Beware the Gucci Carpetbagger – and Other Literary Financial Lessons

Photo by Janko Ferlič on Unsplash

One of my favorite pastimes, dare I say, self-indulgent ways to spend my time is reading.  I can’t help it. I love to read.  So knowing that I had to work this weekend AAAANNNDD write some posts for my blog, I decided instead to curl up with a nice book instead. We all have our vices. But in the midst of my beautiful, self indulgent past time I found a way to be productive and decided I could weave my love of reading into my need to write this post.  Following are some good financial tips inspired by some of my favorite literary quotes and stories.

  1.  “Gucci Carpetbaggers” – Demographics in business is of utmost importance.  In Midnight In The Garden of Good & Evil, by John Berendt, Miss Harty admonished what she called the “Gucci Carpetbaggers” for coming to Savannah and trying to change it into a more commercial, contemporary city.  The take away – you don’t know what’s best for the new community you’re opening in unless you’ve taken the time to really KNOW the community – the people and their history and affabilities .  Doing so will build trust and reputation and save you from making enormously destructive business decisions.  The same goes for personal finances, be aware of your needs and comfort levels before making those “must have” purchases.  Don’t be swayed by those Gucci Carpetbaggers who claim that designer “stuff” will improve your life.
  2. With enough courage, you can do without a reputation” – business and investing moves fast and you simply can’t sit around being satisfied with what you did in the past.  You have to look forward and move ahead and even take calculated risks to move your business and your personal finances forward.  Set goals constantly – and with every step toward completion, extend that goal – don’t be afraid to try something based on others’ criticisms.   Oh, and let’s credit the quote that kicked off this tip to the fabulous Rhett Butler in Gone With The Wind, by Margaret Mitchell.
  3. “Follow The Yellow Brick Road” Did you know that The Wonderful Wizard of Oz, by Frank L Baum was thought to be symbolic of the American monetary system and the need for change in the 1890’s?  The Emerald City is the illusion of our greenbacks which should have been backed by gold but is now nothing more than a promise. It’s important to remember that when Dorothy and her crew got to the Emerald City, the Wizard was not able to give them what they wanted. There are a lot of similarities between gold and power – it’s truly fascinating.  BUT, the point I want to make today is that money, in general, is actually an illusion.  It will help  satisfy our needs, but following the path towards money will not bring us happiness. Follow the road toward your desired lifestyle instead.  Money will simply take you down the never-ending path of chasing  more money.  But chasing your desired lifestyle leverages the value already within yourself – your gifts, your power, your intuition.  Let your desired lifestyle lead you to making the best financial decisions for you and your family or business.

What about you?  Do you have a favorite book, song or movie that inspires you and your relationship with money?  Please comment below or contact us, we’d love to talk about it with you.

We’ll chat again soon –





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