Recently, someone said this to me: “You will never buy a luxury car!”. I was surprised by the statement, for I have always liked the expensive brands of BMW and Audi. Sometimes when I daydream, I fantasize myself speeding into the sunset in such a car.
But instinctively, I know that my friend was right. It will really take a lot for me to sign the dotted line to buy an expensive set of wheels. And I think I know why.
I have a single, wealthy friend. She operates a jewellery shop, owns a few investment properties and drives a Jaguar. She came from humble means and made her money from her jewellery trade.
She is willing to spend generously on herself and her friends. She does not worry too much when going on luxurious vacations or paying for expensive meals. She believes that money spent can be earned back again.
Though not as wealthy as her, I have the means to drive a similarly expensive car. But I just can’t bear to do it as my money is earned the harder way. It comes from living a frugal lifestyle and watching the pennies. I work for wages as an employee, save as much as I can, and invest, aspiring to get out of the rat race when I have enough.
It is a tough life out there, isn’t it not?
Our 2 different ways to earn our money begets our different spending philosophies. She can spend freely as she earns a big income from her businesses, and feels comfortable spending lavishly. I am of good financial means only because I save a lot, and overspending contradicts the foundation of how I accumulate my wealth.
I believe most financial bloggers are like me. We earn, save and invest, hoping that we can be financially free someday. We are also very unlikely to spend on big ticket items like a luxury car.
My parents influenced me to a large extent. My mum was really frugal and will save every possible penny. At the end, she managed to leave some money to her children, and that was the foundation of my wealth.
My dad was initially a successful businessman. He made his money and was generous with everyone. In the end, when his business failed, he was still spending recklessly. The clash in spending habits between mum and dad resulted in numerous conflicts over money. Needless to say, I grew up in an environment plagued by the lack of money.
So my frugal nature probably came from mum. I have always aspire to be financially free, so that I will never be like my young self, always worrying about money. I hated being poor, and a long time ago, made a promise to myself that I will never be poor again.
Talk about being haunted by our past. We are more like our parents than we often care to admit.
So does this mean that I will never be able to drive a BMW? Ingenious German technology and I can never have the pleasure of experiencing it? To be honest, I also wonder if I will ever buy an expensive car in Singapore, where such a vehicle can easily be the cost of a BTO flat.
I am secretly amused when my female friends spend thousands of dollars on their luxury handbags, and congratulate myself that i only have one trusty wallet. But men are often more silly, for our toys like cars or branded watches are far more expensive.
I still watch with envy whenever a BMW 5, or a Audi A5 zooms past. I glance at the shiny wheels in the showrooms and my heart skips a beat. I have been “car-less” for 2 years and have been managing well. But the urge to drive comes sometimes and I wonder, what if.
So will I ever drive again?
I am still watching the bids. One can always hope for that $50 COE again. If that happens, you might just see me throw caution to the wind and zip down the highway again.
I can always daydream, right? 🙂