Paul Sullivan, in his weekly New York Times column, Wealth Matters, writes about frugal millionaires. His article begins as follows:
BOB WEIDNER likes to play a game when he goes to a high-end outlet store like Brooks Brothers or Ralph Lauren: How many things can he buy and not spend more than $100? On his last visit, the answer was seven.“Every year, we go up to the outlets and find a deal,” he said. “It’s worth it.”His wife, Angela Marchi, who chides him for darning his socks (just the toes, not the heels, he said), prefers to buy her clothes twice a year when her favorite stores put last year’s styles on sale. But she recently made an exception and bought her husband a Tommy Bahama shirt he had wanted — on a website that sells slightly worn clothes.
Read full article at: Millionaires Who Are Frugal When They Don’t Have to Be – NYTimes.com
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.