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Old 03-10-2016, 12:22 PM
 
Location: Tennessee/Michigan
27,998 posts, read 46,408,665 times
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Want to end up a billionaire like Ikea founder Ingvar Kamprad? Consider doing as he does and trade the mall for the ... flea market. In a documentary set to air on Swedish television, the 89-year-old says that's where he shops for clothes, reports the AFP. "I don't think Iím wearing anything that wasn't bought at a flea market. It means that I want to set a good example.

Ikea's Billionaire Founder Gets Clothes at Flea Markets
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Old 03-10-2016, 01:27 PM
 
Location: Raleigh NC
5,287 posts, read 4,580,024 times
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I knew I loved that guy for a reason!
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Old 03-10-2016, 05:32 PM
 
Location: Old Hippie Heaven
16,280 posts, read 7,139,732 times
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IMO, buying most of your clothes at thrift stores is just good sense.

Why not take advantage of what is such a glut on the market? Better selection and better prices, it's a no-brainer.
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Old 03-11-2016, 02:59 PM
 
9,858 posts, read 13,955,066 times
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I was once paying for gas inside station in Hermitage, TN. Two guys inside plus cashier. I large Ford truck pulling away, with rather nice boat behind. One of the guys says - look at him. He's got a brand new truck and $30 000 worth boat and he was just arguing with you for 30 cents!
And I thought - yes, that's exactly why he HAS all this and YOU are envious.
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Old 03-13-2016, 10:51 AM
 
Location: Coos Bay, Oregon
7,142 posts, read 8,449,506 times
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In this article it says he also gets his hair cut in developing countries to save money. So he spends a thousand dollars to fly to a third world country, just so he can save $10 on a hair cut? I call him a BS artist. I don’t buy any of it.

Ikea founder Ingvar Kamprad admits to buying clothes in car markets
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Old 03-13-2016, 11:42 AM
 
3,211 posts, read 2,822,581 times
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Quote:
Originally Posted by KaaBoom View Post
In this article it says he also gets his hair cut in developing countries to save money. So he spends a thousand dollars to fly to a third world country, just so he can save $10 on a hair cut? :rolleyes: I call him a BS artist. I donít buy any of it.

Ikea founder Ingvar Kamprad admits to buying clothes in car markets
The article said he gets his haircut while he is already there. He is already there on business because the IKEA goods usually come from developing countries.

I'd agree he really isn't doing us any favors. Does flea market clothing actually mean it is used clothing? I'd say not necessarily. In my experience flea market goods are usually a mix of resale items and imported goods from third world developing countries. He probably is getting a lower price on usable items, but a portion of that money he spends is going to another country. Good for him for the short term. Bad for us for the long term because that money is not going into our economy to be re-spent... just like the money that goes to IKEA.
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Old 03-13-2016, 03:06 PM
 
Location: Coos Bay, Oregon
7,142 posts, read 8,449,506 times
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Quote:
Originally Posted by Sarahsez View Post
The article said he gets his haircut while he is already there. He is already there on business because the IKEA goods usually come from developing countries.

I'd agree he really isn't doing us any favors. Does flea market clothing actually mean it is used clothing? I'd say not necessarily. In my experience flea market goods are usually a mix of resale items and imported goods from third world developing countries. He probably is getting a lower price on usable items, but a portion of that money he spends is going to another country. Good for him for the short term. Bad for us for the long term because that money is not going into our economy to be re-spent... just like the money that goes to IKEA.
Exactly, if he was really frugal he would get rid of the business suits and just wear jeans and a t-shirt. He could get away with it, because he owns the company. But I donít think that's the type of person he is. He also owns three mansions, and was known to drive expensive sports cars when he was younger. So he owns a lot more then just the basic essentials. Iím not buying his meager lifestyle, but at least he doesn't flaunt his wealth like most billionaires do. Iíll give him that.
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Old 03-13-2016, 08:31 PM
 
Location: Texas
1,279 posts, read 1,149,824 times
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Quote:
Originally Posted by John1960 View Post
Want to end up a billionaire like Ikea founder Ingvar Kamprad?

No.
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Old 03-14-2016, 07:12 PM
 
141 posts, read 119,355 times
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People like us call ourselves "alternative source shoppers"!!!
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Old 03-14-2016, 07:21 PM
 
3,211 posts, read 2,822,581 times
Reputation: 9290
Quote:
Originally Posted by KaaBoom View Post
Exactly, if he was really frugal he would get rid of the business suits and just wear jeans and a t-shirt. He could get away with it, because he owns the company. But I donít think that's the type of person he is. He also owns three mansions, and was known to drive expensive sports cars when he was younger. So he owns a lot more then just the basic essentials. Iím not buying his meager lifestyle, but at least he doesn't flaunt his wealth like most billionaires do. Iíll give him that.
I don't know anything about this gentleman. I don't fault him for his mansions or sports cars. He obviously has the money. If cars and houses give him a quality of life he enjoys, then good for him. He has earned it. He buys the suits because he wants to project a professional image. That's ok. It's dressing for success. Frugality isn't about buying what's cheapest. It's more about bang for your buck and quality of life.
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