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      11-21-2013, 05:11 PM   #45
NemesisX
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Quote:
Originally Posted by RR-NYC View Post
Am I bitter about your posts? No but I am annoyed at your level of ignorance on the matter. You rely so heavily on skewed data. Conspicuous consumption... did you conned out of $$$ by those get rich in real estate courses and then find religion in those financial self-help books that focus on anti-consumerism?

You cite this book in several watch threads with the sole purpose of (1) talking about them as being for wannabe millionaires or (2) finding someone else who, along with you, doesn't see the value in spending >$1000 on a watch. If you don't like watches or think that spending money on a watch is stupid, why are you on these threads?

I certainly wouldn't call it a statistic. Dr. Stanley's data nothing more than a poll that he designed to prove his point and nothing else. I can design a similar "statistic" that would show the exact opposite: My millionaires poll only wear >$10,000 watches yet don't own a primary home and where no millionaire drives a car let alone owns a car but belong to a car club that allows them to drive every exotic car under the sun. Their net worth is $3M+ vs Stanley's $1.6M (in his first book, he does include primary home in that number). Granted, these are all kids in Manhattan with heavy portfolios and 7 digit wall street bonus checks so it isn't indicative of the population at large but neither is Stanley's.

Oh, and Stanley's millionaires average a whopping $131k a year at 50+ years old... its no wonder he doesn't want them to buy anything because they are all too busy not spending money in order to be in his "Millionaire" club". Yet, he disparages those making $500k a year for buying things they enjoy and can afford but didn't want to divulge their net worth to a quackjob PhD
Quote:
Originally Posted by RR-NYC View Post
You are proving nothing but showing ignorance.

Look at a movement on a $500 automatic and compare it with any Rolex movement. The $500 movement might look nice, but thats all its designed to do. It will be a useless scrap of cheap metal in a couple years if that whereas the Rolex movement is rather ugly to look at but will last 30+ years without anything more than occasional service.

Just keep telling yourself that the cheap watch on your wrist is the same and you might find someone to believe it--- and thats who will buy your bridge.

Yep, you sound incredibly bitter