Looks like an impact to me too!
As far as tool boxes go, a pro, especially a flat rate guy needs to be able to access his tools quickly to maximize his income as well as have the best tools available to get the job done quickly. That is why they invest in big boxes and lots of tools that they may not NEED, but make the job easier and quicker.
So in essence, what I am saying is he may not have been throwing away his money but investing in his career.
Do folks get carried away,,,,,,,,sure. To people finance too much,,,,,,sure but not everybody falls into that category.