The wrong way to spend your money

For those of you who cannot view the video, a 26-year-old lawyer living in Manhattan calls into The Suze Orman Show during the "Can I Afford It?" segment. He would like to spend $35,000 to upgrade his wife's engagement ring from 1 carat to 3 carat, in order to "give the impression of success." He calls himself "pretty conservative about many things" but the ring is "an investment piece."

$35,000? On a diamond? He needs to buy himself some gold bars, like the one Hank received on the pilot episode of Royal Pains. This man has the same problem as public-school-Taylor from NYC Prep: spending money you don't have will not impress people who would never like you anyway.

.