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

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

  1. Gibonius

    Gibonius Senior member

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    That's entirely the point. It reflects YOUR savings goals and preferences.

    For example, if a guy had, say, $1000 in the bank,
    would you think it's reasonable for him to buy $500 shoes?

    Some people would say that's absolutely mad.
    Others would see absolutely nothing wrong with that.

    So, the question again, at what number would you think a guy is mad for spending $500 on shoes.
    Again, $501 is a perfectly valid answer, and it reflects volumes. Just understand, that is not the only answer people will give.


    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."

    The question depends so massively on individual circumstances that we might as well just type random numbers >500 for all the meaning they'll have. That is, unless people feel like describing their complete financial situation, including assets and income, and their spending priorities. Think anyone will volunteer for that?
     
  2. Loathing

    Loathing Senior member

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    Yes, he gets it. Now, if he would only answer the question.
    Why didn't you just ask, 'what percentage of your disposable income do you spend on shoes'? Instead of all this bullshit, 'wuld u fink this dood is a jackass cus he spended 500 big ones on kicks?' I spend roughly $600 on shoes per $5000-6000 disposable cash I have.
     
  3. teddieriley

    teddieriley Senior member

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    Wait, you smell that?
    "In your opinion, what should a guy's liquid net worth be before he can "afford" $500 shoes?"

    I think what you are getting at is what each person's idea is, not what that person thinks someone else's worth should be. So you're asking the wrong question to begin with. I don't give a shit what someone else spends on anything.
     
  4. Carlisle Blues

    Carlisle Blues Senior member

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    Sure there is. Say someone had $500 saved, and bought $500 shoes, would you think he's an idiot, or would you think that's perfectly fine? If you answered "fine", then the discussion is over for you. However, if you said "idiot", then what is the number where you cross from "idiot" to "fine". There is a number, and it's different for everyone. This number will say a lot about about your financial mindset.
    Oh please........ This is an idiotic question which I attempted to show some respect for. What are the shoes worth to you. That is the real question. I set my parameters in my previous answer.
    I agree.
     
  5. makewayhomer

    makewayhomer Senior member

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    I figure the present value of someone buying my Alden ravello boots in 10 years is like $1k, so I think I profited $300 by buying them now
     
  6. trunks206

    trunks206 Senior member

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    I figure the present value of someone buying my Alden ravello boots in 10 years is like $1k, so I think I profited $300 by buying them now

    Damn it stop reminding me that I dont have a pair!!!! [​IMG]
     
  7. Quadcammer

    Quadcammer Senior member

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    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.

    get.
    over.
    it.
     
  8. voxsartoria

    voxsartoria Senior member

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  9. DocHolliday

    DocHolliday Senior member Dubiously Honored

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    At what point do I get to buy an iPad?
     
  10. Gibonius

    Gibonius Senior member

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    Seven figures? Wow...how many leading zeros?

    [​IMG]


    - B


    His figures, they are not significant.
     
  11. East2West

    East2West Senior member

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    My answers lies in my signature.
     
  12. Reevolving

    Reevolving Senior member

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    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.
    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.
    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!
    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.
     
  13. Reevolving

    Reevolving Senior member

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    At what point do I get to buy an iPad?

    Interesting comment.

    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.
     
  14. mjphillips

    mjphillips Senior member

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    Interesting comment.

    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.
     
  15. voxsartoria

    voxsartoria Senior member

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  16. asdf

    asdf Senior member

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    At what point do I get to buy an iPad?

    Depends on how many kidneys you have.
     
  17. SpooPoker

    SpooPoker Internet Bigtimer and Most Popular Man on Campus Affiliate Vendor Dubiously Honored

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    Seven figures? Wow...how many leading zeros?

    [​IMG]


    - B


    Flawless.
     
  18. musicguy

    musicguy Senior member

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    A cheap way of having an iPad is to append, "Sent from my iPad," in your email and stuff.


    - B


    O rly?

    -Sent from my iPad
     
  19. Patek

    Patek Senior member

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    How many zeros do you have to earn before you can afford a Russian bride?
     
  20. musicguy

    musicguy Senior member

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    How many zeros do you have to earn before you can afford a Russian bride?

    You'd have to have a string of zeros. Maybe a few ones and twos, before mail order brides become a viable option in your mind. I can't even imagine banging a 1 or 2. Uggggg
     

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