Comments on: Spending your Net Worth http://7million7years.com/2009/02/27/spending-your-net-worth/ How to make 7 million in 7 years ... Wed, 08 Feb 2012 08:33:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Adrian http://7million7years.com/2009/02/27/spending-your-net-worth/comment-page-1/#comment-2400 Adrian Sat, 28 Feb 2009 21:23:59 +0000 http://7million7years.com/?p=1661#comment-2400 @ Andee - If that's truly the case ("The thought of paying cash for a vehicle by Gen X and Gen Y is now so counter cultural it might even seem absurd!") then do we have a BIG job in front of us! It seems to me, though, that a large readership of personal finance blogs is from the Gen X/Y groups ... hopefully, they will be the 'leaders' who spread the word. @ Andee – If that’s truly the case (“The thought of paying cash for a vehicle by Gen X and Gen Y is now so counter cultural it might even seem absurd!”) then do we have a BIG job in front of us! It seems to me, though, that a large readership of personal finance blogs is from the Gen X/Y groups … hopefully, they will be the ‘leaders’ who spread the word.

]]> By: Andee Sellman, One Sherpa http://7million7years.com/2009/02/27/spending-your-net-worth/comment-page-1/#comment-2399 Andee Sellman, One Sherpa Sat, 28 Feb 2009 20:21:45 +0000 http://7million7years.com/?p=1661#comment-2399 Interesting post Adrian, One of the trends of society is that DEBT lenders have been gradually inching their way into every different sort of market while consumers have been buying on credit and running in front of themselves. It would be a very interesting study to see how many NEW cars are bought for CASH and how many are bought on credit. In fact with the vehicle market many people have started to forget the value of the car and only remember the monthly repayment. The thought of paying cash for a vehicle by Gen X and Gen Y is now so counter cultural it might even seem absurd! Interesting post Adrian,
One of the trends of society is that DEBT lenders have been gradually inching their way into every different sort of market while consumers have been buying on credit and running in front of themselves. It would be a very interesting study to see how many NEW cars are bought for CASH and how many are bought on credit. In fact with the vehicle market many people have started to forget the value of the car and only remember the monthly repayment.
The thought of paying cash for a vehicle by Gen X and Gen Y is now so counter cultural it might even seem absurd!

]]> By: rawenergy http://7million7years.com/2009/02/27/spending-your-net-worth/comment-page-1/#comment-2398 rawenergy Sat, 28 Feb 2009 02:39:05 +0000 http://7million7years.com/?p=1661#comment-2398 I am not sure if this is relevant but one of my past managers said that people should be buying a car that is 10% of their annual income. Ever heard of such a thing? I am not sure if this is relevant but one of my past managers said that people should be buying a car that is 10% of their annual income.

Ever heard of such a thing?

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