Are luxury brands worth it?
from Net Net Hosted by Lizzy Marie, Lissa Lumutenga
Lizzy and Lissa break down the hidden costs – financial and otherwise – of luxury brands. Beyond the price tag of luxury goods and services they delve into the psychology behind why we, as a society, care about luxury. There’s no denying that luxury brands have a huge influence on many aspects of our lives such as our spending habits and our self-perception. But are they worth it? Main Topics 00:00 Introduction 01:22 Running The Numbers Segment 02:51 The Origins and Evolution of Luxury Brands 04:36 The Definition of Luxury 11:01 Personal Stories and Identity 23:35 Luxury Brand Strategies 28:49 Quality vs Quantity of Jewelry 32:44 Consciously Spending on Luxury 36:56 Luxury Goods as Investments 38:18 High-Low Fashion Mix 39:23 20 Cents Segment 42:17 Final Thoughts References for Statistics https://www.statista.com/outlook/cmo/luxury-goods/worldwide https://www.vox.com/money/23728283/luxury-designer-boom-nike-lvmh-pandemic-le-creuset https://www.jpmorgan.com/insights/global-research/retail/luxury-market Co-Hosts Lizzy Marie, CAIA, is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok Lissa Lumutenga, CFP®, AFC®, is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram | TikTok | LinkedIn Credits ► Produced by Lizzy Marie and Lissa Lumutenga ► Artwork by Lizzy Marie ► Music by Lissa Lumutenga, Net Net Podcast “Theme Song” Talk to us Hit us up, let us know what you think: IS IT WORTH IT? 💸 DM us on Instagram: @netnetpodcast Email us at [email protected] Disclaimer This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation. Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!
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Lizzy and Lissa break down the hidden costs – financial and otherwise – of luxury brands. Beyond the price tag of luxury goods and services they delve into the psychology behind why we, as a society, care about luxury. There’s no denying that luxury brands have a huge influence on many aspects of our lives such as our spending habits and our self-perception. But are they worth it?
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