Gilbert Arenas, frugal man.

[clevername]

yeah, I get all that.

but $200,000.

a year.

on clothes.

there's a limit there where you're almost just spending money on clothes that you don't even have time to wear even if you wear something different every day. I don't know where that limit is, but I imagine it's before you reach $200,000 a year.

[Leroy]

I don't think you can make that excuse, though. There's got to be a breaking point where you're just spending money to spend money. I don't think I could buy and wear new clothes every day of the year and spend $200,000. Sure he buys expensive stuff and has to have them tailored, but I still can't imagine doing that literally all the time. In fact, since he has to have things specially tailored I'd think he'd have to continue wearing a lot of the stuff he buys since he can't just go buy stuff off the rack most of the time.

It's just damn silly to spend that much money on clothes. Just because he can doesn't mean he should.

Sure, but it's kinda subjective though, y'know? Some people spend a lot of money on video games. Some people spend a lot of money on their car. My Mrs. and I were in Hong Kong a few years ago, and I splurged on a tailor-made suit. Fun experience, you go in for 30 mintues a few times over a week and see the thing progress til you have a suit. I'll say this. It's held up well, and it fits me like I was poured into it. When I wear it, I feel great. If I had the dough to wear nothing but, you bet I would.

Yeah, I wouldn't wear anything either.

[lukethedrifter]

I don't think you can make that excuse, though. There's got to be a breaking point where you're just spending money to spend money. I don't think I could buy and wear new clothes every day of the year and spend $200,000. Sure he buys expensive stuff and has to have them tailored, but I still can't imagine doing that literally all the time. In fact, since he has to have things specially tailored I'd think he'd have to continue wearing a lot of the stuff he buys since he can't just go buy stuff off the rack most of the time.

It's just damn silly to spend that much money on clothes. Just because he can doesn't mean he should.

Sure, but it's kinda subjective though, y'know? Some people spend a lot of money on video games. Some people spend a lot of money on their car. My Mrs. and I were in Hong Kong a few years ago, and I splurged on a tailor-made suit. Fun experience, you go in for 30 mintues a few times over a week and see the thing progress til you have a suit. I'll say this. It's held up well, and it fits me like I was poured into it. When I wear it, I feel great. If I had the dough to wear nothing but, you bet I would.

You really need to read this one from the SI archives.



In a less public way, other athletes from the nation's three biggest and most profitable leagues—the NBA, NFL and Major League Baseball—are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players' associations, agents and financial advisers) indicate that:

• By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.

• Within five years of retirement, an estimated 60% of former NBA players are broke.

Read more: http://sportsillustrated.cnn.com/vault/ ... z1I9KjNCd6

[TheoSqua]

I can understand that. When I was 20 and got my first "real" job I got a few credit cards and realized I could buy things on lines of credit, helped invest in a business that didn't work out.

Thankfully I wasn't a majillionbajillionaire so the debt I racked up I was able to pay down without too much peril, but the mindset is easy to get into when you're young, inexperienced, and thinking of all the potential profits you could make from something.