This is an email I recieved today and I thought I'd share, since we're all into the spendy-spendy when it comes to our bags! I think "The millionaire next door" is a book (but not sure, don't shoot me ) Lesson #1: Most millionaires do not buy high-priced footwear. About half had never spent $140 or more on a pair of shoes. Lesson #2: Most millionaires have never spent more than $235 for a wristwatch. About one in ten never spent more than $47, while about one in four spent $100 or less. Lesson #3: The millionaire buys the house in the affluent area after he/she became wealthy. Maybe you aren’t as wealthy as you should be because you traded much of your current and future income just for the privilege of living in a home in a high status neighborhood. Lesson #4: They live below their means. Living in a less costly area can enable you to spend less and to invest more of your income. Lesson #5: Operating a household without a budget is akin to operating a business without a plan, without goals, and without direction. The foundation of wealth accumulation is budgeting and planning. Lesson #6: You aren’t what you drive! They believe that financial independence is more important than displaying high social status. Most millionaires never in their lifetimes spent near $65,000 for an automobile. Nearly half never spent more than $30,000. That’s why they’re millionaires! Lesson #7: Both Sears and JC Penney's cards are significantly more popular among the wealthy than the cards of status retailers. Lesson #8: Allocating time and money in the pursuit of looking superior often has a predictable outcome: inferior economic achievement. Lesson #9: Not only are the most prodigious accumulators of wealth frugal, their spouses tend to be even more frugal. Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyper-consumer. Lesson #10 There is an inverse relationship between the time spent purchasing luxury items such as cars and clothes and the time spent planning one’s financial future. Millionaires pay themselves first, investing a minimum of 15 percent of their annual realized income before they pay the sellers of food, clothes, homes, credit, and the like. Appearing rich isn't chic - being financial stable, having some money in the bank, affording the lifestyle you crave, and having the strength to save is Tres Chic!