A few days ago Jennifer from Live Richly commented on a post I had written entitled 8 Big Reasons Why You’re Getting an F in Personal Finance 101.   She was lamenting the sense of entitlement she saw in many people.  Here is an excerpt:

“I know a woman who is a single mother and hit up her friends for money to replace the engine in her SUV. I declined to participate because even though I have a lot more money than her, I have a 9-year-old car that’s worth maybe $2000, and hers is worth about $30K.  Her engine costs more than my whole car… I will admit that peer pressure is real though.  I’ve had many people mock my car, and if I cared, I would run out and get a fancier one.”

Ah, Jennifer.  Let them mock you all they want because those people clearly have a misguided view of

Continue reading Why Your Expensive Luxury Car Doesn’t Impress Smart People. (Or Me.)…