You have probably seen many designer brands like Dior, Louis Vuitton, Channel, Saint Laurent, and Hermes online or on social media. People love to show off or brag about their wealth and status by having a new item in their collection.
Do you know how much a Chanel bag is now? It used to be in the $7000 and $8000 range, but it is now in the $9,000 or $10,000 range. If you keep it in good condition and resold it to someone you know, you could have earned a profit.
Everyone deserves to be happy. You only live once, so you want to enjoy it as much as possible. You want to live your life to the fullest by doing everything you want. Whether purchasing a designer brand or traveling the world, you probably have a lot of things you want to do on your bucket list.
Of course, that's thousands of dollars for you if you want to purchase a designer brand bag, clothes, or accessories. Can you afford it, or are you adding debt for yourself? Ask yourself if it is worth the money because that is a chunk of cash you lose.
You may think that designer brands give buyers a sense of enjoyment in life and elevate their status. However, it can also be a double-edged sword. Some people feel their luxury purchases don't fit their character or don't deserve them even though they can afford them.