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I do own blazers and suits, but I use them for special occasions only. Should I wear them during the day? Wouldn't it be out of place?
Depends where you spend your days. If you're a personal trainer at a gym, such accouterments would probably be overkill; if you work in an office, not so much.
The rule I follow is to dress one level above how everyone else will be dressed wherever I'm going. For example: if the majority of a crowd is wearing t-shirts, I will show up in a polo. If they're in polos, I'll wear a collared dress shirt. If they're all in collared dress shirts, I'll wear a blazer and jeans. If they're in blazers with jeans, I'll wear a suit. If they're wearing suits, I'll wear a better-tailored suit.
The point here is not to look better than the people around you - that's a side-effect. The point is to convey respect for whoever it is you're hanging out with, and that's communicated by how well you prepare yourself for the event in question.
Your boy,
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