Perhaps I’m odd, but I think about some weird things.
Take clothing, for example. Somewhere along the way I started thinking about work clothes, and it led to a decision which I made recently, and am now declaring publically to the world:
“I’m not buying any more clothes.”
“Ok, that’s random,” you think. Hear me out. There’s some logic in that statement, and the thought process that led to that conclusion is something I think justifies a blog post and some thought.
Let’s start with this: Why do you buy stuff?
I’d argue that, in an ideal world, we buy stuff because the value it provides is of greater worth than the cost we expend in the purchase. Our need for the stuff is greater than the cost of the stuff. Said another way:If the benefit of something is greater than the cost, we buy it. Right? Benefit > Cost = Buy Click To Tweet
While that should be the case, I suspect more often than not we don’t do that simple calculation in our head. In reality, most of us don’t put a lot of thought into our purchasing decisions.
We want something, we buy it. Simple.
Think Before You Buy
Challenge yourself to be a bit more intentional in your purchasing decisions. To clarify where I’m going with this, let me throw a hypothetical situation at you.
If you knew you were going to lose your driver’s license tomorrow (and you’d never drive again), would you buy a new car today?
The answer is (I hope) obvious. Since you’d only get 1 day of utility from that pricey new car before having to park it for the rest of your life, you’d most likely use your money for something of greater value.
Is it any different with “work clothes”? If you had one day of work left, would you go out and buy a new work suit?
I doubt most folks think about this stuff, but I find it interesting. As I said…my active mind thinks about weird stuff.Developing a work clothes strategy has been an interesting topic for my brain. How about yours? Click To Tweet
So…..”work clothes”. I have a lot of them. After I retire, I won’t need them anymore. How should I transition from here to there?
My Post Retirement Wardrobe
Here’s what I’m thinking I’ll realistically need after I retire:
- 1 sport coat
- 1 suit
- 1-2 pairs of dress pants
- 3-4 dress shirts.
I really can’t imagine I’ll need more than that. Compare the above list to what I have in my closet today:
The Wardrobe “Glide Path”
In theory, if I have 24 shirts today, and I want to end up with 4 shirts at retirement, I should be working to eliminate 20 shirts from my “inventory” by the time I retire.
If I buy one, that’s really just one more I’ll have to get rid of.
Same with pants.
Same with suits.
Same with shoes.
To execute a smooth landing, I actually need to go the other direction:I need to discard/donate 1-2 shirts per month between now and retirement. Click To Tweet
So, I’ve decided to firm up my position, and formally state “I’m Not Buying Any More Clothes.” Now, I’m looking at whichever outfit I happen to be wearing, and thinking whether it’s time to donate that shirt.
It’s nice to be where I’m at. It’s a sign that the retirement date is getting closer. Soon, I won’t need those clothes.
After last week’s heavy article on the “One More Year Syndrome”, I decided to throw a light one your way.
Do you have a retirement plan for your wardrobe? Have some fun in life, and look at various aspects of your life in light of your retirement goals. It’s amazing how many things are affected if you take the time to think.
Plus, it’s kind of fun.
In a weird sort of way.