2198: Why Your Expensive Luxury Car Doesn’t Impress Smart People AND What Is the Difference Between Cheap and Frugal? by Len Penzo

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🗓️ 8 February 2023

⏱️ 12 minutes

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Summary

Len Penzo shares two shorts posts covering why your luxury car doesn't impress smart people and what the difference is between cheap and frugal Episode 2198: Why Your Expensive Luxury Car Doesn’t Impress Smart People AND What Is the Difference Between Cheap and Frugal? by Len Penzo Len Penzo writes about personal finance and macroeconomics on his eponymous personal finance blog, which has been twice-honored as a Kiplinger Best Money Blog, and honored with two Plutus Awards for Best Personal Finance Blog. Len’s personal finance articles have been featured in the New York Times, MSN, Business Insider, Money, Time, Forbes, The Huffington Post, Yahoo! Finance, CBS MoneyWatch and Clark Howard, just to name a few. His focus is on the importance of personal responsibility — not only for our personal finances, but also for everything else we do in life. The original posts are located here: https://lenpenzo.com/blog/id1145-why-your-expensive-luxury-car-doesnt-impress-smart-people-or-me-2.html & https://lenpenzo.com/blog/id8068-you-can-call-me-almost-anything-but-please-dont-call-me-cheap-3.html Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you are a lover of affirmations or you've just heard about how powerful they can be,
0:07.1	then you are going to love the Daily Affirmations for Women Podcast, created by the Women's
0:12.9	Meditation Network and hosted by the amazing Jodi Aegard.
0:17.4	Every morning you'll receive an episode that is dedicated to one specific affirmation,
0:22.2	so you can have this space to reflect on it and receive the power within it.
0:26.4	Follow and start listening now to the Daily Affirmations for Women Podcast on your favorite
0:31.6	podcast player.
0:35.4	This is Optimal Finance Daily, Episode 2198.
0:39.2	Why your expensive luxury car doesn't impress smart people?
0:43.2	And what is the difference between cheap and frugal, both by Len Penzo of LenPenzo.com.
0:50.2	And I'm your host and personal finance enthusiast, Diana Mariam.
0:54.3	I have a brand new author for you today.
0:56.7	I'll tell you more about Len right after the reading, so for now, let's get right to
1:01.1	it and continue optimizing your life.
1:08.0	Why your expensive luxury car doesn't impress smart people?
1:12.3	By LenPenzo of LenPenzo.com.
1:16.4	A few days ago, a reader named Jennifer left a comment on my blog, lamenting the sense
1:21.2	of entitlement she saw in many people.
1:24.0	Here's an excerpt, quote, I know a woman who's a single mother and hit up her friends for
1:29.4	money to replace the engine in her SUV.
1:32.4	I declined to participate because even though I have a lot more money than her, I have
1:36.6	a nine-year-old car that's worth maybe $2,000 and hers is worth about $30,000.
	...

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