- Dec 22, 2003
- Reaction score
Though what you say is true, it does not take into account the fact that the real value of a dollar does not change. Â Thus its relativity exists only in the mind of the consumer.This topic is along the same lines as a discussion that was brought up a few weeks ago about finding brand name goods at outlets. Â
Its simple really- you have to let go of the notion that a $3500 suit is the same cost for everyone. Â To someone who has 3 million dollars in the bank, that $3500 suit is the equivalent to a college kids A&F tee shirt. Â Proportionally, in terms of their means, they both represent a certain percentage of their net worth. Â If someone has $500 in their bank account, and they spend $300 on a suit, one can argue that its a much worse deal and more of a strain on his checkbook than a man who buys a $15,000 vicuna overcoat when he has 1 million in the bank.
I think for some of the younger guys on the forum who may not have the money as someone older, this is a hard concept to really understand.
In other words, as I acquire greater wealth my threshold for (spending) pain has not increased proportionately. Â I think it's still the notion of dropping 3 G's on an article of clothing that some people still struggle with.