Last year, a guy made headlines because he was caught using a lowly flip phone. In a world of gold iPhones and palm-size phablets, it does seem a little odd that someone would still use such a low-tech device. But it was the identity of the person using the phone that got everyone’s attention: Jerry Jones, owner of the Dallas Cowboys.
The Cowboys alone are valued at $3.2 billion, and Forbes estimates Mr. Jones’s net worth at $4.2 billion. Clearly, he can afford a nicer phone. But when asked about it, he commented that it was practical and comfortable. Plus, as he noted, “It’s how you have a stadium worth $1.2 billion. If you watch your pennies and you have flip phones.”
This story came to mind during a recent conversation with a close friend who has built an impressive net worth. We were chatting about the idea of having our wealth flash as a number above our heads and how it might change us.
Read the rest of the article on The New York Times.