Want to look as if youre living a wealthier lifestyle than you actually are? Me too! In fact, I come from a long line of frugal women who obeyed the motto: Live well, look rich and never let the world know how little you're really paid. An excellent philosophy, which can be summed up as Live cheap, look rich.
Sure, I daydream about having millions to throw around -- and so do you. (Americans spend about $25 billion each year on lottery tickets in fruitless pursuit of this dream.) But people who have mastered the Live Cheap, Look Rich way of life know that its not about having more money, its about getting more out of life for the money you have.
And looking (and feeling) well-heeled while you do it. Just because you dont have a fat wallet doesn't mean you have to go without lifes pleasures, says Shel Horowitz, author of The Penny-Pinching Hedonist and founder of the FrugalFun.com Web site. Here is a quick boot camp on how to cultivate a more affluent way of life without actually spending a lot of money on it.
The art of affluence
One thing masters of the Live Cheap, Look Rich lifestyle will tell you is that wealth is just as much about your mindset as it is about your bank account. So learning to live a richer life may require you to start by thinking differently.
Buy classics. At first this sounds like an expensive move; classics always cost more. But for certain purchases, spending more may be a better investment in the long run. Take cashmere. Its ridiculously expensive. And yet I rely on my small hoard of cashmere sweaters because they not only look smashing, but they will last long after that GAP wool-blend sweater falls apart. Same with cars. I decided to buy a five-year-old BMW this year, says Sandy deNicolais, former fashion and beauty editor of Womens Day. The payments for a brand-new Honda were the same. But in five years, that Honda wont be worth as much as my BMW. The BMW will last longer, its higher quality, its got more style.
Travel creatively. As I learned at my upscale womens liberal arts college, wealthy people are always just coming back from somewhere fabulous and far away. And you can too, with a little ingenuity. By logging onto Luxury Link, a luxury travel auction site, one friend of mine bought a five-night stay at swanky Little Dix Bay in the British Virgin Islands for about $900. No, that didnt include airfare, but she and her partner didnt spend any more than they would have on a dull stateside getaway. If you can travel at the last-minute, remaindered airline seats are sold for cheap on the Smarter Living Web site. Or you can consider the many options that let you stay somewhere princely for nothing -- international hosting or home-swapping services. Some of these networks charge a fee to join, but its usually reasonable. Horowitz says that he and his wife and daughter stayed for 12 nights in Wales last year and paid a total of $50 for lodging, thanks to the generosity of a SERVAS host.
Vicarious wealth by volunteering. Major charities always need volunteers, and they often hold a yearly bash where you can meet and mingle with the rich and famous. Or you can volunteer at a local theater or arts organization and gain access to pricey cultural events without paying a dime. Black-tie events are not only for those who can afford the $500 door ticket. Its for those who hold the doors, too. Horowitz ushers at a local music venue, and in the last few years has attended concerts by Bob Dylan, Willie Nelson, Chuck Berry. Those tickets would have cost me $500 to $600 out of pocket.
Giving the appearance of wealth. Its far easier to acquire the kind of manners and good breeding that come along with a wealthy upbringing than it is to go back and change the way you were raised. Some pointers from Jill Spiegel, author of Flirting for Success: The Art of Building Rapport.
* Always be well-groomed. Pay attention to your hair, nails and shoes.
* Be gracious. To everyone. Speak calmly and kindly, says Spiegel, the great-great granddaughter of catalog merchant Joseph Spiegel. Rich people are too well-bred to be rude.
* Dont discuss money. People with money dont need to mention what things cost, nor do they appear to care.
Purge the poverty from your life. Hard-core Feng Shui believers will tell you that a plant in a certain place and a mirror in another will bring you lifelong prosperity. (I know because I have The Feng Shui of Wealth" at home.) All I know is that cleaning out the clutter in your life, moving the furniture so that it feels more harmonious, not only feels good, it forces you to admit that the end table is broken and the lamp shade needs replacing and yes, its time to buy a new refrigerator. In other words, pay attention to all the ways that poverty has crept into your home -- and make a point of fixing or upgrading each one. Living a life of affluence doesnt mean buying hand-burnished leather couches from Uzbekistan. It means taking the stai