Have you ever wondered what Millionaires look like when they dress? You might think that people in this lifestyle don’t care about how they look, but you would be wrong. Many times millionaires care about how they look more than the rest of society.
Millionaires dress for success, and they dress to impress. The clothes they wear define who they are and their wealth. If you want to be one of the wealthy then learn how to dress like a millionaire and you could be on your way to becoming one too.
‘Don’t forget the little details.’
“Wear a sport coat whenever possible. It’s easy to pair with jeans, and you’ll always look sharp. You can remove your tie or jacket if you’re overdressed — but if you’re underdressed, you have no options.
It’s all in the details, so accessorize with intention. Finish your look with cuff links, lapel pins, and pocket squares. Fit is also key. A tailored look makes you appear leaner, taller, and more confident; so have your tailor make minor adjustments, even to clothes off the rack.
And keep in mind that it’s not just about the clothes, but it’s also about the confidence you project.”
‘Find your superhero costume.’
“If you aren’t memorable, you’re forgotten. People buy into the presentation of you before they ever believe in, buy from or invest with you. If they respect you and feel you are the most excellent and logical choice for a desired relationship, product or service, then you will earn a place in their memory.
My suits are genuinely my superhero costumes. Yours may be different, it helps to ask yourself: Am I memorable? If you aren’t inspiring curiosity so others want to know and hear more about you, then you aren’t doing it right.”
‘Know what colors, shapes and styles suit you best.’
“It’s important to know what colors and shapes suit your body, and how to style your hair and makeup for a polished, professional look.
If you can afford to hire a consultant to tell you, amazing. If not, ask three or four friends to come over and give you some tough love. When I went through this process, I found out that red was not my color, and I should never wear it again. I was shocked; half of my closet was red!
I also had my makeup done and was told to stop wearing dark lipstick, which had been a ‘bold’ part of my signature look. I parted my hair on the side and was told that it made me look five years older. I resisted this feedback at first, but ultimately it was true.
Sometimes it helps to get a second opinion. Get the right advice to make an outstanding first impression.”
‘Wear the same thing every day.’
“I own one T-shirt: it’s black and from my favorite clothing company, Unbound Merino.
Some people love fashion, but I don’t. I have two goals when choosing my clothing: I want to be comfortable and feel like I look good. Instead of having a wide-ranging wardrobe, I simplified mine to one item that meets those two goals. Anything else would be excess that adds another decision to my day.
Some call this minimalism, but I call it maximizing. By minimizing my wardrobe, I can maximize my creative and cognitive capacity, so that I have time and energy for more important things, like business decisions and family.”
‘Wear knowledge, confidence, and transparency.’
“Old thinking about making a first impression has changed. Because everything is commoditized by the internet, wearing the right suit, watch, or sneakers doesn’t impress people like it used to. Now billionaires wear T-shirts and jeans. In some places, wearing a suit may even make the wrong impression.
In Latin America, they prefer formality and suits to impress people. I wore a T-shirt and sneakers to presentations when I first expanded my business there, and as a result, my competition didn’t believe I’d make a dent in the industry. But I was transparent and confident, and changed their view.
While it helps to know your audience, it’s more important to wear knowledge, confidence, and transparency. Instead of worrying about your clothes, focus on providing value and being confident in your expertise. If you know what you’re talking about, you’ll feel on top of the world no matter what you wear.”
Stop Unnecessary Spending
We often spend money inwardly, instead of objectively.
For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.
To stop this habitual spending, log down all your spending over the course of a month.
Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?
This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.
Cut-up Credit Cards
Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.
If not, you may want to consider ridding your life of the burden that credit cards bring.
Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!
Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).
Invest Wisely
Consider investing in funds.
Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.
To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.
Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.
Stash Emergency Funds
Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.
If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.
Make it hard to get your cash.
Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.
Always keep your hair clean
you put all this effort in wearing the right clothes and looking all nice and polished and you don’t wash your hair. That is an epic fail. Millionaire women have exceptional hair and honestly it is not expensive for you the have it look gorgeous. A couple of good products like a shampoo, conditioner and a weekly mask will do wonders.
Invest in good shoes and bags
they don’t have to be designer ones, but at least made of leather. If they are quite expensive for you, try to introduce in your wardrobe one piece at a time, it is worth having more in time.
Conclusion
Fashion has a secret. It’s hidden in plain sight for those who have the eyes to see it. I’ve been collecting photos from millionaires and billionaires through social media, as well as their interviews and other resources, and I’ve come to a conclusion about what they wear.