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I don't think there is anything "wrong" with it, obviously it's everyone's personal choice. But it seems to be a bit of a trend that people that built their own wealth don't tend to spend large amounts of money on cars, watches, etc. "The Millionaire next door" is an interesting read.

No, never. Sure I might go and hire a fast car at the track for a day, but I actually despise of status symbols. If you need to show off to other people, then there's something wrong with your self-worth, in my opinion. I've never been in a Lambo or a Ferrari, but from my experience of...

I wouldn't put a percentage on it. When I got my car, it would have been over 25% of my networth ($6k car at the time), however even if I had $10M of networth, there is no way I would ever spend $500k (5%) on a car. I think I'm very unlikely to ever spend more than $40k on a car.