I keep reading these articles in women’s magazines, and hearing from women bloggers that they consider their shoes “investments”. They collect Christian Louboutins, Jimmy Choos, and Manolo Blahniks ~ all of which cost between $450 – $800 a pair! You people have been watching too much Oprah.
Shoes are like cars. They are never going to appreciate in value. In fact, they begin to lose value the minute you “drive them off the lot”. Take a lesson from Carrie on Sex and the City. When she wanted to buy her apartment, she found out that she had spent $40,000 on shoes, and didn’t have the money for a downpayment.
I’m all for looking good, but the truth is you need a retirement fund a lot more than you need a pair of $750 shoes. Invest in your future, put the money in your 401K. You can borrow against it when you want to buy that first house, but banks don’t consider your shoes collateral.