Tag: Allen Edmonds

Even More Frugal: Millionaire Women

By Thomas J. Stanley on Apr 5th, 2011 in Studying the Wealthy

Several advertisements for the Allen Edmonds shoe company have appeared in The Wall Street Journal.  The advertisement mentioned that the company rebuilt over 60,000 pairs of customers shoes in 2010.  I am not sure how many from the general public are repaired each year.  But most millionaires regularly have their shoes resoled or repaired.  It is not just the […]

Billions of Bucks; Two Pairs of Shoes

By Thomas J. Stanley on Oct 5th, 2010 in Current Events

In a national survey of 733 millionaires representing the top 1% wealth holders in America, I found that 70% regularly have their shoes resoled/repaired (see The Millionaire Mind, p. 297).  Millionaires are generally frugal, but they are not frugal when it comes to purchasing quality shoes. Why do most wealthy people pay several hundred dollars for […]