Quote:
Originally posted by kitten03:
I wish that people could prioritize. I was having a conversation with a friend about why blacks don't invest. IMO, some people spend more money on looking good in the present than preparing for the future. I like nice things but Iceberg jeans at that price  ...shoot I would rather start saving to set up a mutual fund so that when I'm 45. I can retired a live like a queen.  But until then, I'll shop the sale racks. That's where I find my designer clothes :-)
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Right on!! I'm in the process now of getting mutual funds, etc. I'm trying to invest in my future. I'm trying to have assets. Things that appreciate in value and have postive equity, i.e. homes, mutual funds, etc. I'm trying to build a substantial financial future for children (and a husband) that I don't even have yet. Bump the clothes that I'll either outgrow physcially or socially.
I'm too glad that my boyfriend and I aren't into the FUBUs, Tommys, etc. It's definitely okay to want nice clothes, but like kitten03 said, "Prioritize". I'll get all that after I'm retired early and my future family is well off financially.
In response to kitten03 about why Black people don't invest, I think most Black people get caught up in "flossin". Here's why I say this, a few years ago when I was buying a gift for my boyfriend, a "stupid" friend of mine told me not to buy anything for him that didn't have the brand name visible. She said, "what's the point of buying XYZ if no one knows that's what it is". I was thoroughly disgusted. This person only buys upscale clothing, of course with the tags visible. Now mind you, she is 24, in gobs of credit card debt, with no car and living with her parents. I wonder if her priorities were in order :-)!!