1. Bed Mattresses
When I was more Middle Class I bought a $10,000 mattress from Hästens. I had to pay about $1500 a month to pay off the mattress, and $500 in rent. Crazy? Not at all. That mattress was an investment that is now paid off and will be used for the rest of my life. It’s also the place where I spend 1/3 of my 24 hour day every damn day. The idea that you should be spending more money on rent than your mattresses seems ludicrous to me. The bed is what matters, not the room or the house. Put simply, if you make $32,000 a year about a quarter of it should go to your bed but then you’re vested and completely rested.
2. Leather Jackets
Leather jackets are actually a good investment. You will have this thing forever and it looks better and better with wear instead of worse and worse. Don’t look at the actual price tag of the jacket. (Mine was $10,000 used: Gucci ostrich skin bitches; Rick Owens also makes good leather jackets). I use a metric called CPW (Cost Per Wear), that is, how much does thing cost to wear each time? I’ve had this jacket for eight years, and worn it about 100 times every year for 8 years. So it has cost me about $12.00 a wear and I’m only 30. By the time I’m 50, it will be basically free. Look, I know you think it’s insane that I spent that much on jacket, but I think it’s insane that you spend so much on clothes you always end up throwing away or giving away.It’s basically more expensive not to buy it.
3. Knives + Guns
Knives are useful for cooking and opening things. And self-defense. Invest in a good blade that will last. Few things are more important. I recommend Laguiole. Victorinox is good too. (Guns are also a good investment because they’re beautiful and serve as art while also retaining a real practical value: killing animals and fun times.)
With towels, it’s just important not to buy cheap ones (like from Ikea). They don’t absorb water well, and fall apart after too many washes. I recommend Abyss & Habidecor: pure materials, and built to last. Also while we’re in the bathroom, buy a Sonicare tooth brush. These things are so much better than regular tooth brushes.
The last thing you want to go bargain hunting for is a whore. High class escort services typically offer STD tested “dates” that are more likely to be clean than some random chick you meet at a bar. They’re also gorgeous girls. Basically, if you’re going engage in such behavior, do it right or don’t do it at all. For poor folk, I recommend using myfreecams.com or a similar service for a digital prostitute, but don’t waste your money on various girls, pick one, take her private, and have a good time.
6. Digital Books
I have 500+ eBooks on my iPhone via my Kindle. I’m a walking encyclopedia and not like a Wikipedia encyclopedia, like one that has instant access to premium, researched non-fiction books. And reading in general is good so buying digital books is a double whammy: you learn stuff AND you can carry every book you read in your pocket at all times. (Though soon a company called Oyster will do what Spotify did to your music library, so maybe don’t waste your money here, just wait until you can get a subscription from Oyster.)
7. Big Computer Screen
Don’t worry about your computer. All computers are fast these days. Worry about your monitor size. The bigger your monitor, the more productive you are says science (and me). My work setup is 27 inch iMac with 17 inch MacBook pro on my left for a total of 44 inches of screen space. On the iMac I only do work, and whenever I have a non-work related thing to do I use the laptop to ensure maximum productivity. Bigger is better in this case.
8. Farmland and timberland
Diamonds are not fucking forever. Farmland and timberland is. Arable land is the gift that keeps giving and giving. Look as the population soars past 8 billion or whatever, there is only so much of this stuff left and when you have it: it’s actually not just a commodity: it’s useful for food and building shit. Money, it turns out, does grow on trees. Other better alternatives than diamonds for long-term purchases: gold, dividend-paying stocks, natural gas, non-agency backed securities, etc.
9. Whatever Makes You Happy
Yeah, this is sort of a cop out. But what makes something worth the money is if it makes you happy. Want to drop 1k on a remote control car that goes 60 miles per hour? Do it. Want to spend a lot of money on brand name bottled water? Do it. Just buy what you want; the trick, of course, is knowing what you really want vs. what you think you want.