A Quote by Lauren Greenfield

These days, the media is defining what cultural capital is, and it's easily learned. If you have money, anything can be bought. We see this in China and Russia with what I call the "Bling Dynasty and New Oligarchy" in Generation Wealth. As people got rich and everybody started buying Louis Vuitton bags, it became clear that to distinguish yourself you had to have more than an expensive bag. People began to want the things that money is not supposed to be able to buy - history, tradition, education, and culture.
We have a new generation of very rich people who want to do more with their money than buy a lot of expensive toys. They want to live meaningful lives.
People in Shanghai make a lot more money than the farmers in the rice paddies. The rice-paddy farmers are not buying Louis Vuitton bags, but the upwardly mobile ones in Shanghai, who are all working in Wall Street-type firms, are infinitely better-dressed than people in the West. Their women take this fashion thing seriously.
My whole thing in life is I just want freedom. I thought that money would give me that freedom. I was wrong. It bound me more than it freed me, because now I had more things to worry about, more people asking for money, I thought I had to buy a house and nice cars and different things that people with money are supposed to do.
I've always loved clothes, especially handbags and shoes. I'd rather save my money on clothing and wear crap, but have the handbags and shoes. I used to buy a Ferragamo or Louis Vuitton bag every job that I got. Now I have a child, and we pay for private school, so I've had to scale back!
I didn't have accessories when I started my career. Did you see me wearing bling-bling when I did 'Hola at Your Boi?' No! I hustled to get money to buy them, and there is no crime if I show it or flaunt it to my fans because they gave me money to buy them.
Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.
Money is very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota? Now, you would expect people to have an answer. But people were kind of shocked by the question. They never thought about it before. So, the most we got was people said, "Well, if I can't buy this Toyota, if I buy this Toyota, I can't buy a Honda." What is this thing? What is this value of price? Very hard to think about it.
Some things I won't do for any amount of money. That's so demoralizing and goes against every principle that I hold. It's like, okay, some rich people can buy me because I'm a talented guy. They can buy talent. You can't buy it for yourself, but you can buy other people's talent to serve your purposes. And once an artist does that, he becomes like a plaything of the rich. You know, some of these wealthy collectors have paid lots of money for artwork that I already did, but I didn't do it with the intention of catering to them.
Having money and buying things with money is a good thing. But also do not forget to check occasionally to lose if you do not buy anything with money or not
After being signed I bought Invisalign and Louis Vuitton Archlight trainers. I remember not being able to believe that I was able to spend that much money on trainers, but they were a present to myself and I still have them.
Look at your eyes. You've got bigger bags than Louis Vuitton.
When new businesses open that are trying to attract people with cultural capital or cultural ambitions, they are often more expensive than traditional neighborhood stores and cafés, they offer different products, and they have a different atmosphere. Longtime residents may feel uncomfortable there. Structurally, as a group of gentrifiers gets bigger, there is less room for longtime residents. When it becomes a pattern and you can see the effects, we call that displacement.
You could have a zillion Facebook followers. Those people don't buy records. It's about a hundred to one...Record companies, they don't have any money so they see social media as the free marketing...So,...'Billy, light yourself on fire and stand upside down, and that'll market the record'. I've spent a lot of time thinking about this. I don't think people by records because of anything that happens on Facebook. They buy records cause they're friends say 'I bought this record and I love it'.
No matter how many rich people call New York their home, we don't really have enough capital here to build and maintain the infrastructure that a population needs to live. We don't have the federal money, and for-profit investors are just not interested in anything other than making the biggest profit they can.
I don't really spend money like crazy. I buy what I need and what I really want, and if I'm buying expensive things I do think about the purchase many times before I buy it.
Capital burns off the nuance in a culture. Foreign investment, global markets, corporate acquisitions, the flow of information through transnational media, the attenuating influence of money that's electronic and sex that's cyberspaced, untouched money and computer-safe sex, the convergence of consumer desire--not that people want the same things, necessarily, but that they want the same range of choices.
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