Quote:
Originally Posted by disneysteve
If you earn $10 million/year, can it really be said to be overly indulgent to spend 1% of your income on a car when my next car will probably cost 15% of my income? Who is indulging themselves more?
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Most people need the use of a car. I don't think spending $20K on a car for an average person/household is indulgent (whether they can afford it or not is another matter).
Spending $100K on a car, regardless of income, is indulgent in my opinion. If I were making $10M/year, I hope I would be able to stop myself from spending money in such a way.
If I were making that much money, would I satisfy more wants in my life than I currently do? I'm sure I would. But I like to think I would not make extravagant, wasteful purchases.