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 is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok
Lissa 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? 💸
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!
