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

Discussion in 'Classic Menswear' started by Reevolving, Jun 9, 2011.

  1. Reevolving

    Reevolving Senior member

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    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?
     
  2. voxsartoria

    voxsartoria Goon member

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  3. Patek

    Patek Senior member

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    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.
     
  4. DerekS

    DerekS Guyliner

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    you can afford $500 when you have $500. [​IMG]
     
  5. acecow

    acecow Senior member

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    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.
     
  6. JamesX

    JamesX Senior member

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    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.
     
  7. viator

    viator Senior member

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    When you can wear them without fear of ruining them.
     
  8. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    you can afford $500 when you have $500. [​IMG]

    Clearly this is the answer. I would say he is a jackass if he has less than $500 and he buys $500 shoes.
     
  9. JGloger

    JGloger Senior member

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    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. [​IMG]
     
  10. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    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. [​IMG]

    Sounds like a great life.
     
  11. JGloger

    JGloger Senior member

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    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.
     
  12. Reevolving

    Reevolving Senior member

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    When you can wear them without fear of ruining them.
    [​IMG]
    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.
     
  13. francoamerican

    francoamerican Senior member

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    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
     
  14. acecow

    acecow Senior member

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    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. [​IMG]

    Clearly, it's a worthy sacrifice.
     

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