I always see this shit and laugh. It’s sound logic, sure, but not applicable to most people living paycheck to paycheck in America. Which bills should I skip for multiple months in order to have excess money to buy $400 footwear that I HOPE stands up to the test? I usually get a year or two from my shoes and spend about 50 on them on average, and that sucks, but say least I can then also still get groceries and my bills paid. I think a lot of you guys who post these comments think you’re extremely clever and no one else understands long term investments, but it’s way more often the case that you guys have better lots in life and can afford to dump a wad of cash on stuff like this and not break the bank.
I think this is meant to highlight how expensive it is to be poor, not to serve as financial advice for purchases.
I completely agree with you that it’s unhelpful as financial advice but I think the idea behind it is to point out that because poverty forces people to buy substandard products or not products in bulk, it ends up more expensive in the long run
Thanks for the recco, I’ve been looking to get a better pair of boots for awhile.
Also, I feel like this is a good example of
https://en.wikipedia.org/wiki/Boots_theory
Spend $400 on a reputable pair of shoes from this company, keep them for 20 years, refurbishing for $155 occasionally.
Or buy a cheap pair of shoes for 40 bucks every 6 months for 20 years
I always see this shit and laugh. It’s sound logic, sure, but not applicable to most people living paycheck to paycheck in America. Which bills should I skip for multiple months in order to have excess money to buy $400 footwear that I HOPE stands up to the test? I usually get a year or two from my shoes and spend about 50 on them on average, and that sucks, but say least I can then also still get groceries and my bills paid. I think a lot of you guys who post these comments think you’re extremely clever and no one else understands long term investments, but it’s way more often the case that you guys have better lots in life and can afford to dump a wad of cash on stuff like this and not break the bank.
I think this is meant to highlight how expensive it is to be poor, not to serve as financial advice for purchases.
I completely agree with you that it’s unhelpful as financial advice but I think the idea behind it is to point out that because poverty forces people to buy substandard products or not products in bulk, it ends up more expensive in the long run