Freezing in NH

Are You Spending More On Stuff Than Millionaires?

The other day, I came across some interesting data on spending habits of millionaires from the book “The Millionaire Next Door” by Stanley and Danko. It was about how much money millionaires spend on items like suit clothing, shoes, watches, and cars. 

Luckily I fall pretty low on these.  I think my most expensive suit was about $200 (for interviewing, I wear anything from business casual to jeans since then).  Most expensive wristwatch was probably $10.  I have a nice one that was a gift, but only use my cell phone to tell time now.  Shoes might be in the $150 range, but I usually can find what I need on sale for closer to $60.  And I’ve only ever owned one vehicle, purchased for $4900, that I plan to drive into the ground (which may be soon…).   

This entry was posted on Saturday, August 4th, 2007 at 10:29 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.