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Net worth before you can "afford" $500 shoes?

post #1 of 194
Thread Starter 
Simple question: In your opinion, what should a guy's liquid net worth be before he can "afford" $500 shoes? (Your answer is a number) Conversely, below what level would your natural reaction to his $500 shoes be: What a jackass! First, please note the use of quotations above. This is not a literal question. (eg: When he has $500.01, duh!) That said, $500.01 certainly is a valid answer. I am using net worth and not salary because the latter can be a very weak gauge of one's financial solvency. Free Cash Flow (FCF) paints a more direct picture. I also deliberately picked the $500 threshhold, and not $300 for AE's, et al. $500 is a different pricing paradigm entirely, and is probably 3 SD's over the average shoe expenditure. At this level, one has deliberately groomed himself as a "serious shoe guy". So, at what point does a guy have no business wearing $500 shoes, and be viewed as a fraud/idiot? Alternate question: What other criteria would you use in deciding whether a guy can afford $500 shoes?
post #2 of 194
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post #3 of 194
As you stated, it depends more on his cash-flow than his LNW. After all bills are paid, investments are invested and savings are saved, you would need to have about $1000 in expendable income of which half could go to shoes.
post #4 of 194
Reevolving, you are an awful poster.
post #5 of 194
you can afford $500 when you have $500.
post #6 of 194
Quote:
Originally Posted by edmorel View Post
Reevolving, you are an awful poster.

Why? This could lead to an interesting discussion. As a male prostitue, I'd much more readily invest in quality slim fit pants, than expensive shoes.
post #7 of 194
Well you would need enough discretionary income to pay for the $50 a jar Conditioner, the $30 a can polish, the $100-300 resole every year or two, $100 for Galoshes, then those costs (including the shoe) x4 for a minimal rotation.
post #8 of 194
When you can wear them without fear of ruining them.
post #9 of 194
Quote:
Originally Posted by DerekS View Post
you can afford $500 when you have $500.

Clearly this is the answer. I would say he is a jackass if he has less than $500 and he buys $500 shoes.
post #10 of 194
Depends on other expenditures in addition to his cash flow. I could 'afford' $500 shoes if I dumped my girlfriend, lived on ramen and moved back in with my parents.
post #11 of 194
Quote:
Originally Posted by JGloger View Post
Depends on other expenditures in addition to his cash flow. I could 'afford' $500 shoes if I dumped my girlfriend, lived on ramen and moved back in with my parents.

Sounds like a great life.
post #12 of 194
Quote:
Originally Posted by patrickBOOTH View Post
Clearly this is the answer. I would say he is a jackass if he has less than $500 and he buys $500 shoes.

Haven't you heard? Credit is the new cash.
post #13 of 194
Thread Starter 
Quote:
Originally Posted by viator View Post
When you can wear them without fear of ruining them.
Quote:
Originally Posted by patrickBOOTH View Post
Clearly this is the answer. I would say he is a jackass if he has less than $500 and he buys $500 shoes.
First, please note the use of quotations above. This is not a literal question. That said, $500.01 certainly is a valid answer.
post #14 of 194
I'm sorry but this is not a good question as there is no answer to it. It's like dividing by zero.

If you have access to food and housing and $500 on top of that and you want to spend $500 on shoes then I think you can afford them.

Net worth is pretty meaningless unless you are talking about retiring or becoming disabled.

FA
post #15 of 194
Quote:
Originally Posted by JGloger View Post
Depends on other expenditures in addition to his cash flow. I could 'afford' $500 shoes if I dumped my girlfriend, lived on ramen and moved back in with my parents.

Clearly, it's a worthy sacrifice.
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