The mindset of conscious spenders is the key to being rich. Indeed, as the researchers behind the landmark book The Millionaire Next Door discovered, 50% of the more than 1,000 millionaires surveyed have never paid more than $400 for a suit, $140 for a pair of shoes, or $235 for a wristwatch. Again, conscious spending is not about simply cutting your spending on various things. It’s about making your own decisions about what’s important enough to spend a lot on and what’s not, rather than blindly spending on everything.
