• Sundray@lemmy.sdf.org
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    19 hours ago

    There’s tons of conspicuous consumption that goes on just to prove how much money that consumer has. But there’s also those rich people who do the “buy it once” thing. They’ll spend a mint on a durable, handmade pair of shoes that last 20 years, and then they’ll get them re-soled for less than a new pair would cost.

    • Krauerking@lemy.lol
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      18 hours ago

      Those are just reasonable people and I have never met one that has been rich that way through frugality alone and anywhere near the level of wealth of those that aim to show it off even if the frugal person’s bank account is far more in the green than the consumerist.

      • Sundray@lemmy.sdf.org
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        17 hours ago

        been rich that way through frugality alone

        No of course not: the rich get rich because they acquire lots of money (usually via inheritance, but whatevs). I didn’t claim frugality can make a person rich, just that some rich people are frugal, in contrast with the conspicuous consumers we most often hear about, nor am I advocating it as a financial strategy. Being rich makes a person an asshole, but it doesn’t necessarily make them the kind of person who’ll buy $3,000 shoes that don’t work.