Author Topic: My Gucci Addiction  (Read 2557 times)

Bigote

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My Gucci Addiction
« on: March 29, 2013, 05:39:20 AM »
This from the author of Friday Night Lights.

"In the past few years, I've bought eighty-one leather jackets. Dozens of boots and leather gloves. I've purchased pants that cost $5,000. I own a $22,000 coat. This winter I took a tour of Milan's Fashion Week (all expenses paid by Gucci, in appreciation of my many, many purchases), where I spent tens of thousands more and began to seriously grapple, once and for all, with a compulsion that could cost me more than just my life savings. My name is Buzz Bissinger. I am 58 years old, the best-selling author of 'Friday Night Lights,' father of three, husband. And I am a shopaholic."

http://www.gq.com/news-politics/newsmakers/201304/buzz-bissinger-shopaholic-gucci-addiction
« Last Edit: March 29, 2013, 05:56:32 AM by Bigote »

Apocalyptica602

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Re: My Gucci Addiction
« Reply #1 on: March 29, 2013, 10:39:50 AM »
It's amazing that's what makes him realize the issue.

Granted there aren't necessarily enough details on his income / assets / debts / lifestyle, but he's a best selling author.

This raises an interesting question that was spoke of in the 'Rich Kids of Instagram' thread a little as well.

If he spends $1MM/yr in his lifestyle, and say ~500k/year on super high end designer clothes. One would definitely say that a disproportionate amount of his spending is on his addiction, and it's incredibly wasteful.

However, if he's a best selling author with a net worth of say... $25MM, he essentially follows the 4% rule!

I guess the difficult question is, in an ideal world he'd be donating to charity instead of buying up hyper-expensive ostrich skin (!) jackets, but provided he's not putting his family or financial future in danger, who are we to judge?