Ok, this post is a little random. But I recently learned about a new site that does one thing and does it well: sell ties. The site, www.wearcacti.com, offers free shipping and ties as low as $9 (if you order 5 ties). I actually ordered tie #21 (I wanted a little Trump vibe) and was very happy with the quality. Looking back, I should have ordered 3 ties for $11 each since I’ve been wearing the same ties for years.

I loved the simplicity of the wearcacti site. It reminds me of Google’s bare-bones simple interface. You can buy 1, 3, or 5 ties at an increasing discount. The selection is small at this point but I talked with an owner and he indicated they will be expanding their selection soon. If you’re in need of a tie update, check it out.

On an even more random note, here are a few sites that explain how to tie a neck tie:
Plezer
Krawattenknoten
Paul Fredrick

Shopping online can increase your ability to save money on items from
TVs to toys, take
advantage of the opportunity to compare prices.

Today I went to lunch with a very wealthy person. I don’t know exactly how wealthy , but based on his frequent trips to Maui, the fact that he earns a free plane ticket every month through his frequent flier points, and the fact that the other day he decided to go out and buy a truck just because he’s never had one before, there’s good reason to believe he’s close to a seven-digit earner. As I talked with him, it raised a lot of questions in my mind about how managing my finances will change as my wealth grows. If I were a millionaire would I still need to budget? Would I still want to track all my spending? Would I still need to negotiate with my wife about finances? It seems logical that with an income over $1,000,000 a year you wouldn’t need to plan as vigorously. But in the end thats a lie. Millionaires that manage their money irresponsibly can quickly lose it all and fall from grace (MC Hammer comes to mind).

Financial management principles are the same for millionaires and low-income-earners alike. Certainly the numbers your dealing with will change, but the basic principles and processes are still the same. In fact, by following sound financial management principles and optimizing your frame of mind, you can accelerate the process of building wealth and know how to keep it when you arrive. Here are 7 ideas that will help you think about and manage money like a millionaire, regardless of your income.

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