Is it normal?
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From: Alexandria
Originally Posted by seung,Dec 5 2007, 03:37 PM
what kind of a loser state of mind is this?
why don't you start eating $.99 mcdonald's meal everyday?
your retirement will be even greater.
why don't you start eating $.99 mcdonald's meal everyday?
your retirement will be even greater.
Its not that I'm cheap, I have lots of money invested(2 houses,401k, Roth IRA,stocks etc...), its that I don't see the point in putting $100's into something that you get nothing more than something way cheaper.
s2000raj: Security isn't really my concern. I'm acutally a pretty risky spender considering some of my investments. But your definantly right about retirement; I want to be able to enjoy my family, travel, and still have something to pass on.
Lastly, I really don't care what you spend your money on. Everyone has their soft spot for splurging. I just like to think that more people would consider the furture vs. the present and spend accordlingly.
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From: omotesando
Originally Posted by s2000raj,Dec 6 2007, 12:50 AM
Seung, it's not a loser statement. There's nothing wrong with doing what he's doing. I know people that are multimillionaires who are cheap. They live way below their means. They have from this:
1. Security (if anything happens they have tons of money saved.)
2. Ability to retire very early and maintain their lifestyle.
Just because they don't spend like you and I and buy fancy things doesn't mean they don't enjoy their lives.
1. Security (if anything happens they have tons of money saved.)
2. Ability to retire very early and maintain their lifestyle.
Just because they don't spend like you and I and buy fancy things doesn't mean they don't enjoy their lives.
i only understood the statement from a totally different point of view.
my apologies.
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Originally Posted by S2KNightRider,Dec 5 2007, 02:16 PM
With a few exceptions, I'm curious to see what those who spend $100+ on a single pair of jeans are going to be wearing when retirement comes, or you get older and have more responsibilities.
I personally own 1 pair of jeans...from Old Navy...on sale. I don't get any fewer girls, lesser paying job, less enjoyment, poor comfort, or anything from buying $40 jeans vs. $100+ name brand jeans.
I can understand people spending alot of money on personal items, say watches and jewlery, that increases in value...but something that wears,tears, and deteriorates=
I do however, enjoy the thought of being able to enjoy retirement at an early age, with my payed for house, Porsche, and a wonderful family.
Just my .02.
I personally own 1 pair of jeans...from Old Navy...on sale. I don't get any fewer girls, lesser paying job, less enjoyment, poor comfort, or anything from buying $40 jeans vs. $100+ name brand jeans.
I can understand people spending alot of money on personal items, say watches and jewlery, that increases in value...but something that wears,tears, and deteriorates=
I do however, enjoy the thought of being able to enjoy retirement at an early age, with my payed for house, Porsche, and a wonderful family.
Just my .02.
It's all relative.
My total cost of all my jeans I own right now is: $250.
That includes one $200+ pair and one ratty "work in the garage" pair.
I wear "nice" jeans maybe once per month, so I don't mind spending money on it.
Shouldn't we be indexing the cost of total jeans to the annual income?
And subdividing it by useage? Some people wear jeans to work like I wear suits. I'm guessing that Seung may have a situation like that. In that case, $200 pants / jeans sounds like a bargain...
I'm more likely to get my suits dirty than my "nice" jeans.
The dirty jeans... well, that's a different story.
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From: Ventura, California, USA
Originally Posted by CKit,Dec 9 2007, 01:34 PM
Sounds a little "sour grapes" to me.
It's all relative.
My total cost of all my jeans I own right now is: $250.
That includes one $200+ pair and one ratty "work in the garage" pair.
I wear "nice" jeans maybe once per month, so I don't mind spending money on it.
Shouldn't we be indexing the cost of total jeans to the annual income?
And subdividing it by useage? Some people wear jeans to work like I wear suits. I'm guessing that Seung may have a situation like that. In that case, $200 pants / jeans sounds like a bargain...
I'm more likely to get my suits dirty than my "nice" jeans.
The dirty jeans... well, that's a different story.
It's all relative.
My total cost of all my jeans I own right now is: $250.
That includes one $200+ pair and one ratty "work in the garage" pair.
I wear "nice" jeans maybe once per month, so I don't mind spending money on it.
Shouldn't we be indexing the cost of total jeans to the annual income?
And subdividing it by useage? Some people wear jeans to work like I wear suits. I'm guessing that Seung may have a situation like that. In that case, $200 pants / jeans sounds like a bargain...
I'm more likely to get my suits dirty than my "nice" jeans.
The dirty jeans... well, that's a different story.
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Joined: Nov 2001
Posts: 59,195
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From: Ventura, California, USA
don't worry ckit, you know I have no beef with you, ham maybe but not beef 
I've been posting off of the iPhone all day because my laptop is dead. I think I just missed your point.
There is a valid point on spending. Let's say I buy a 100000 car, if I invested that 100k in 15-18 years when my kids to to college that 100k will be about 800k assuming 6 year doubling. The thing is what he does not take into account is the ability to make and invest other monies. My point is that the purchase makes the person happy, and sometimes that's justification enough. I work very hard to provide a strong future for my family. I don't need to retire early, I love my job. Eventually I'll cut back, but if possible I want to work at some capacity until they won't let me come to work.
I've been posting off of the iPhone all day because my laptop is dead. I think I just missed your point.
There is a valid point on spending. Let's say I buy a 100000 car, if I invested that 100k in 15-18 years when my kids to to college that 100k will be about 800k assuming 6 year doubling. The thing is what he does not take into account is the ability to make and invest other monies. My point is that the purchase makes the person happy, and sometimes that's justification enough. I work very hard to provide a strong future for my family. I don't need to retire early, I love my job. Eventually I'll cut back, but if possible I want to work at some capacity until they won't let me come to work.
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From: Alexandria
CKit: exactly. It seems as though s2000raj and others have that availible cash, so I'm fine with them spending that on pricey jeans.
I personally, don't want to work my life away. I'm here to work to live, not live to work. I plan on having a decent size family, and I want to be able to enjoy them and be involved. That being said, I'm putting as much $ away now as I can, so I can enjoy life later.
IMO, people spend too much now, and forget about later.
Just my .02. Not bashing peoples spending choices.
I personally, don't want to work my life away. I'm here to work to live, not live to work. I plan on having a decent size family, and I want to be able to enjoy them and be involved. That being said, I'm putting as much $ away now as I can, so I can enjoy life later.
IMO, people spend too much now, and forget about later.
Just my .02. Not bashing peoples spending choices.
