So, while trying to decide on whether or not my husband was insane when he bought that Jimmy Choo bag, I decided to start thinking like he does. He's a PhD from the Wharton school and is an economist, so... I trust his judgement, and THINKING how he does with money seems to work. Anyway, it all depends on the individual person to determine whether or not bags should be considered long term investments or not. A person would have to decide BEFOREHAND (and stick to it) how long they would use the bag and how often. If you KNOW you like to change bags a lot, and you know that you want to go with the trends, then it's probably best to buy only on sale and resell while the bag is still "hot", or buy knock-offs to save some $$$, or just ACCEPT the fact, that this hobby is costing you a lot of money and save for it. This hobby costs money, but you love it and it's fun... just always budget for it. For instance, if you decide to own one bag per season costing on average $500 a bag, that's 4 bags total for $2000. And if you know your habits and know you'll want a new bag each season EVEN if your old bag is still in great condition, that's $2000 a year, every year you are setting aside for owning a trendy bag for the season. However, if you know that if you got just TWO DREAM bags at $2000 each to last for say 5 years (more than that is hard to wrap my head around right now), and bought one for spring/summer and one for fall/winter. That's $4000 for two bags, but only $800 a year overall. So, in the long run, IF (big IF) you stick to the "goal" of not getting another new bag for 5 years, the two bags a year are MUCH, MUCH cheaper and you might love them even more. You would still need to save for them and not pay interest on the purchases to make it a true value though. Of course, the true trick to this is to know yourself... WOULD yuou stay away from purchasing other bags? I know for me, the answer is yes. I look at my past habits (besides baby bags) and I use bags until they die - 2 to 3 years and I curse the broken strap, or the stiff shape. For my good friend? NO WAY could she stick to only two bags for every day for FIVE YEARS!!!! She would be so depressed! I already have several bags that I know are here until they die and some will die sooner than others because of their design, but guess what, those are the cheapos too!I feel NO NEED to get a new backpack or beach bag every year. I'm HOPING I'll feel the same with a high quality evening bag and every day purse too!!! I'm just not very girly, girly... I never style my hair (have have long hair I pull back), I never wear lipstick (hate how it feels on my lips). Hate teh colors pink and purple. Hate girly clothes, etc. That said, I'm not butch and very feminine, but so not a fashionista! But... I like to shop! That's the pitfall for me!