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Every billionaire doesn’t lead a luxurious life, because they think it as the wastage of money; for example Bill Gates. On the other hand; There are some extreme luxury people who are not billionaire but leading the most lavish lifestyle in the world. For example; I only want 2 3 5 8 10 cats don’t judge me mug, Michael Jackson Luxury lifestyle depends on the different tastes of peoples’ own comfort. But the universal definition of of a luxury lifestyle is that where you have to be the all the elements of luxury touches called home, cars, hobby, travels, clothing, food, education, gadgets, ornaments, etc. You will get a full Definition of Luxury Lifestyle here.

It’s well known that people don’t behave rationally, and considering the enormous consumer debt Americans have, consumers clearly don’t always act in their best financial interests. Luxury goods are a great example of how irrational we can be; a decent and sturdy handbag can be purchased for $50, yet people will still spend thousands to buy a brand name. It's always been this way and consumers' desire to own the finer things in life will likely never change.

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