Hello Dear Young Friends, Not long ago I wrote to you about conspicuous consumption. This week, I am writing about a related personal finance stumbling block called “keeping up with the Joneses.” Are you familiar with that expression? Just in case you are not, I will start with the meaning. What Does Keeping Up With […]
Tag: consumption
Conspicuous Consumption
Welcome Back Young Friends, Today’s letter is inspired by a message that someone sent me at the beginning of the year. On the surface, the message was about Birkin bags. But at the root, the message was about conspicuous consumption. In case you don’t know what a Birkin bag is, it’s a handbag. These bags […]