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  #13  
Old 11-03-2013, 06:20 PM
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Re: JGC purchased by richest 1%? Oh great!

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Originally Posted by FStephenMasek View Post
Most of us who are millionaires are self-made and not show-offs, as Stanley and Danko documented so well in the wonderful to read The Millionaire Next Door. I drive far more than average, so more quiet, comfort, and so forth, especially as I age into my late 50s, was worth spending a bit more. Still, the Jeep cost a tiny fraction of our net worth, so not an extravagant purchase. Spending $25,000 more for an equivalent M-Class would have been wasteful.
Operation don't be a show-off has failed
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  #14  
Old 11-04-2013, 11:36 AM
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Re: JGC purchased by richest 1%? Oh great!

^x2. Buy what you like, like what you drive, who cares. My issue is folks that go the other way, buy a vehicle you can't afford to have people think you have money. How absurd.
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  #15  
Old 11-05-2013, 09:32 PM
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Re: JGC purchased by richest 1%? Oh great!

[QUOTE=JeeperJohn;923629 My issue is folks that go the other way, buy a vehicle you can't afford to have people think you have money. How absurd.[/QUOTE]Indeed - they are the show-offs.

I typed my earlier posting between working on some onerous proposal for a government contract we are bidding, so did not type everything I wanted.

It is interesting how we all like to think we are unique, yet we are not. The Millionaire Next Door and his subsequent books indicate that millionaires prefer Seiko watches. I bought one in college (broke then, on an almost full scholarship) and one more several years ago. Most do not show off by buying what they can't afford or "status" names. They live in middle class neighborhoods, and so forth.

I'm a not surprised that Jeep is not, to my knowledge, running ads on the fact that a Grand Cherokee is $25,000 less than a similar M-Class, and so forth, as I understand that those who want to pay $25,000 more for the name badge would not be swayed by such advertising.

For real estate agents, I'd think it would impress clients that they bought a Jeep and not an expensive brand.

Long ago, I was a software expert and then software salesman. After I left that when the company I liked first as a customer and then an employee was taken over by one I did not at all like, I spoke with some of the people I knew. They told me that the brother of the head guy had berated the sales people because they all drove BMWs and such, as he drove a VW beetle to work. They then added that he had failed to mention that in addition to the Beetle, he owned a warehouse full of exotic cars!
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Old 11-06-2013, 06:01 PM
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Re: JGC purchased by richest 1%? Oh great!

My problem with books like "The Millionaire Next door" are that they preach one way of looking at things and doing things. While its true that many "millionaires" don't live lavish lifestyles or spend on luxury items, but many do. I know many wealthy people and some are as you describe, and some are not. I think the difference just might be between those who save their way to a million, and those who earn their way to a million.

Seiko watches tell time, but they have none of the precision, quality, or timelessness of a fine luxury watch. Some people derive a great deal of enjoyment out of such things. I'm not someone who would ever buy a $20,000 Rolex, but I have a couple of nice watches that I own and enjoy. Life is about enjoyment. I get a lot of enjoyment out of my cars, and I spend on them. Some people its watches, some people its a boat. Some people its vacations or their home. Whats the point in working hard and achieving in life if you continue to deny yourself what you enjoy simply to let money pile up in a bank account?

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For real estate agents, I'd think it would impress clients that they bought a Jeep and not an expensive brand.
It depends on your clientele. I see agents driving just ridiculous cars, I met an agent at a walkthrough that pulled up in a Bentley Continental GT. Thats just an ignorant car to drive when you're in sales, we have enough problems with people thinking we're overpaid. But, a nice conservative Lexus, BMW, Mercedes, Cadillac serves our profession very well, it offers a cache that works in the upper brackets, and it doesn't offend people in lower brackets. You want to look successful, because people like to do business with successful people, but you don't want to look a great deal more successful than your customers.

If you're out showing upper bracket stuff (in my area I would call $1.25M+ truly upper bracket, $500-$1.25M is mid-market, $500k- is lower end) I can tell you that some of these people would be put off by the Jeep. I have a very good friend who had a client tell her to park her "nasty car" down the street so as not to have it in her driveway. Her nasty car was a loaded 2 year old Toyota Avalon. She traded it on a Lexus ES, basically the same car and similar money, and never had any problems. These things do happen.
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  #17  
Old 11-06-2013, 06:41 PM
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Re: JGC purchased by richest 1%? Oh great!

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Operation don't be a show-off has failed
You should see what my bro's father in law drove on public roads despite being a multi-millionaire back when that was actual money.
No idea of the original color, most of the time I remember it as being a greenish brown dusty color from a good coating of rust and natural fertilizer.

He dressed pretty much like Jed Clampett's hand-me-downs most of the time.

However, he did have some really really nice tractors, combines, etc.
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Old 11-07-2013, 01:02 PM
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Re: JGC purchased by richest 1%? Oh great!

No doubt...doesn't negate the humor of a post that says "Those of us that are millionaires don't like to show off" on an internet forum.
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  #19  
Old 11-08-2013, 08:36 PM
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Re: JGC purchased by richest 1%? Oh great!

True, some humor

I just remembered reading what Sam Walton drove - a nothing special pickup. I wonder what the person who made that comment about an Avalon being "nasty" would have done if he had pulled into her driveway in that?
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Old 11-09-2013, 11:41 AM
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Re: JGC purchased by richest 1%? Oh great!

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True, some humor
Kind of like saying having a 10 inch penis is really more of a burden LOL
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  #21  
Old 11-09-2013, 11:55 AM
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Re: JGC purchased by richest 1%? Oh great!

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Kind of like saying having a 10 inch penis is really more of a burden LOL
I've always wondered if the guys with the jacked sky-high diesel trucks are trying to make up for shortcomings elsewhere.....
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Old 11-10-2013, 01:10 AM
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Re: JGC purchased by richest 1%? Oh great!

I see a market for the "My other car is a Prius" sticker...
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  #23  
Old 11-10-2013, 02:08 AM
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Actually for some reason it was the cheapest to insure compared to competitive vechicles including the new smaller cherokee.

I have a great company and a clean driving record and it was a additional 253 every 6 months for full coverage for my 2014.

Many competitive vehicles were 300 and the new cherokee was 339 for 6 months. I was shocked that a 35k vehcicle cost more to i sure than its big brother that cost 10k or so more.

my numbers were based on adding the new vehicle to a existing policy with one vehicle.

Just a interesting twist on the cost issue for this vehicle.
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Old 11-10-2013, 11:53 AM
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Re: JGC purchased by richest 1%? Oh great!

Indeed, Travelers sent a refund check after I traded my 2006 Ford Explorer for the much more expensive Grand Cherokee. Does this mean that Grand Cherokees are involved in fewer wrecks and/or stolen less often?
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