Christmas Gift Tips
Top Ten Most Expensive Christmas Gifts 2007
(Houston, TX/November 30, 2007) -- American’s are expected to dish out a staggering $474.5 billion this year on Christmas shopping, according to the National Retail Federation (NRF). Jim Trippon, CPA and one of America’s foremost authorities on the money habits of self-made millionaires, has released his annual list of the most expensive gifts to give your loved ones this holiday season.
“Each year it seems that American’s top themselves in spending for Christmas,” says Trippon, “If you can afford the best without going into debt, that’s great! But I think most people forget that this holiday is about being in the right spirit, not getting overloaded with debt, which often produces money arguments the rest of the year.”
The NRF said that Americans plan to spend an average of $923.36 in total this year, up 3.7 percent from the previous year’s statistics. Given the credit card rates that are often at 24 percent and assuming minimum payments, Trippon says that this year’s holiday shopping will cost the average consumer closer to $6458.87 when interest and finance charges are included.
Here is Trippon’s annual top 10 list of the most expensive Christmas gifts for 2007:
- Bugatti Veyron - $1.7 million
- Neil Lane 15 Carat Diamond Earrings - $750,000
- Runco 103-Inch Plasma Display - $99,995
- Swami Conversational Robot - $75,000
- Tiffany & Co. 72.86-carat Aquamarine Brooch with Diamond Bow in Platinum - $100,000
- Vertu 7.2 Carat Pink and White Diamond Phone - $73,000
- Fendi Selleria Bag - $38,000
- Polar Explorers North Pole Dogsled Expedition - $37,500
- Serendipity Frrrozen Haute Chocolate - $25,000
- Friends of Cashmere Classic Pet Bed - $399
Trippon believes that people avoid arguing about finances when they take the time to become educated about money together.
“Get real and deal with your budget,” says Trippon, “Be honest with each other about your money habits and come up with a plan to spend it as a couple. It will improve your love life!”
Trippon is the author of the Amazon best-seller, How Millionaires Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You and the upcoming title, China Stock Guru.
For further information or to schedule an interview with Jim Trippon,
contact Kelley Damiani at 713-661-3806.
The online media center is located at: Christmas Gift List 2007.
Publication Data: How Millionaires Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You – by Jim Trippon, CPA; Published by Bretton Woods Press LLC and distributed by Midpoint Trade Books; February 2004; 254 pages; 21.95; 6x9 Hard Cover; ISBN: 0-9723389-1-8