Understanding luxury goods — “The owner of a $12,000 Birkin bag might tell you that it’s worth every penny. [...] A Birkin bag is at its most valuable when your friends admire you for owning it, not when they admire its ability to carry your stuff. [...] Discount luxury goods, then, are an oxymoron.”
Exactly. Buy the real thing, don’t settle for a cheap or a fake substitute.
How much is enough? – How much do you need to retire? The answer seems to be around $1.2 million to retire, with roughly $400K saved at the age of 45 and assuming you spend about $51,000 a year.
I am not going to pretend to be poor to be accepted by you. – A short rant by a self-proclaimed rich kid. The comments are also a good read.
(Thanks to Bridget for sharing!)
Would you think I was nuts that I went to Holt Renfrew a while ago and tried on this exact $2000+ Max Mara camel hair coat, and fell in love with it? IT WAS SO. SOFT.
Then the saleslady who saw $$ in her eyes, said it was only really meant for Autumn, so I stuck it back on the shelf because that season does not exist in Canada.
Alas. Saved myself $2000.
Homeless vs. The World – What would you do if you were homeless? Have you ever thought about it?
I love peeking into closets. This is the perfect post for that.
Discretion about your personal finances and your situation is the name of the game, especially if you’re not blogging anonymously.
How I went from $100-an-hour programming to $X-000 a week consulting – For those of you who are dying to know how to go from being a “simple” programmer to being a consultant, here’s a good post to get your juices flowing and to be motivated to follow in Patrick’s footsteps.
I did not follow his path by the way, because I am not a programmer, but it sounds awfully familiar.
(Thanks to Rockstar Finance for posting this!)
I talk a lot about my parents, specifically how they chose to live their lives, but truth be told, I am also secretly happy they did all of that because I may not have ended up the same person I am today, had they done everything “right”.
I should probably cut them more slack, but it’s hard to see the forest for the trees.
So for me, it was great to read this heartfelt post on whether or not your parents can really take any of the blame for screwing you up.