Tomorrow I'm going to tell you 4 stories

Posted at 10:16 on Tuesday January 23, 2007 | Filed Under Saving

Tomorrow I'm going to tell you 3 stories about friends of mine and one about me. We're all recent college grads.

The shoe lover. One of them spends over $5,000/year on shoes
The partier. Another spends over $400/week going out (that's about $21,000/year)
The subscription nut. And the third friend has a Tivo subscription, Rhapsody subscription, cable/Internet connection, gym membership, Netflix account, magazine subscriptions, and a couple of monthly online accounts

The thing is, I agree with all of their spending patterns.

Find out why--and why I just moved to San Francisco, where I'm paying over 2x the rent I used to pay.

DONE READING?: Now you can leave your own comment or subscribe to the newsletter

Comments (15)

1.: Good teaser. I can't wait!

Posted by Cecil at January 23, 2007 11:41 AM

2.: Oh I am so the subscription nut.

Posted by Brett at January 23, 2007 11:46 AM

3.: Oooooo, you're such a tease! And it worked- I'm quite curious.

Posted by MissPinkKate at January 23, 2007 11:56 AM

4.: OMG I can't wait !!!!!!!!!!! Pardon the sarcasm, but this promises some interesting logic. I can understand the move to SF but the others (especially the partier) seem a stretch.

Posted by John Wesley at January 23, 2007 12:21 PM

6.: I can't wait. Speaking of renting, I would love to hear your thoughts on buying vs renting. Are you throwing your money away by renting? Or, are you saving money due to the reduction in homeowner upkeep. It makes for a great debate.

Posted by Keith Cred at January 23, 2007 02:39 PM

7.: Keith, I'm renting and have written about real estate investing before. Just do a ctrl-f on iwillteachyoutoberich.com and search for "estate." My views are pretty clear.

Also, I love the aroused reactions from people reading this post. I need to do this more often.

Posted by Ramit Sethi at January 23, 2007 02:44 PM

8.: I think I know where this is going... :) But, hey, I'm quite curious too!

Posted by cmontero at January 23, 2007 02:47 PM

9.: Since you agree witth their spending patterns I'll assume that the $400 a week for partying isn't going largely to cocaine and that "a couple of other online subscriptions" isn't code for "premium porn sites."

Posted by j at January 23, 2007 07:35 PM

10.: I'd definitely like to see where this tease leads !! Hopefully it's not another marketing ploy ;7

Posted by Bobby Sukhdeo at January 23, 2007 10:10 PM

11.: maybe Ramit is happy because he owns shares in all the companies behind the people's spending?

Posted by greg at January 24, 2007 04:37 AM

12.: I bet I know which one you are. But I won't ruin the surprises. Can't wait to read it in the morning tomorrow. When do you normally post? I know you are is PST (I am in EST).

Posted by Blair Christopher at January 24, 2007 06:24 AM

13.: These expensive stuff like spending lots of money in buying shoes, going to parties and magazine, cable and other subscriptions will not really be so ideal if you don't have much money to spend for it. But if you do have enough money and income to grab all of these expenses, everything will just be a piece of cake.

Posted by Dona at January 24, 2007 06:59 AM

14.: Ramit is taking to the bank while people spend on non-sense.

The shares just double.

Posted by Enrique at January 24, 2007 10:12 AM

15.: The expenses of these people are probably necessary costs of their (unique) businesses?

Posted by NotFooled at January 24, 2007 02:26 PM

name*:
e-mail*:
your website:
remember me:	yesno
comment*:(You may use HTML tags for style)