Tag: Cole Haan

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 […]