Fake it Till You Make It: Thrift on the Sly

by Myscha Theriault on 19 August 2008 27 comments
Photo: Office Now

Needing to look the part, even if you'd rather not be bothered? Having to save some scones while still playing the game? I hear you. And sitting on the sidelines isn't always an option. Particularly when your network is directly related to your net worth. Here are a few suggestions to help you survive on the corporate playing field and still bank some bucks.

Dishing out a certain number of dinars is definitely necessary when it comes to this type of thing. A few tips were definitely covered in my previous article, How to Be a High End Cheapskate. Decanters were one example of the types of tips I'll be covering in this piece. So, without further adieu, here we go!

Sex up your travel mug.

Seriously. Sex it up. By losing the plastic freebies with the snap on lids and going for example with a sleek brushed steel insulated model, you'll turn BYO coffee from frumpy to fashionable. Bonus? Your coffee will stay hotter much longer. Not only will you be saving money, you'll look fabulous doing it. They hubster and I have matching frosted metallic cranberry red travel cups with stainless steel trim and black tops. When we are on walkabout with our personally pressed brew, I really feel like we're styling it. If the standard eight-ten dollars is more than you want to spend for a great looking travel mug, check out the closest available discount store. Recently at a northern Maine Mardens location (a chain similar to Big Lots), I saw some super sexy brushed steel and black coffee mugs to take on the road. I had already dug out ours from the flood salvage stash, so I didn't indulge. However, they looked great and were only two bucks a piece. A price that's easily earned back on your first day of use.

Lose the watch.

Anyone who has had to spend time on the heavy hitters' business circuit knows that a great watch is just as important as a phenomenal pair of shoes. And it had better be one phenomenal watch. While in this country Rolex is sort of known as the gold standard, there are other parts of the world where walking in with a Rolex is equivalent to having purchased your business accessories at Walmart. What's a billionaire in the making to do? Lose it altogether. Seriously. If you must glam it up, do so with a killer cell phone or Blackberry. If you are trying to close a deal where you need to be taken seriously, nothing will dry up the flow of big money faster than a cheap watch. And by cheap I'm talking about any number of brands that are considered the brands to have here in the states. I was at a business meeting (read: late night party where all the real deals are made – similar to the golf course scene) once where someone actually was brazen enough to overtly look up and down my arm and then outright ask, “No watch?” If you think investors and business contacts aren't checking out your accessories and the statement they make, think again. Interestingly enough, this same person was one I really needed a chance to pitch some ideas to, and since a well connected and loyal friend of mine really wanted me to succeed on this project knew this gentlemen, he threw the party and invited both of us. When I responded to the unveiled (and arguably rude) attempt to categorize my financial class by stating that since I had reached the point of financial stability where I could be setting my own schedule and working solely on projects of my own choosing, I no longer considered myself obligated to put something on my wrist to be able to check the time every few seconds. I further stated that if I really needed to check the time, I had my cell phone, and I had not reached the point of financial independence by frivolously purchasing unnecessary trinkets. Guess who got her meeting? True story.

Get stylish with your DIY bottled water.

Personally I like the ones that are at least a full thirty-two ounces. I know that if I consume two of them per day, I've done my part on the hydration front. If you are comfortable with the newer Nalgene ones, they come in a ton of fun colors. If you are still not big on even the improved plastics, Elizabeth at Go Green Travel Green turned me on to the stainless steel Kleen Kanteens which look fantastic. She also provided an excellent breakdown on the different types of water bottles and how to choose a healthy one. On the flavor front, if you find you prefer a little more taste, and want some help fighting the temptation to indulge in purchased varieties, check out Xin's post with several DIY suggestions.

Skip the perfume.

The good stuff is insanely expensive. Consider skipping it all together and just going natural. If you really feel a scent is necessary, try making your own. If custom blending the perfect personal scent is a little more than you want to attempt, a DIY shower spray is more than doable. You'll still smell great and spend less.

Reheel and repair.

While you can easily skip the watch, there's no way around the shoes. Find a high quality pair, even if they are gently used, and take them to a shoe shop where they are good at jazzing up an older pair of quality leather shoes. If that grosses you out, save up until you can get a good set at an outlet store or on clearance. Pick a style that's versatile and don't wear them out unnecessarily. Save them for those meetings where you know you need to make a statement. Keep them repaired and shined, and you've got an investment purchase you can get years of service from.

Travel.

ARTICLE CONTINUES BELOW
ADVERTISEMENT

If possible for long periods of time in highly coveted destinations. Think you can't afford it? Consider a long term house sit in London or Paris, or a long term trip in an exotic location like Africa or Southeast Asia via the hostel or English language teaching circuit. I've covered affordability strategies a time or two, so I won't get back into the specifics here. Suffice it to say, you can do it. And guess what? Nothing gets you in the door faster than a shared knowledge of a location, region or world known heritage site. And if you're there long term, you'll have plenty of opportunity to take advantage of the free admission days. Take lots of pictures and have them playing in a digital desk frame during your next investor meeting. Travel experiences provide a common ground for discussion. And if Mr. Big Shot can only manage to make it to London once or twice a season for a weekend at a time, and you spend every winter there and can recommend some great little cafe next to a fabulous museum, who do you think he's going to call the next time he's in town?

Celebrate the power of basic black.

Whether it's the right dress or suit, or a fresh coat of touch up paint on that pile of thrift store frames, black is classic, oh-so-Euro, and one of the most inexpensive paint treatments out there. Got a couple of freebie floor lamps that have seen way better days? Spray them with a coat of primer and either matte or textured black spray paint. Shop for some stylish discount shades and you've got a remake on the cheap.

Com is king.

This is literally our family motto, and has served both of us well professionally. You need to be able to have communication with contacts regardless of any temporary set of circumstances. You can solve your own problems more quickly and nobody will really know how much you've been thrown for a loop if you still have communications established. Being out of the loop for too long is a huge professional risk. So is changing your phone number and email too often. Even if you are transitioning to the role of stay at home parent, you can still keep up with business contacts and start an online gig or two to keep in the game.

Coffee versus drinks.

If dishing out a bar bill of several hundred dollars to court a client isn't in your budget, consider treating them to coffee at a well known stylish establishment. I have a friend in PR who has had numerous meetings in Los Angeles within the entertainment industry. One of her most common meeting spots? Starbucks. Apparently she's not the only one as The Frugal Duchess recently made the same point about record deals at a press event in New York. Just because these shops aren't the most frugal for your daily budget doesn't mean they can't be a frugal choice when trying to climb the corporate ladder.

Streamlined is sexy.

Consider some of the photo shoots from the popular design magazine Dwell. Uncluttered, low on hype, and all about the space. Bonus? Not too many extra trinkets to purchase since you won't be filling up your house with “stuff”. Keeping it simple also allows for the most efficient use of your time, and leaves loads of opportunities for extra projects, meetings, or getting it done on the golf course, so to speak.

Of course none of these ideas amount to a hill of beans without a great deal of hard work and determination. Not to mention talent. And I realize it's basically the pits that “the game” is even something you have to play. But if you are in the situation either by choice or circumstance, these tips should help ease the financial burden. Got another great money saving tip for those stuck in a high end lifestyle as part of their career choice? As always, I'd love it if you'd chime in. Come on, share the love!

1
Average: 1 (1 vote)
Your rating: None
ShareThis
ADVERTISEMENT
Related Topics on Wise Bread

comments

27 discussions

Add New Comment

CAPTCHA
This test helps prevent automated spam submissions.
Philip Brewer's picture

There are lots of choices for practically anything, but if you're trying to impress, you really only have two options:

  1. The best
  2. Nothing at all

I was getting at this point from a completely different direction in my post Doing without is often better than making do, but I had completely missed the aspect of impressing others--and there are lots of places where "doing without" is the impressive choice.

Another example besides a watch is an attache case.  An impressive one might cost a thousand dollars or more.  If you don't need to impress, you can go with a simple messenger bag or backpack that lets you carry your stuff in comfort.  But, if you need to impress, you're way ahead of the game carrying your document in a manilla envelope.  That says that you've reached the point where you don't need to carry stuff around any more (perhaps other people to carry your stuff for you)--but for the purposes of this important meeting, you're making an exception.

Myscha Theriault's picture

The brief case thing is exactly in line with what I was trying to say with the piece. And you're right, you can send a much more powerful message by showing up with a simple folder and nothing else. It says," I've brought what you needed as a courtesy, but I honestly don't need to deal with an actual case. I'm beyond that. " Thanks for chiming in.

Guest's picture

Good points in your article, but sheesh I must need new glasses - I read corn as coRn is king. Now that would be a great family motto ;)

Myscha Theriault's picture

Mia, you're cracking me up. Too funny. You know, the older I get the more I am misreading things too. Darn it, and I am such a good speed reader too. . . Oh well, nothing lasts forever . . .

Guest's picture

While I appreciate the tips in your article, I have to say I am quite happy to live in a different world, no offense. I don't have to worry about not spending enough money on accessories and such. As long as I don't show up to work in ripped jeans or stained T-shirts, I'm OK. I do make an effort to always look presentable, but in fact, I have found myself bragging to co-workers on how LITTLE I've spent on sale clothing items. And I'm very happy with my little $20 Citizen watch :)

Myscha Theriault's picture

You know, it isn't necessarily fair that people have to sometimes play this game, but when we do, it's nice to know we can not go too into the financial hole. And there are so many sources for affordable clothing sources, so that helps quite a bit. One of the things I like about working from home most of the time is that I can skip this scene. But since I don't want to undo all my hard efforts on the savings front, it's nice to know there are a few ways around these issues.

Thanks for chiming in.

Guest's picture

Shoes, it is all about the shoes. I have heard more people comment that they judge people by their shoes. If you really look close it is painfully obvious what is an expensive pair of shoes and what ones came from Payless. I would opt for getting a pair of good quality shoes from a resale shop, clearance at Nordstrom or a better than normal find at TJMaxx before buying a cheapo pair.

I have frequently opted to buy one expensive suit or buy designer suits at a resale shop instead of buying a bunch of moderate quality clothing.

Another tactic that seems to work, I learned it from an old very thrifty friend. If you get something nice at a thrift store or resale store and people ask you where you got it say you got it at - insert name of a trendy store not in your area-... You can always add that you have had it for a while to divert the possibility of someone else actually having traveled and shopped there recently. It has to actually be something that looks expensive and probably was carried by some place trendy to get away with this.
She had more people buffaloed into thinking she shopped in NYC for her clothes once and a while. Another take on this is saying you got said item in some small exclusive boutique in some far off city.

Guest's picture

Great post. Now I'm uptight about my watch, though ...

Guest's picture

I don't wear a watch pretty much for that reason plus I can use my blackberry for checking the time - I'm in the type of business where everyone has a Cartier or some exclusive European brand and it's a game. I choose not to play the game and it actually works to my advantage. I buy nice suits (on sale and that aren't trendy) and take care of my designer shoes so they will last me years. I wear nice jewelry and carry a nice Vuitton bag (easier as a woman) and I think I do just fine.

One of the things you have to watch though is to not get too caught up in the impressing of people. Next thing you know you're trying to impress not only clients but your coworkers, your friends and family, etc. And then you're stuck in the 'keeping up' race and that is miserable and hard to get off of. I tell people I got off that merry go round.

Myscha Theriault's picture

Cheap Like Me - that's exactly why I ditched it altogether. I'd much rather have a vacation beach house than pay the same amount for a watch to wear only to meetings, as I'd be way too nervouse about having something happen to it to wear it regularly. Another way to go though, is to maybe go higher end on the sports / leisure end of things and meet while traveling / out for the day. This can also be worked in with the coffee shop or golf course get together.

Then you never have to dress for a business meeting, and higher end athletic and casual sports / travel wear is still WAY less money than an Armani suit. Plus, you look like a rock star for having all that leisure time. This could apply to a sports watch with all the features you need on the road . . . like a dive watch. And nothing says I can afford expensive vacations like a diving habit. Of course, some of us just moved to islands where we could do it for cheap. (Although I gave up the diving thing years ago, and likely couldn't operate a regulator if my life depended on it now.) Just a thought or two that might help.  

 

Myscha Theriault's picture

I couldn't agree more Guest, and you raise an excellent point of keeping this in balance. Another great reason to be perpetually "busy, booked or traveling".  You're not stuck showing up three times a week in the same suit. Sounds like you've got things totally under control, though.

Guest's picture

In some circles, it certainly is all about image. My sister works in the world of finance, and if you don't flaunt finer things, customers & coworkers question you're abilities, and that impacts your earnings.

The important part is to flaunt the right stuff, not just the expensive stuff. Be sensible, because you can't impress everyone. And be prepared to explain your choices! A great reason for a particular choice is better than a great look sometimes, and that can afford you the opportunity to sell your personality as well as your skills.

Guest's picture

you just breathe! :)

When I worked at a large IB (investment bank) it was very very hard to not covet all my coworkers bonuses and their fabulous vacations, cars, houses, jewelry for their wives (or themselves), etc. I spent 6+ years trying to keep up and thus spent my annual bonus before it was even in my account. I look back now and wish I'd saved instead of spending every penny. Actually thinking on it - everyone coveted each others bonuses and was stuck in a circle of constantly competing against each other. They could never find happiness in what they had.
I was smart enough and lucky enough to leave the IB and join an independently owned group doing the exact same thing but without the pressure to 'keep up'. No one I work with now could care less about what I wear or what bag I carry. The change has made all the difference in my life and how happy I am.

Philip Brewer's picture

For many purposes (such as finding friends and lovers), just being your idiosyncratic self is the right choice.  Who wants to hang out with the people who care if you carry your crap around in a $10 army-surplus bag, a $100 messenger bag, or a $1000 designer bag?  Carry whichever bag suits you, and you can automatically weed out exactly those people who you won't want to hang out with anyway.

When I was single, I did this with shoes--I wore Berkenstocks and Teva sandals.  I saw articles that said not to wear those because the chicks would go "Eww," and I thought, "Great!  There's a whole class of women that I don't have to even start to think about whether they'd be right for me!  What a time-saver!"  I did it with lots of other stuff, too.  (I still wear Berkenstocks and Tevas, but now it's just because they comfortable.)

But, when you're looking for business contacts (as opposed to friends and lovers), it's often to your advantage to project a specific image.  I've mostly arranged my life now so that I don't need to attract business partners, but it's a reality for lots of people.  For them, it's very important to identify the things (like watches and bags) where nothing makes as powerful a statement as the best.

Guest's picture

Philip makes a great point about being yourself in personal situations, back in my partying days I loved going dancing in nightclubs, but not being a fan of dressing up and being chronically cold I'd often be dressed in a fleece sweater and jeans. I was often surprised by the number of guys who'd come over and confess they were drawn to the fact that I was clearly "low maintenance"
My partner and I currently both work in academia and I sometimes get the impression that putting too much effort into your look is frowned upon. Particularly in my partner's field where I think there may be a competition to look as casual as possible- along the lines of "I'm too busy being a genius in my office/lab to care about my appearance"

Myscha Theriault's picture

I never said I was a GOOD diver. (Just kidding) Actually, I was OK, but I never seemed to have things go smoothly with the regulator. I was always getting some water sucked in and having to clear it. And don't get me started on how hard it was to get my ears equalized, get the weights right, etc. I was always a responsible diver, but it sure never came easily to me and I was too busy worrying about safety to enjoy the views as much as I would have liked. That and a seriously unfortunate incident with a friend, and well . . . I just never went back to it. It's a cool sport though, for people who have the time to commit to keeping their skills up.

And Philip, thanks for chiming in on how important it is to keep things authentic and real. Amen.

 

Andrea Karim's picture

What a great article, Myscha! While I'm happy to live in the world of software geeks, I totally understand the sentiment behind this. And it is SO true about the watch. I've never worn one, but I've noticed the behavior among friends who work for investment banks.

Guest's picture

Phillips comment about being yourself really struck a cord. I got to the point I felt like I was living a double life. I had this set of expectations and image that I had to participate in in order to keep a job in my field at the time.

After doing that for years my tolerance for jobs where that is an expectation is much lower. Much like Phillip's comment about weeding out the undesireable women via comfortable shoes, I tend to use that as a weeding out technique for potential employers. If the expectation is for employees to carry $500 handbags I probably don't want to work there even if they paid enough for me to buy $500 handbags.

Guest's picture
20 Aug. 2008 | 5:28 PM henrybemis

This article was horrible and seemed to send out the wrong message - keeping up with the jones is not good but trying to look like the jones is. Ridiculous. Editor? Next.

Andrea Karim's picture

If only you were a better reader, you would gleaned the actual message from the article, which is that if you are going to do something that involves high-powered clients, do it well and with style.

Duh.

Guest's picture

This is a good, meaty article and I really enjoyed it. I wish there were more like it. It's all very well to say "drop out of that scene," but some of us have to hustle and bustle, out there in the real world. (And let's face it, more than a few of us actually enjoy the challenge - I know I do.)

I live in Japan, and you would not believe (or maybe you would) how important appearances are, especially in the business world. For some strange reason, haircuts are really, really significant here. You can get away with almost anything, as long as your hair is glossily and expensively cut. It's one of the things that most people, especially women, would never dream of skimping on. When it comes to watches, there is a bit more leeway, as they are traditionally given as gifts by relatives, so you'd got to take what you can get. Mine's a Seiko.

Guest's picture

My sister is about to join the brutal field we call the financial sector so I will totally make her read this article. I am into fashion (by choice) but I'm also obsessed with saving $$ so I am constantly looking out for deals/inspirations and this article just gave me some more ideas so thank you!

Guest's picture

Cobblers, a dying bread, are great! I have a favorite style that I always buy from the cheap rack at Target that I wear every day at the office. I finally broke down and had my cobbler make me a pair. They're great, exactly what I wanted, and they will last FOREVER because they're well made.

-Suz

Myscha Theriault's picture

Harder to find here in the states, but worth their weight in gold, when you do.

Guest's picture

I have found that as long as your clothes are in an impeccable state, you can get away with owning just a few suits. However, the moment there is a spot or a hole, people will notice! Same with shoes: I have 1 pair of brown shoes and 1 pair of black shoes that I keep well-polished. That way, people just see the 'whole picture' is neat and not pay attention to detail. Once my shoes are unpolished, I've drawn their attention to that detail and they will automatically look for other details.

Guest's picture

George H. W. Bush wore a $30 Timex.

Myscha Theriault's picture

Excellent point, and I hear you. However, I think it's important to point out that certain individuals no longer need to play the game. Many others do. When everyone knows your level of wealth and power, and that level is one that allows you to step aside from certain rules and status symbols, you get to do what you want. Many, many people still need to play the game however, and it's not necessarily just to get more cash. I  know several people who are financially independent, but are trying to grow their wealth for philanthropic goals and feel the need to keep up a specific set of appearances to make that happen. It sucks that it's necessary to still have to play the game in certain instances, but really it's still necessary under certain conditions.

Glad you stopped by and made the point, however. It's a valid one.

 

You can also follow me on Twitter and Trek Hound.