If I had $1000 in the bank and had just landed a $500,000 a year job, it would be trivial to buy the shoes. If I had $10,000 in the bank and had just lost my job, it would be utterly stupid to buy the shoes. Circumstances matter at least as much as "net worth."
Some people, when losing a job, actually spend more. They finally have free time to spend some of that money they've been accumulating. They may assume they'll be re-employed within a year, etc. You, OTOH, find more security in present cashflow over net worth. One could reach the opposite conclusion, as well. With $1k saved, and the new $500k job hardly being secure, You (or the hiring mgr) could get fired within the first week Some would feel more comfortable spending $500 with $10k in the bank, and unemployed. I find this interesting. You may not.
Originally Posted by Loathing
I spend roughly $600 on shoes per $5000-6000 disposable cash I have.
Ok, so you'd need $5000 in the bank before you'd want to spend $600 on shoes.
Originally Posted by teddieriley
I don't give a shit what someone else spends on anything.
Really? So, if you see a family earning $24k and having 7 kids, you don't think anything of it? When you see a guy working at Taco Bell and wearing a $1000 hoodie, NOTHING crosses your mind? Fascinating!
Originally Posted by Quadcammer
this is clearly a sad attempt to attempt to justify to yourself that you can afford your daltons because of your 7 figure net worth, 6 figure income, blah blah blah. .
LOL, no. I have a very firm grasp on my finances and spending habits. Anyone looking for external validation on something so personal (spending priorities) is headed for trouble. Like I said in the other thread, I certainly know what I can afford, but became curious how various people interpret the word "afford" when it was raised.
I'd bet the average net worth number expected to justify an iPad is significantly lower than
what people would report to justify a $500 pair of shoes.
Agree with this - though one reason I would give to explain is that there isn't a comparable substitute for the ipad, especially at a lower price, while most think $100 dress shoes do the trick just as well as the $500 kind.