11:28 am to RogerTheShrubber
quote:
That's how you end up with a high income and still broke in your 20's and 30's.
This is a problem with Americans in all income brackets, but more so those with smaller incomes.
I love how we're acting as if this money management issue is one that is ravaging the households making greater than $200k a year.
We've now moved into a strange territory here where we are supposed to look at the woman driving a new Porsche Panamera and assume she can't afford it because it's "too expensive" and if I can't afford it then you can't afford it.
I would worry less about the people with high income who buy nice things, and more about the people making a modest income trying to buy redneck status symbols.
This post was edited on 4/23/18 at 11:33 am
3
Posted on 4/23/18 at 11:30 am to Pecker
quote:
We've now moved into a strange territory here where we are supposed to look at the woman driving a new Porsche Panamera and assume she can't afford it because it's "too expensive" and if I can't afford it then you can't afford it.
This is the whole argument in a single sentence.
Posted on 4/23/18 at 11:32 am to Pecker
quote:
We've now moved into a strange territory here where we are supposed to look at the woman driving a new Porsche Panamera and assume she can't afford it because it's "too expensive" and if I can't afford it then you can't afford it.
Absolutely not. I don't know how you got that out of my statement.
Posted on 4/23/18 at 11:36 am to Pecker
quote:
This is a problem with Americans in all income brackets, but more so those with smaller incomes.
I love how we're acting as if this money management issue is one that is ravaging the households making greater than $200k a year.
We've now moved into a strange territory here where we are supposed to look at the woman driving a new Porsche Panamera and assume she can't afford it because it's "too expensive" and if I can't afford it then you can't afford it.
I would worry less about the people with high incomes and buying nice things, and more about the people making a modest income trying to buy redneck status symbols.
I don’t think anyone is saying that it’s exclusive to high earners. I think the point is that just because one makes a lot of money doesn’t mean they can afford any luxury item they want. Lots of high earners have a “spend what’s in my pocket” mentality, don’t budget and over leverage themselves.
Again, not all, but way more than there should be.
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