Quote:
Originally Posted by tranquility
Maybe you know the wrong type of 'rich ppl' then.
Suffice to say from that wall of text if one doesn't have sufficient disposable income, then they have no choice but to borrow money...you explained it itself in your reply, i.e. your money is tied up so you gotta figure out how else to make your purchase; that's all good as you may have $19.9M stuck in investments. Really wealthy ppl don't as they have disposable funds lying around.
|
I know plenty of very wealthy people. Not people who have multiple exotic cars, people who come from old money and don’t buy flashy things like that. If that’s the “wrong kind of rich people” I don’t know what the right kind are lol
It’s not about not having enough disposable income, it’s about being focused on growing wealth or not. I don’t keep money lying around I invest money that I don’t use for expenses. Having $150,000 just sitting in a bank account is a waste to me. If you have $20M then for you, you may not care. That does not mean that it’s smart for somebody else to pay cash for a car