Originally Posted by ktrp
For young people, income is certainly the reasonable driver, not net worth, especially if you are buying a business wardrobe.
If you are young and just landed 200k job that's going to rise to 500k, and you need an instant wardrobe, I wouldn't necessarily think dropping 5k on shoes/clothes would be unreasonable even if you had negative net worth (go student loans!)
I also think a pair of $500 shoes is more reasonable then an ipad. I'm still wearing shoes I bought 10 years ago, I'm not using many electronic devices that are over 36 months old.
100% agree with this. especially the ipad part, people dont think of electronics as investments because they obviously will be obsolete shortly after, but a good pair of shoes that last, well then i wouldnt really look at it as "expensive" at 500, when what you get out of them will be worth every penny