Buying nice clothes is smart-- says study

wrbtrader said:
I bought a pair of $550 Scarpa Mount Blanc Pro GTX boots about 2 years ago for hiking in winter rugged mountain areas...

It now has a torn seam in it :(

A few of the women in the hiking group liked them. ;)

I just happen to live in an area where folks look at what you wear and not what you drive. Women here look at your shoes, jacket, scarf, hat, watch as that first impression. Same with meeting people for business.

Now I'm looking to update my 10 year old watch.
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On the other hand, i know a few millionaires, extremly rich people wearing jeans and t-shirts like they were sleeping in them.
 
Funny, just recently I was discussing enforced vs implied dress code with a fellow employee. While nobody would officially care if I come to work wearing a track suit, most senior PMs seems to dress up just a tiny bit. It took me a little while to catch up, which says volumes about my social adaptation skills :(

wrbtrader said:
I bought a pair of $550 Scarpa Mount Blanc GTX boots about 2 years ago for hiking in winter rugged mountain areas...
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Man, that's a pretty serious boot for "hiking", takes a step-in crampons and all. Equipment like that does not count as "nice clothing". I go through a pair of climbing shoes every two months or so :)
 
sle said:
I bet each one of them had a nice suit in the closet and they jeans they were wearing weren't sold in Walmart for $10 :)
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Like Steve Jobs used to dress, from the first impression it looked like it was from Wallmart for 10 bucks.
 
marketsurfer said:
You have a great variety of real life experiences. I respect that.

surf
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BIG shakeup happened in my life when my first marriage broke up. Cried for 9 months.
Big reality check within on my loser self.
Was a church goer back in thise days, gave that the boot and havent looked back since. :)
(The married pastor of the church and my wife fancied each other at the time - they are now married)
 
Chubbly said:
Which is the opposite of another CNBC article
http://www.cnbc.com/2017/02/22/31-year-old-millionaire-shares-his-no-1-money-saving-tip.html
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The guy put a lot of effort into being frugal. It's probable that he would have done as well or better if he had directed it toward starting a business or finding a better job instead.

One of the things you learn as a beginner portfolio manager is that you can't save yourself into profitability. I've heard similar sentiments from the startup founders. You need to spend some money on the tools. In our lives clothing is a tool, so spending on the tools is OK (in moderation, of course).

PS. That guy looks like a shill for his own blog and book, so fuck him :)
 
sle said:
Funny, just recently I was discussing enforced vs implied dress code with a fellow employee. While nobody would officially care if I come to work wearing a track suit, most senior PMs seems to dress up just a tiny bit. It took me a little while to catch up, which says volumes about my social adaptation skills :(


Man, that's a pretty serious boot for "hiking", takes a step-in crampons and all. Equipment like that does not count as "nice clothing". I go through a pair of climbing shoes every two months or so :)
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Equipment should be expensive and reliable.
 
themickey said:
BIG shakeup happened in my life when my first marriage broke up. Cried for 9 months.
Big reality check within on my loser self.
Was a church goer back in thise days, gave that the boot and havent looked back since. :)
(The married pastor of the church and my wife fancied each other at the time - they are now married)
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Man! I thought marying a lawyer and going thru a divorce with her was brutal-- but your pastor!? That's just crazy!
 
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