You obviously have to dress respectably at least to have a job or profession where you do really well. Where do the wealthy buy clothes assuming they don’t have a personal shopper? I hear the stories of “ oh Warren Buffett buys clothes at Walmart”
No way. Walk into a Walmart or Target and it’s only weird old guys with white tube socks and sandals or fat pre teens shopping for clothes. These wealthy cats that have real jobs have nice wardrobes. They don’t have time to roam the clearance racks at Marshall’s or TJ Maxx. So what gives? Ever seen a closet of a NBA player? No frugality there. I remember a story about Shaq dropping $50,000 at a Walmart once.