Things are Lookin’ Up: The Price Of Living Well Still A Comparative Bargain

Ever wondered how bad inflation affects the rich and famous? Over the past year, Forbes’ CLEW-Index (Costs of Living Well Index) was hit by only 4% inflation, vs. the Consumer Price Index’s 3.6%.

A few examples: a Russian sable coat at Bloomingdale’s has not gone up in price even one cent since 2003 – still just $160,000.00 (Fake furcoat at department stores – prices have increased every year.). Harvard tuition, room, board, up about 5%, to $41,675.00 in 05 (Note to parents: that’s $166,700.00 for 4 years). A case of Dom: $1,559.00 in 05, from $1,439.00 in 04, up 8%. Worst inflation found in custom-tailored cotton shirts, about 12% (When I buy, I buy several to leave unwrapped and break into next year and year after. Better ROI on this than my managed portfolio!).

For more info on Costs Of Living Well, go to www.forbes.com/clewi. There has been significant growth in spending in the past 24 months in almost every category of luxury goods, services and travel, with continuing growth predicted. If you’re marketing to the affluent, things ARE looking up!

And if you’re following what I teach in my Online Prospecting Secrets course, you’ll find you can reach a lot of these affluent prospects on virtual autopilot with the Internet. There’s no excuse not to me making money in an environment like this!