5. Millionaires All Drive Fancy Cars
You can get that idea of the rich guy in a fancy German car out of your head when you think of a millionaire: They actually drive a Ford, with the carmaker topping the millionaire preferred car list at 9.4 percent. Cadillacs run second on the millionaires' favorite car list, and Lincolns third according to onmoneymaking.com.
Bold is mine.
As a FORMER Chrylser guy...next car will porbably be a Ford or some other make made mostly in the south of midwest. Hyundai, Kia, Subaru et al.
Or a Ford.
And no, I'm about a million dollars from being a millionaire!
Something made in the U.S., not necessarily by a US company, and certainly not by a company owned by 0Dumbo. Ford, Toyota or Honda come to mind. I've gained new respect for Ford for not drinking Hussain's Kool-Aid during the bailouts.
True story: I knew a wealthy timber-baron type gentleman who would put off buying a new truck until his current vehicle wouldn't drive anymore.
The one time I knew him to buy a new truck, he got it home, pulled out a shovel and hit it several times, just so he wasn't worrying himself about scratching it.
And believe it or not, that wasn't the most hilarious thing he ever did. There was one thing that, to this day, was one of the funniest things I've ever seen or heard of.
I have my eye on the 2011 Hyndai Sonata.
Of all the millionaires I know NONE were given it. ALL earned it through running their own companies. Some drive a BMW or Mercedes but most prefer an SUV, truck, or Jeep. For cars, they usually drive a BMW or Mercedes 300 or 500 series.
No one I know feels rich. They feel like taxes and other things will eat them alive so they had better continue to earn more.
They are elitists to some degree. They feel they “got it” and learned to earn while others are content being wage slaves. That said, they welcome anyone into their ranks and hope others do, but they know most will never get past thinking their lives are about chasing a “job” and retirement on social security or a small pension.
One thing I find in most, not all, but most, millionaires is a sense of civility and social graces. Most people I know let their kids run around restaurants; the rich usually don’t. Most middle class people think nothing of being rude and crass, cussing in a church, or getting “wasted” at a BBQ and thinking that was cool. Millionaires dont. The difference is that millionaires find people wanting to do business with them, while those others dont.
I attend an annual hunt each year with some wealthy and powerful people. They usually bring along a cousin or two. It is easy to spot the wealthy versus their bum cousin they are doing a favor. One can carry an intelligent conversation, the other is getting wasted and trying to be the center of attention. One person does things sensibly; the other needs to be watched like small child before they destroy something or hurt someone, thinking they are being cool.
If you take me as a sample, I can tell you a few things:
1. I drive a 12 year old car.
2. I live in a studio apartment.
3. I watch a 19” TV from 1983.
4. I never made more than $115K a year in salary.
I thinking I am in the running for the world’s cheapest millionaire.
In Stanley’s book that the article referneces (”The Millionaire Next Door”), he answers the obvious question “OK, so if millioaires aren’t driving Benz’s and BMW’s, who is?”
The answer is “people in hock up to their ears.” Stanley identified the unsustainable consumption of a large cohort of people quite some time ago.
I recommend everyone read “The Millionaire Next Door” and “The millionair Mind.” They are both veey revealing.
My wife drives a shiny silver Mercedes E320. It’s a 1998, with a resale value about $4000 these days.
It’s funny that guys that drive $30,000 trucks will cut her off due to presumed wealth resentment.