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$30K bracelet
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Has Achieved Nirvana
Picture of Steve Miller
posted
I'll bet many of you have an opinion on this story:

I have a First World problem: I earn $500K and have $1 million in assets. Should I buy a $30K bracelet during a global pandemic?


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Life is short. Play with your dog.

 
Posts: 34810 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
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She should buy it unless it is diamonds.
Diamonds may be about to take a big hit in value.


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Several people have eaten my cooking and survived.

 
Posts: 25665 | Location: Still living at 9000 feet in the High Rockies of Colorado | Registered: 20 April 2005Reply With QuoteReport This Post
"I've got morons on my team."

Mitt Romney
Minor Deity
Picture of Piano*Dad
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quote:
Originally posted by CHAS:
She should buy it unless it is diamonds.
Diamonds may be about to take a big hit in value.


ROTFLMAO


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Posts: 12480 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
knitterati
Beatification Candidate
Picture of AdagioM
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Buy the bracelet. You could be dead in 2 years. Enjoy life.


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http://pdxknitterati.com

 
Posts: 9785 | Location: Oregon | Registered: 06 June 2005Reply With QuoteReport This Post
(self-titled) semi-posting lurker
Minor Deity
Picture of ShiroKuro
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No you should not buy a $30k bracelet. Donate that money instead.

Jesus.


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My piano recordings at Box.Net: https://app.box.com/s/j4rgyhn72uvluemg1m6u

 
Posts: 18295 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
Minor Deity
Picture of Mary Anna
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Let they who have never spent money frivolously throw the first stone.

That said, I wouldn't buy it. I love looking at jewelry in that price range recreationally, but plunking down that much money for something that I would always be fretting over? I can't see myself doing it.

Would I enjoy my life more as the owner of that bracelet if I were constantly worried that I would lose it or damage it or get mugged for it? Probably not. It just doesn't sound like fun to me.


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Mary Anna Evans
http://www.maryannaevans.com
MaryAnna@ermosworld.com

 
Posts: 15499 | Location: Florida | Registered: 22 April 2005Reply With QuoteReport This Post
(self-titled) semi-posting lurker
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Picture of ShiroKuro
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quote:
Let they who have never spent money frivolously throw the first stone.


Touché.

Still, there's "frivolous" and then there's frivolous. $30k for a bracelet is a bit much for me.

Now if we were talking about pianos....

WhoMe


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My piano recordings at Box.Net: https://app.box.com/s/j4rgyhn72uvluemg1m6u

 
Posts: 18295 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
czarina
Has Achieved Nirvana
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quote:
Now if we were talking about pianos....

i totally concur! Big Grin


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Posts: 21284 | Registered: 18 May 2005Reply With QuoteReport This Post
Minor Deity
Picture of Mary Anna
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quote:
Originally posted by ShiroKuro:
quote:
Let they who have never spent money frivolously throw the first stone.


Touché.


I wasn't lobbing that stone at you, dear. Smiler

I was just lobbing it generally into the air. It will probably land on me.


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Mary Anna Evans
http://www.maryannaevans.com
MaryAnna@ermosworld.com

 
Posts: 15499 | Location: Florida | Registered: 22 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of QuirtEvans
posted Hide Post
quote:
Originally posted by Mary Anna:
quote:
Originally posted by ShiroKuro:
quote:
Let they who have never spent money frivolously throw the first stone.


Touché.


I wasn't lobbing that stone at you, dear. Smiler

I was just lobbing it generally into the air. It will probably land on me.


More likely on both of us.
 
Posts: 45721 | Registered: 20 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of Steve Miller
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quote:
Originally posted by ShiroKuro:
Still, there's "frivolous" and then there's frivolous. $30k for a bracelet is a bit much for me.

Now if we were talking about pianos....


That's just it, right? Anything might look frivolous to someone who isn't particularly interested in that item. Pianos, sure, but also houses, trucks, horses, RVs, artwork, vacations, etc.

It's my view that if she can afford it without borrowing, and if makes her happy, she should get it.


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Life is short. Play with your dog.

 
Posts: 34810 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of wtg
posted Hide Post
quote:
Originally posted by Steve Miller:
quote:
Originally posted by ShiroKuro:
Still, there's "frivolous" and then there's frivolous. $30k for a bracelet is a bit much for me.

Now if we were talking about pianos....


That's just it, right? Anything might look frivolous to someone who isn't particularly interested in that item. Pianos, sure, but also houses, trucks, horses, RVs, artwork, vacations, etc.

It's my view that if she can afford it without borrowing, and if makes her happy, she should get it.


+1

And she may discover after she gets it that it doesn't make her feel as happy as she thinks it will. That's ok, too. She will have learned a life lesson.


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We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb

Bazootiehead-in-training



 
Posts: 37683 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
(self-titled) semi-posting lurker
Minor Deity
Picture of ShiroKuro
posted Hide Post
quote:
Originally posted by Mary Anna:
quote:
Originally posted by ShiroKuro:
quote:
Let they who have never spent money frivolously throw the first stone.


Touché.


I wasn't lobbing that stone at you, dear. Smiler

I was just lobbing it generally into the air. It will probably land on me.


And me. <3

So, I actually read that article that Steve linked (OMG, IKR??) and I didn't like the beginning (where the author was equating the $30K bracelet to Starbucks? Yeah, no.) But at the end, I came around.

Steve wrote:
quote:
It's my view that if she can afford it without borrowing, and if makes her happy, she should get it.


OTOH I agree with this sentiment... but OTOH... I guess I feel like that kind of frivolity (see above) is a bit hard to take... So maybe if you have that kind of money, sure, buy whatever you want, but I also hope you're donating to your local food bank and doing other things to help out those less fortunate.

But ultimately, I have to agree with Steve's comment that "Anything might look frivolous to someone who isn't particularly interested in that item." ... I have a grand piano (granted, I bought it used) and though it's an important tool to me, it certainly must seem over-the-top frivolous to some people... So who am I to judge someone else's jewelry or luxury car or whatever.

BTW the most expensive piece of jewelry I own is my engagement ring and I cannot for the life of me remember how much it cost... I think I knew at one point... Anyway, I'm pretty sure it was no where near as expensive as this bracelet... I wonder if Mr. SK would be offended if I asked him... suave


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Posts: 18295 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
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quote:
Originally posted by ShiroKuro:

So, I actually read that article that Steve linked (OMG, IKR??) and I didn't like the beginning (where the author was equating the $30K bracelet to Starbucks? Yeah, no.)


A guy I worked with used to give talks on financial planning to floor traders at the exchange. Those guys would piss through money like there was no tomorrow.

Dave's example of wasted money? Starbucks. Buying four or five cups of coffee a day was common. It added up to real money.

The $30K bracelet purchase hits you in the face and makes you think. All those lattes are financial death by a thousand cups....

The Latte Factor


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We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb

Bazootiehead-in-training



 
Posts: 37683 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
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My reaction to the coffee comparison was the part at the beginning of the article where he seems to be saying "one person's $30k bracelet is another person's latte." So, ok, yes, in that both are unnecessary purchases, "wants, not needs." But no, in that, the person who foregoes the $30k bracelet in favor of, saying, donating that money will make a much bigger difference than the person who foregoes the $6 latte in favor of donating it.... But it's probably irrelevant since neither the bracelet-buyer nor the latte-buyer can be expected to turn around and donate that money if they decide not to buy their "want" purchase...

Separate from all of that, the whole latte argument is quite complex isn't it. The article that WTG linked does a good job of covering those details and the different takes on it. But that wasn't what I was thinking about in my original reaction to the $30K bracelet.

I think I'm just prejudiced against bracelets. Ole


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My piano recordings at Box.Net: https://app.box.com/s/j4rgyhn72uvluemg1m6u

 
Posts: 18295 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
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