You can dress well on a limited budget. It is a matter of how you appropriate your money. I don’t spend much on anything that doesn’t matter to me. Lots of people will think nothing of spending $3,000 for a new set of golf clubs, or $10,000 for a sloop, or $60,000 for a swimming pool that they’ll use four times a summer. I think nothing of spending $5,000 for a suit, or $2,000 for a pair of hand-made shoes.