Lots of Shoes and No Retirement

Working in finance, while totally nerdy, is actually quite comical when you have it together. By saying having it together, I’m not saying that you are 100% debt free and retired at the ripe old age of 25, I’m saying that you are working towards building wealth for retirement, you’re paying off debt, you contribute to your 401(k), you have an emergency fund, or any combination of those or working toward those means to me that you have it together.

Recently a well paid employee got a 25% pay increase. I was chatting with my accounting counterpart to ensure that I made all of the necessary budget changes. I learned that this well paid employee does not contribute to their 401(k), has a 401(k) loan so that their kid could go to camp, and has an obsession with shoes. One time this employee actually explained to me that since they didn’t have this brand of shoes growing up, they need to fulfill their inner childhood desires and have them now. All of them in the brand. ALL OF THEM! OMG! Since Most kids want to live off fast food, ice cream and sugar. That doesn’t mean it’s a smart thing to do either as an adult.

I’m the same age as this employee.  What’s sad is that this employee will wake up someday and realize that retiring at a reasonable age might not be in their cards.  The worst part is that this employee might be the best dressed employee in the company.  They are well spoken and intelligent.  

I started to look up to this person. I compared my ThredUp purchased dresses against their fashionable clothes. That was until I learned about their 401(k) situation. I guess the moral of this story is to stop comparing your life to their “Instagram worthy life.” This is just one example of the other person using a really good filter.

Repeat after me:

I am awesome

I am a badass

I am smart

I am intelligent

I am crushing this

Go out there and be awesome!

If Only I Didn’t Have Debt…

Boomer, What Makes Someone Rich?

Book Review: Suddenly Frugal by Leah Ingram

2 thoughts on “Lots of Shoes and No Retirement

  1. This is an important lesson about not keeping up with the Joneses. What you see on the surface is only part of the story. We could all live in big houses, drive flashy cars and wear designer clothes. Some of us choose instead to be debt-free and have money set aside. I know which one gives me more peace of mind.

    Liked by 1 person

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