"Don't buy clothes, save your money for jewelry"

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This is an interesting thought. I loooove jewelry but have I always felt jewelry was one of the worst buys because of the notorious markups. Lately as I have been cleaning out my wardrobe and have realized that clothing has "virtually" no resale value (even pricier new with tags pieces) spending on jewelry isn't looking like such a bad idea.
 
LOL I know what you are saying, and I agree that jewelry really and truly is not an investment in any real sense of the word. But, in her defense perhaps the quoted woman's point was that as between two evils, jewelry or clothing, you're better off going with the jewelry. The OP did say after all "putting the money you otherwise would have spent on clothes into her jewelry".

You'd think a 52 year old woman married to a hedge fund manager who have learned a thing or two along the way. It's ok to buy jewelry you for yourself to wear. Stick to more conventional means like 401k, real estate, etc to make your money grow.
 
Hmm can't say that I agree. I don't spend my money on trendy clothes/fast fashion or stuff that looks dated quickly - I go for versatile investment pieces that can be worn over and over again, but that's true of most of my purchases - clothes, shoes, bags, accessories, whatever - and almost always on sale. It would be ridiculous to have beautiful jewelry but ill-fitting clothes.

That said, accessories can make the outfit, but I rarely wear jewelry. Usually a watch, pearl or diamond studs, and a ring. Sometimes I'll wear a statement necklace depending on the outfit but I usually don't wear one. But a Burberry trench can be as good an "investment" as a nice piece of jewelry IMO.
 
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This advice was given to me by the most elegant, polished woman I know. She's 52 and married to a hedge fund manager so I realize our lifestyles are somewhat different (understatement of the year). But she said that the biggest lesson she'd like to pass on is that when she was a working young woman, she should have saved her money for jewelry. She advises just a few very basic pieces worn over and over again, and putting the money you otherwise would have spent on clothes into her jewelry.

Does anyone follow this philosophy? Just curious. :heart:


I totally follow that philosophy. I am obsessed with diamonds. I rather wear simple clothing with amazing jewelry.

It's not because jewelry is a better value but because I have an obsession with diamonds (although there is some retail value. It is harder to sell used clothes than jewelry). Clothing I feel you can find at a variety of prices and for me I only wear what I feel pretty in and that is usually dresses, skirts and cardigans I can find for low prices.
 
I have 2 little girls 3 and under and instead of buying them toys for their birthday I am buying them special jewelry pieces. They have received many toys from everyone else but this jewelry will still be around when they are 20, 40, etc. I have definitely changed my focus and am allowing my jewelry to update my wardrobe instead of continually buying new clothes.


 
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This is my favourite thread - I am glad to see it's back.

I swing from buying clothes to buying jewellery phases but agree that when it comes to selling clothes, they have such poor re-sale value.

I am currently saving for some jewellery and reading this thread helps to keep me motivated - it will be quite some time before I have the funds for the piece I want!
 
This is my favourite thread - I am glad to see it's back.

I swing from buying clothes to buying jewellery phases but agree that when it comes to selling clothes, they have such poor re-sale value.

I am currently saving for some jewellery and reading this thread helps to keep me motivated - it will be quite some time before I have the funds for the piece I want!

This is my favorite thread as well! :smile1:
 
I have 2 little girls 3 and under and instead of buying them toys for their birthday I am buying them special jewelry pieces. They have received many toys from everyone else but this jewelry will still be around when they are 20, 40, etc. I have definitely changed my focus and am allowing my jewelry to update my wardrobe instead of continually buying new clothes.



How lovely & a beautiful memento for your girls
 
My best friend is Indian and her mother died when she was 5. At 21 she inherited all her mother's jewelry and told me for the first time she felt a tangible connection with her mother because she actually had something belonging to her that she knew would last forever. She loved hearing the stories of when and how her mom acquired the pieces and looking at the old photos of her to try to find the pieces she now had.

Another friend's grandmother told us years ago to make sure every gift we ever received was jewelry and either 18kt plus gold or diamonds. She said selling her jewelry had pulled her and her family out of a jam many times over the years and, when she was growing up, she was told jewelry was the only thing you could travel with easily if you ever had to quickly leave where you were!

Finally, my manicurist has a lot of Middle Eastern clients whose nails she does at their homes. She said they're often draped in the most exquisite jewelry under their burkas and one told her it was for that same reason. If ever she had to leave her home quickly she'd have valuable assets with her that she could use for cash.

That being said, I don't have any really out of this world fabulous pieces but feel like I should work on that now!
 
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