With US consumer debt surpassing a staggering $1.7 trillion, America is gearing up for another expensive Valentines Day. According to Jim Trippon, the former Price Waterhouse CPA considered one of America's foremost authorities on the money habits of self made millionaires, "Well intentioned gifts of Valentine's Day often produce money arguments the rest of the year." Trippon, has released this years top ten list of the "most outrageously expensive" Valentines Gifts.
Houston, TX (PRWEB) February 1, 2005 -- With US consumer debt surpassing a staggering $1.7 trillion, America is gearing up for another expensive Valentines Day, according to financial author and former Price Waterhouse CPA, Jim Trippon. Trippon, who runs a boutique wealth management firm in Houston, TX, is considered one of America's foremost authorities on the financial habits of American self -made millionaires. "Well intentioned gifts of Valentines Day often produce money arguments the rest of the year," says Trippon, who has released this years top ten list of the "most outrageously expensive" Valentines Gifts.
The National Retail Federation says Americans will spend nearly $100 on average for Valentine's Day this year. Given the credit card rates often at 24%, and assuming minimum payments, Trippon says this years day of love will cost the average American Cupid closer to $1,300 when interest and finance charges are included. Some people really go overboard with their spending," Trippon says, It's not necessary to buy extravagant things to express your love."
Here is this years top 10 list of the outrageously expensive Valentines Gifts from Trippons website: www.stayrichforever.com:
1. Diamond encrusted Millennium Bra by Victoria's Secret $ 10 million (does not include the female catalog model)
2. Custom Stuart Weitzman Designer Shoes $1,594,505 Harrods of London
3. Gianni Vive Sulman Watch $520,000
4. Perpetua Watch Winder $3295 (for the $520,000 watch)
5. Jill Dyball crystal and diamond bridal bouquet $350,000
6. Wilson Audio Modular Monitor Music Speakers $225,000
7. Designer Cell Phone from David Morris International, of London $104,050
8. Gianni Vive Sulman Parfum VI - Perfume $88,698
9. One night in the Imperial Suite at President Wilson Hotel in Geneva Switzerland $33,000
10. Golden Opulence Ice Cream Sundae – Serendipity Restaurant New York, $1,000
Trippon says people stay in love when they get educated and start acting intelligently about money together. "Get real and deal with your budget" says Trippon. Be honest with each other about your habits and come up with a plan for how you will spend your money as a couple. It will improve your love life!"
Trippon recently completed an extensive three year study of 537 millionaire retirees. He has documented his findings in his new bestselling book, How Millionaires Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work for You".
Trippon is available for media interviews. For further information or schedule an interview with Jim Trippon, contact Amal Zaid at 713-661-3806 or reach Trippon directly at 713-661-1040
Publication Data: How Millionaires Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You – by Jim Trippon, CPA; Published by Bretton Woods Press LLC and distributed by Midpoint Trade Books; 254 pages; 21.95; 6x9 Hard Cover; ISBN: 0-9723389-1-8
###
|
