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

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

  1. Wes Bourne

    Wes Bourne Senior member

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    How long you think before this becomes a pissing contest? Or, am I too late?

    Did someone say pissing contest?...

    A: When you can run full stride in them, without worrying about ruining their pristine soles, like so:

    [​IMG]
     
  2. artoftime

    artoftime Senior member

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    I'd like to hear Aportonoy chime in here
     
  3. Reevolving

    Reevolving Senior member

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    100k LNW is absurd

    Not at all. If anything, it's probably on the low side.
    I'd bet almost everyone I know > $100k liquid net worth would never spend $500 on shoes.
    If their net worth were exponentially higher, they might reconsider.

    Personally, in my early days, there was no way I'd have dropped $500 on shoes with only $100k in the bank.
    I waited much longer after that, but that is also a function of age and interest level.
    Back then, I simply didn't give a shit about shoes, so I didn't spend much on them.
    Makes me wonder if I had gotten bitten by the SF bug all those years ago, if I'd have splurged.
     
  4. Brianpore

    Brianpore Senior member

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    A friend of mine answered the poll via email.
    His answer: $100,000


    +1 Nice round number to feel like you can spend some of it.
     
  5. jrd617

    jrd617 Senior member

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    1-star threak! Reev delivers again!
     
  6. newinny

    newinny Senior member

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  7. scientific

    scientific Senior member

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    Not at all. If anything, it's probably on the low side.
    I'd bet almost everyone I know > $100k liquid net worth would never spend $500 on shoes.


    having money != having good taste
    50c/day is less than most people's soda budget.
     
  8. Nicola

    Nicola Senior member

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    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.

    But the pants come off and the shoes can stay on. So from a value for money point of view you should be looking at shoes.
     
  9. MikeDT

    MikeDT Senior member

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    All depends on what a person can afford doesn't it? If buying the $500(USD) shoes means one's family is going to go hungry, or put one behind on HP or rent, or the electricity gets cut off, buying 500 buck shoes is probably not such a great idea. But then I've known people in the UK buy huge expensive plasma TVs on the never-never, and they yet can barely afford to feed and clothe their children, and are behind on the rent. Myself, I could afford to buy $500 shoes, if they where available, and not have to go without essentials. But I don't think they're worth it and are a unnecessary luxury. I think $30-$50 shoes can do the same job, and no one's going to really notice anyway. BTW I've actually received complements on a pair of oxfords I bought at the local market for 90RMB, that's like $15.
     
  10. Mr. Moo

    Mr. Moo Senior member

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  11. Stewbone

    Stewbone Senior member

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    I personally have a low net income but I tend to buy my aldens by saving (+-)$100 a month. During this period of 3-6 months of saving I have plenty of time to find great deals on slightly used pairs to help save even more.
     
  12. Barnabus

    Barnabus Senior member

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    I personally have a low net income but I tend to buy my aldens by saving (+-)$100 a month. .

    Pretty much this for me too. It can vary depending on whether the person is saving up for it or not

    If i cant find an steal on ebay i just save up my cookies

    Its not a sensitive subject for me, Besides i'm young and good looking so
    [​IMG]

    [​IMG]
     
  13. facet

    facet Senior member

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    [​IMG] One meelleeun dollars.
     
  14. crinklecut

    crinklecut Senior member

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    You know, Reevolving, you're kinda like one of the aliens from 3rd Rock, unsure of yourself and always trying to figure out what's technically correct or socially acceptable or whatever. I wonder where you are on the autism spectrum.
     
  15. Stazy

    Stazy Senior member

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    If I want to buy something, and I have enough money for it, then I buy it. No further calculations needed. This applies to everything, not just shoes.
     
  16. Doug11

    Doug11 Well-Known Member

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    I could buy over 30 sets of these shoes each month out of my take home pay - but I choose not to.

    I scour thrift shops, online sales and only buy when I get a good deal.

    Last 2 suits I bought 2nd hand off Ebay for about 10% of thier original price.
     
  17. Patek

    Patek Senior member

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    I could buy over 30 sets of these shoes each month out of my take home pay - but I choose not to. I scour thrift shops, online sales and only buy when I get a good deal. Last 2 suits I bought 2nd hand off Ebay for about 10% of thier original price.
    What is wrong with you? You take home $15k and you buy your clothes at thrift shops? You must have a problem.
     
  18. Galix

    Galix Senior member

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    As a young person building up his wardrobe with quality clothes, I understand your concern.
    So for me the limit is marked by: A. Percentage of net income (after taxes) and B. How much FCF you have.
    For instance, I set every month a budget, which in my case goes: 33% rent + food + other essential things; 33% savings and 33% free cash I can spend in whatever I want, 99% of which goes to clothes.
    That means that, for instance, if I want to buy expensive shoes (let's say some Carmina cordovan boots), I'm very likely to plan and save every month a quantity of my FCF and buy them. Or, buy them directly knowing I won't be buying more stuff that month.
    So, where's the limit? Basically in the 33%. I take it seriously and so far haven't fallen into temptation to spend over that. And another gold rule for me: NEVER ever, under any circumstance, buy on credit.
     
  19. stu00a

    stu00a Senior member

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    Think as an investment.
     
  20. Gibonius

    Gibonius Senior member

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    Interesting. 61 replies and almost zero serious answers. I think OP touched on a sensitive subject.

    I reject the notion that this is an "unanswerable" question. This entire forum is based on opinion, judgement, evaluation etc. Thousands of so called unanswerable questions have been tackled here about cuffs, lapels, and bla bla ad infinitum.


    People are happy to talk about the subjective question of taste in clothing. They are much less happy to talk about highly personal questions of financial standing and spending priorities, which are essential to give any kind of meaningful answer to this question. The question can be answered, but it's just not the kind of thing people have any interest in discussing in this venue.
     

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