or Connect
Styleforum › Forums › Men's Style › Classic Menswear › Net worth before you can "afford" $500 shoes?
New Posts  All Forums:Forum Nav:

Net worth before you can "afford" $500 shoes? - Page 10

post #136 of 194
Quote:
Originally Posted by Loathing View Post
^^^ Those words are unfortunately undermined by the grammatically incorrect full stop.
Well I did say "some degree". I am a shoemaker not an English professor. I am not even all that well read...I've never read Jane Austen, for instance. So please detail my mistake so that I may avoid repeating it.
post #137 of 194
Quote:
Originally Posted by DocHolliday View Post
Delighted by the new sweet chili McNugget sauce.
[Smack, Smack] That sounds like dinner.
post #138 of 194
Quote:
Originally Posted by Loathing View Post
^^^ Those words are unfortunately undermined by the grammatically incorrect full stop.
Oh! I get it...the period after the "aforethought". I have never gotten that straight in my head...until now. Thanks.
post #139 of 194
People who have these kind of standards for inanimate objects are merely trying to stroke their own ego.

It's just shoes man. If you like it and can afford it, you buy it. It's pretty damn simple.

To guys, $500 for shoes might appear to be a lot of money but for a chick, that's a shitty handbag.
post #140 of 194
It's not that much for a pair of shoes, let's be reasonable we're on the styleforum here not the hardware forum or something ridiculous like that.

I think income is a better indicator of whether or not you can "afford" $500 shoes than the OP makes it out to be. Income reflects somewhat whether or not $500 shoes will pay you back some as an asset, since a 40K job isn't likely to be one where a $500 loafer would fit well while anything even over $80K I'd say it's a good deal and not something that should affect you financially.

If affording a $500 shoe is even a question, then you're probably not managing your finances correctly tbh.
post #141 of 194
Quote:
Originally Posted by DWFII View Post
Oh! I get it...the period after the "aforethought". I have never gotten that straight in my head...until now.

Thanks.

Haha, I'm sorry for having been so petty. It is really an insignificant detail. But, at the age of 12 I was beaten up rather badly by an older boy at school for making that very same error whilst doing his homework. British boarding schools . I can thank him though, because I'll never make a grammatical mistake again.
post #142 of 194
Quote:
Originally Posted by SirGrotius View Post
It's not that much for a pair of shoes, let's be reasonable we're on the styleforum here not the hardware forum or something ridiculous like that.

I think income is a better indicator of whether or not you can "afford" $500 shoes than the OP makes it out to be. Income reflects somewhat whether or not $500 shoes will pay you back some as an asset, since a 40K job isn't likely to be one where a $500 loafer would fit well while anything even over $80K I'd say it's a good deal and not something that should affect you financially.

If affording a $500 shoe is even a question, then you're probably not managing your finances correctly tbh.

Honestly, if a guy working a 40K job wears a $500 pair of shoes, it's not neccessarily a bad thing since he's abiding by the "dress for the position you want to have" rule.

The guy might be interfacing with a lot of 80K folks so if he does wear the $500 shoes, I think it's a positive thing since he's representing the company in a better light.
post #143 of 194
Quote:
Originally Posted by Loathing View Post
Haha, I'm sorry for having been so petty. It is really an insignificant detail. But, at the age of 12 I was beaten up rather badly by an older boy at school for making that very same error whilst doing his homework. British boarding schools . I can thank him though, because I'll never make a grammatical mistake again.
Really...no problem. My thanks were sincere.
post #144 of 194
Assuming you have no children:

Yearly income of $150K.

Net worth would vary by age. Just out of college, not much. At retirement (and/or time of inheritance), $3M+.

For each child, add .5 of the numbers posted.

Until this point, I suggest AE seconds.
post #145 of 194
Quote:
Originally Posted by viator View Post
When you can wear them without fear of ruining them.
This is indeed the answer for being able to afford anything. If one worries about ruining something, one can't afford it.
post #146 of 194
Dumb question. It would be less dumb if reevolving didn't try throw financy terms around to make it sound smart, but since he did he is expected to know marketing 101 and the concept of 'value'. And this 'value' is why a broad on minimum wage bust her own ass and go knee deep in debt getting a $2000 handbag. This value is also why some people would pay $2000 for a suit but wouldn't pay more than $100 for a pair of jeans.
post #147 of 194
I'm planning to purchase a pair of $500 shoes next year from Reevolving, and would presumably finance the acquisition through some combination of cash, debt, and equity sale or transfer. Reevolving's cash on hand is approximately $500, and let's assume mine is $100. I'm uncertain about the future, and particularly, about how the Fed's actions might affect my borrowing costs in the coming year. Furthermore, I've got a coming B&S sale in three months, and I am trying to sell $200 worth of merchandise in said sale; I'm estimating that I have about a 50% chance of achieving 100% sell-through of all inventory. Inventory unsold at this sale will be held in storage at a cost to me of $25 per month for the full lot (so we can consider this a fixed $25 monthly fee, with no marginal cost associated with n+1 items versus n items in storage). All inventory was stolen in the first place (from SpooPoker), and as such, there is no COGS to worry about. Please advise.
post #148 of 194
Quote:
Originally Posted by Don Carlos View Post
I'm planning to purchase a pair of $500 shoes next year from Reevolving, and would presumably finance the acquisition through some combination of cash, debt, and equity sale or transfer.

Reevolving's cash on hand is approximately $500, and let's assume mine is $100. I'm uncertain about the future, and particularly, about how the Fed's actions might affect my borrowing costs in the coming year. Furthermore, I've got a coming B&S sale in three months, and I am trying to sell $200 worth of merchandise in said sale; I'm estimating that I have about a 50% chance of achieving 100% sell-through of all inventory. Inventory unsold at this sale will be held in storage at a cost to me of $25 per month for the full lot (so we can consider this a fixed $25 monthly fee, with no marginal cost associated with n+1 items verus n items in storage).

Please advise.

You should use your $100 to buy a 20% equity stake in Reevolving's $500 shoes immediately, to get your foot in the door, so to speak. If your B&S sale goes well, you should gradually buy additional 5-10% lumps of equity in said shoes. Once you reach a point where you own close to a 50% steak in these shoes, you should consider a leveraged buyout. You can then use the income generated by the shoes (see above for more on 'leather goods in prostitution') to pay the interest payments.
post #149 of 194
Quote:
Originally Posted by Loathing View Post
You should use your $100 to buy a 20% equity stake in Reevolving's $500 shoes immediately, to get your foot in the door, so to speak. If your B&S sale goes well, you should gradually buy additional 5-10% lumps of equity in said shoes. Once you reach a point where you own close to a 50% steak in these shoes, you should consider a leveraged buyout. You can then use the income generated by the shoes (see above for more on 'leather goods in prostitution') to pay the interest payments.
Will you help me line up the debt financing and a secondary buyer for the shoes once I own them and want to dump? Also, can you help me set up derivatives of the shoes to sell off in some fashion? Maybe based on the risk that Reevolving actually wears them and ruins their pristine soles?
post #150 of 194
Take a peek into MC and see this, shake head, confirms B&S is the really the only reason to visit SF anymore.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Classic Menswear
Styleforum › Forums › Men's Style › Classic Menswear › Net worth before you can "afford" $500 shoes?