No one ever got rich by camping out for two or three days to be first in line for Black Friday sales events. Or as I said in an earlier blog:
Two days camping out in line, that’s 48 hours or nearly 5 times the number of hours a millionaire next door allocates per month to planning and managing his investments. The correlation is simple. The less you shop the less you spend. Never regret missing out on a so-called “sale.”
I recently went back and reviewed the essays written by 313 self employed millionaire business owners. The topic was: suggestions about how young people might become economically successful. Nowhere in these essays was it mentioned that “taking advantage of Black Friday or any other kind of “super day” sales” would help one become wealthy.
Also, studies done by other researchers have found that often Black Friday prices are not in fact the lowest for any given year. So on Thursday, relax and give thanks for your blessings. That 66″ flat screen TV will be “on sale” again and again!