Having owned one such luxury car in the past, here are some thoughts for you.
Nobody has ever gotten rich just being an employee and earning a wage.Regardless of the nature of the job and the location, you will always be caught in the upper middle class trap (same is true of nations too). The only way to sustainably get rich is by having control over your life & learning to be an entrepreneur. Pick out the richest people from Forbes and figure out how many of them don't run a business.
You can't have the cake and eat it too.Being rich is about owning your life and taking appropriate levels of risk. If you forget Risk, you can forget being Rich. This means you will have a high chance of failing if you want to move towards the path of richness.
Owning a luxury toy is about showing your power and influence. The folks who are buying a $200K Ferrari or a $500K Mclaren are not merely buying for the engine or leather seats. They want to show their immense power behind them. Now, think about what power will you show by owning a $100K S-Class or 7 Series? If you have bought a $100K car while your networth is less than $1-10m you will be seen as a pretentious fool - and not someone with real power or influence. Maybe if you climb up to the executive levels, you can afford a C-class or 3 series in India or E-Class equivalent in the US.
This mainly applies to India, where a 3-series is priced equivalent to a 7-series in the US, after adjusting for purchasing power.
You can't have the cake and eat it too.Being rich is about owning your life and taking appropriate levels of risk. If you forget Risk, you can forget being Rich. This means you will have a high chance of failing if you want to move towards the path of richness.
Owning a luxury toy is about showing your power and influence. The folks who are buying a $200K Ferrari or a $500K Mclaren are not merely buying for the engine or leather seats. They want to show their immense power behind them. Now, think about what power will you show by owning a $100K S-Class or 7 Series? If you have bought a $100K car while your networth is less than $1-10m you will be seen as a pretentious fool - and not someone with real power or influence. Maybe if you climb up to the executive levels, you can afford a C-class or 3 series in India or E-Class equivalent in the US.
This mainly applies to India, where a 3-series is priced equivalent to a 7-series in the US, after adjusting for purchasing power.
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