My friends do not fear do not panic for now is the time to be bold, to invest, maybe not in the markets but rather in something of lasting quality and value, say a pair of “quality” shoes for instance. My suggestion is to spend a little less on clothing and “invest” in the best pair of shoes you can possibly afford. For as we all know a great pair of shoes will tremendously enhance even the most modest of garments.
A well maintained pair of “quality” shoes will last 20 or more years. Amortized, that’s pennies a day. And while the return on the investment won’t be in currency it will return, comfort, credibility, and long term savings. Believe me, the rewards far outweigh the risks.
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20 years? How do one accomplish that?
One accomplishes that with weekly polishings, using shoe trees, and resoling when necessary. They’ll then get resold at the market rate, or more, after having appreciated in value, not to mention character.
An interesting side note: I am in the market for a new Triumph Bonneville and a 2009 base model retails for $7300. Right now, if it hasn’t been sold already, there’s a 1979 Bonnie in pristine condition with paperwork for sale on Craig’s List for $6500. That’s thirty years. That’s 10% of the value but probably more than 1000% appreciation.
The same thing goes for these shoes, as long as you take care of them. When you’re buying the best though, you usually do.
I have a couple of pairs that are post 15years.
My first pair of black cap toes are 20years, having been resoled twice i still quite enjoy them.
All though I now have a black Church Consul & a piar of EG Chelsea that are variations on these.
They still get used in my rotation.
Speed,
And there in lies the answer to longevity, “rotation”. Shoes need time to breathe and for best performance occasional maintenance and rotating them will keep them in your stable for many years to come.
Good post,
Steven