Thursday, May 28, 2009

Frugal Millionaires

Okay--so I'm not talking about my family. The frugal part, yes. Millionaires--not so much. But I did read a great article about 70 frugal millionaires and how they spend and save their money, and I found it fascinating. What it seemed to boil down to is that these people focused on quality for the money when buying anything, and were able to disregard all social inhibitions regarding new vs. used, designer labels , trendiness and what everyone else was wearing or doing or buying. They most certainly didn't try to keep up with the Joneses, even though financially they WERE the Joneses!
I have found in my quest not to buy anything retail for a year that I have had to disregard all those same things and simply focus on quality for the price. And its amazing to see how little quality there is in some things that are very expensive, and how high quality some things can be that are considered "cheap". And most amazing of all is how willing many people are to disregard the notions of quality and value at all and choose their things for completely different reasons. I was happy to see that poeple who shopped as we now shop are millionaires. It pays to buck the system!
I wrote the other day about how out-of-sync it felt to be at a theme park in our garage sale and clearance swimsuits yet buying season passes without a hint of concern for the cost. Season passes were value for the money and will be used alot. A new swimsuit at $30 when a like-new one costs 50 cents is not. At the time I was still trying to put the concept into perspective, and now I think I really get it.


Anonymous said...

I have been reading your blog for a while now but don't usually post comments. I am posting now to say thank you! I admire what you are doing and you are an inspiration to me.
I look forward to reading about what "retail" challenges you face and how you overcome them.

2simplify said...

Thank you! :)