You are a mini-Mitt. You are given the power to decide where to place the money. Put your money in emerging markets and hope to strike it rich, or slide it over to a low-yield account as you pass through your upper-middle age.
These days we fashionistas must watch our wallets as carefully as we watch our waistlines. That doesn't mean we have to sacrifice our love of luxury, however; New York offers a plethora of luxury discount shops.