Dave Ramsey Says He Couldn't Get His 'Head Around The Idea' Of Buying A $5K Purse, Then He Bought One For His Wife – 'It Blew My Mind'

Personal finance expert Dave Ramsey has long urged people to avoid flashy purchases, but even he had to splurge on a luxury purse for his wife. Discussing spending habits of wealthy people on "The Ramsey Show," he said most build their fortunes by ignoring what others think and avoiding purchases meant to impress. However, Ramsey said once people reach a certain wealth level, they see pricey purchases differently because the cost is small relative to their income or net worth. "I've got a friend who's w ...