Americans: Paris Hilton’s Lifestyle Without the Money at 2006-09-01 22:48:29
You see it every day like I do. People driving a Lexus or BMW, and without a second thought, the car has a sticker on the back advertising to the world that they bought the vehicle second hand. If I really wanted to impress someone, I certainly would remove the used car sticker off the back of my car first.
By the way, Paris doesn't buy her vehicles second hand.
Sure, some legitimately make enough money to drive an expensive vehicle, and own an expensive home, but many cannot.
We have become a nation of show-offs. Whether it is the vehicle, or the house that has us strapped to our interest only or adjustable rate mortgages, the spending spree that has prompted the Paris Hilton lifestyle of the masses is about to come to an end.
Barron Hilton’s net worth is estimated to be at just over US $1 billion, of which Paris is expected to inherit a little over US $350 million. If consumers want to be like Paris, they should consider this. To accumulate $1 million dollars, the average person would need to save $2,000/ month (or $24,000/year) for 41 years. To have Paris' money, the average consumer would need to save $24,000/ year for 14,583 years.
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