Hey what’s going on my great readers. Today we will analyze something people will most likely give you a cross eyed stare if you bring up this topic. It is something many are too scared to bring up due to peer pressure. But I am up for the challenge, because I feel this topic is right up my alley with owning this PF blog. Let’s contemplate the title a bit and see why certain people want to be enslaved to luxury brands. Does Buying Luxury Brand Products Enslave you to Them? I truly believe so because the mark up is so ridiculous for no apparent reason except that it has the name or logo on the product.
Even Kanye West once said it in a song called New Slaves on the Yeezus album. He is the king of contradiction with his music / message and then does the opposite when it comes to selling his own line of products. He says people buy all the same thing, but its all peachy if they buy his $200 dollar sweater with holes in them. He gets on people for buying competing luxury brands, and his clothing pieces are extremely high in price just like the luxury brands.
Does Buying Luxury Brand Products Enslave you to Them?
Always contemplate if it’s financially smart to buy a product that costs $500 dollars to $2000 grand in order to feel validated? What does that say about you, that you have to buy something meaningless to feel happy for the opinion of others? A $1,000 dollar jacket will not protect you any better from the elements compared to a $100 dollar jacket.
If you happen to save 30% of income, pay all bills on time, avoid adding debt for lifestyle, do not live with mom / dad, and still manage to afford these luxurious products. By all means you have all the right to buy as your heart desires. But if you are not investing, It is not financially smart to spend as much for those brands. Until you get finances in order you can find so many other brand alternatives and substitutes for 1/4 the cost.
Gucci, Prada, Louie V, Fendi, Burberry they have done nothing but prey on the masses wallets, so why would I support them just to show off aka floss. If you need to floss in any way just do it with your personality, with your smile, with a hug. (Which are all free by the way?) I don’t see why buying something that is worth about 1 weeks’ worth the average person’s salary shouldn’t make you happy. So you make 20 times the average person’s salary, that is great for you, but can I ask you how much money you donated this year? Or how much cash you’ve invested towards your future this year?
When you are walking down the street, how do you truly know if the well-dressed person who is wearing luxury brands purchased it for full retail or bought it in china town? The point is you can’t tell from a quick glance.
I once saw a YouTuber buy $2500 sneaker that a crazy rapper made famous. He actually paid that amount for something that will get beat up by walking on dirty streets. The most I’ve ever paid for sneakers is $200 dollars. I guess its all relative to income, but even if I made $300K a year I would not buy $2500 sneakers or a $500 dollar sweater. Most of the people who over spend for luxury are fueled by the hype to appease the masses with a fake luxurious lifestyle.
So in conclusion, are you a slave to luxury brands if you only buy those types of products for astronomical prices? I would have to say yes because the cost is so above the norm compared to mid and lower tier brands with products just as reliable for a fraction of the price. Maybe certain people want to join an imaginary club that I don’t care to join for the sake of finding approval from eyeballs. The value of a dollar is important, and when you subject yourself to buying luxury brands, you are not getting the best trade off and value for your dollars.
I can afford to buy any product from any luxury brand, but my financial intelligence mixed with opportunity loss of a dollar will not let me make a stupid financial decision like that. Rich Uncle EL