Home > quick thought > want to start a firestorm?

want to start a firestorm?

All you have to do is 1) tell people what to do with their money or 2) suggest that they are making bad decisions with their money.

It’s a proven fact.

(Even though I don’t know how you could actually “prove” such a thing)

We all think that our way of thinking about money is the best way to think about money – even if our way of actually spending money doesn’t live up to our ideals.

Here is a case study.  I found this quote earlier today and it struck me as an interesting way of thinking about making purchases.  The quote is about buying expensive “heirloom quality” shoes – and how the guy who buys $500 shoes is smarter than you and I:

its better to have one good pair of shoes than a half dozen cheap ones, because the cheap ones look cheap even when theyre new, but the new ones look good even when theyre old. quality by definition is the best you can get for your money. if you buy a pair of shoes for $500 and they last you 10 years, thats $50 per year. if you buy a pair for $100 and they last you six months, which was the more expensive?

— Bruce Boyer

So, what do you think?

Will your next pair of boots be thesethese, or these?

. . . . .

Thanks to Put This On for the thought-provoking quote.

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Categories: quick thought
  1. June 21, 2010 at 5:06 pm

    Love the post Lee! I would go with the second option on the boots.

  2. Matt Pitts
    June 21, 2010 at 8:46 pm

    Ummmm, go with one pair for $30-$40.

  3. wkf
    June 22, 2010 at 11:56 pm

    now you’re talking! i would def. go for the suede mcalister’s! (second option) argilbert has style!

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