Millennial Money Man

Helping Millennials Make More Money and Pay Off Debt

May 24, 2017

I Make $200,000 a Year and Dress Like a Scrub

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I Make $200,000 a Year and Dress Like a Scrub

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If my wife knew I was writing this, she would roll her eyes so hard. As much as she tries (and she is like full-time dedicated to this), I just don't care about what I wear or if people think I'm broke.

Perfect example – I'm currently sitting in a coffee shop that I come to a few times a week to write. Even though I'm not a hipster at all, this place has a weird hipster feel that somehow inspires me to write some of my best stuff haha.

When I first came in several months back, the owner of the coffee shop noticed that I had been here a lot and usually stayed for hours typing on my computer.

One day he asked what I was doing here:

Him: So what kind of test are you studying for?

Me: Test?

Him: Yeah you're in college right? I figured you were studying for an exam or something.

Me: *Realizes that I'm wearing flip flops, shorts I've had since almost college, and a black undershirt with a little hole above the pocket* Oh…no no I'm actually a full-time personal finance blogger and run a marketing company. I'm also almost 30 unfortunately.

Him: *The look people have when you tell them you're a full-time blogger* Do you make money doing that?

Me: Uh…yeah a little.

I went on to show him the website and then chatted a bit about marketing stuff and online advertising.

He actually used to underwrite mortgages, so we had a pretty interesting conversation about 2008 and all the fun times of the mortgage meltdown. Small world.

Read also: The Big Short Movie Review

Now I come here all the time and they know me as “the blogger guy”, so I guess that's pretty cool and I get free coffee refills. 🙂

The point of the story is that I don't resemble any aspect of my wage in everyday life, which is how I like it.

Now…I can clean up pretty well when I have to for a TV appearance or something (see the homepage picture for a rare glimpse), but ultimately it just doesn't matter to me if people think I'm a college student, pool guy (I have a lot of free pool shirts from a friend's company), or jobless video game enthusiast.

Up until this year, I hadn't bought new shoes for myself since college. When my wife's father was still alive, he insisted on getting me new shoes for my birthday because he knew I wouldn't buy them for myself.

My wife forced me to throw away all of my socks with holes in them and get new ones, which I'm still vaguely bitter about because I felt like they had some life left in them. You can't feel the holes anyways when you have shoes on.

The vast majority of my wardrobe consists of either free stuff I've picked up over the years or the rare times that I bought clothes out of pure necessity.

I may make a lot of money blogging and have a successful online business, but that still doesn't change who I am or make me care what other people think.

That's not to say that I don't have a few nice things…

I'm not trying to convince people that I'm some ultra-frugal person that doesn't enjoy life at all. I'm also not saying everyone should be walking around with holes in their socks either.

Trust me, I'm the afflicted one – not the people who wear decent clothes.

My wife and I own a pretty sweet wakeboarding boat, go on decent vacations from time to time, and are in the process of building a cool house.

Read also: Tips for Building a Home and Sticking With Your Budget

Our goals have always been to prioritize the things that are important to us in life, and then go after them and not look back. I don't feel “guilty” for owning a boat (mostly because we paid cash for it), or dumb when we spend money on a trip somewhere (also because we pay cash for it).

That's part of the reason that we have two cars with a combined value of *maybe* $9,000, and haven't had cable once in our post-college lives. For us it's about prioritization, and so far it's working out pretty well.

I know exactly who I am and what's important to me, which helps drive my success

That comes from really taking a deep look at the inner fiber of who you are and realizing the difference between what actually drives you to do well in life, and what you're doing just to impress other people.

Unfortunately, part of growing up as a millennial involves fake crap on social media too. I scroll through Instagram almost every day, and can't believe how many of the “get rich quick” people are out there with their rented lambos and Airbnb mansions.

Even the actual rich people *cough Bow Wow cough* try to make their life look cooler than it really is on social media. It's crazy.

People can think I'm a scrub as much as they want when I roll up in my 13 year old car and free pool company shirt, but their opinion won't change how much money is in the bank.

Once you learn to let that aspect of life go, it's really a pretty freeing experience.

Question for you:

What's the one thing you don't care what other people think about?

Live differently. Your bank accounts will thank me later. ~M$M

Don't miss another M$M post.

Learn more about attacking debt, making more money, and creating an awesome life you love.

Comments

  1. That’s awesome that you can live your life without worrying about what others think of you!

    I just read a post on Not Your Average Joe that was talking about how this is one of the main issues that keep people in debt. Trying to perceive that they have more money than they do. And since you do make a good amount of money it’s nice to see that you are still down to earth!

    I totally agree with you on the sock thing though! My wife always throws them out when they get holes, but like you said you never feel them in the shoes anyway, only when you have your shoes off and your son goes “Daddy you have a hole, and pokes you.”

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  2. Thank you!!! Now I know I am not alone. I can not get people who are planning for hours what to wear, and worrying about the condition of their clothes. I have socks with holes too and have no problem wearing them. Occasionally I throw out the one with the holes and pair the other with a surviver from another pair (I buy one type of socks most of the time). My wife got so pissed of sometimes that lately I granted permission for her to dump the unusable pieces with the condition that I do not want to know it. I also do not get fashion shows. Do someone wear those pieces of s**t at all?

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    • It was not uncommon for me to wear two completely different socks because…who can see them? I’m sure it’s for the best somehow but yeah my wife did put her foot down on the holes in clothes thing.

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  3. Mr. Picky Pincher and I have seen this so many times. I used to work at a farmer’s market. I was told to target high-earners for marketing pieces. As it turns out, the people who dressed in old jeans and t-shirts were the rich ones. They didn’t give a damn what anyone thought, because they didn’t have anything to prove.

    As for me, it’s with makeup. I’ve started wearing makeup again in my new job, but it’s because I feel like it and it’s fun, not out of pressure or obligation.

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  4. Hear hear! I work in an office where the dress code is business professional. It requires I do things like *shudder* dry cleaning…I try to do that as little as possible…

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  5. I’m with you – I generally don’t care what people think of me unless they are close friends or family. In that case, I care about what these people think of my character and personal qualities. My sense of style and car? Not so much.

    When it comes to things like clothing, I’m pretty minimalist. I buy what I need for work purposes and usually try to find items that also work in social settings. Most of my “go to” clothes are button down shirts that I bought for $10 at the Banana Republic Factory story 5 years ago, and they still look new to me. I need to find my own connection to get some pool guy shirts, haha.

    Full disclosure – I’m also guilty of wearing and loving socks with holes in them. 🙂

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  6. For me it’s my clothes andy car. Not as extreme as you, but I am fine wearing old clothes. Just donated a sweatshirt I got in high school. I am 30. I still have another one and wear it all the time.

    Stealth wealth is great. Keeps your spending down too while you’re trying to save.

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  7. LOVE IT! My husband and I farm beef cattle, which means more often than not, I’m covered in some sort of muck when I’m not at my 8-5 job. Who wants to wear nice clothes for that? Not me.

    Growing up, my parents always said that just because someone had a nice car/clothes/house does NOT mean they are rich, but usually in a lot of debt. I would much rather have no debt than a $2000 (ugly) Gucci bag.

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  8. What a great post Bobby! Just another reason I’m such a fan of your work. Your helping lead a charge to change the way people look at “stuff” and you just think your blogging! Keep it up!

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  9. I sell Subaru’s for a living (yay hipsters!). So I constantly get the car payment and “you need credit” speel shoved down my throat. With being a huge car guy I would love to drive something nice and sporty. Hell im sure I could “afford” the payment. However the financial stability for my wife and children is what’s most important. I’ll get to the cool stuff after they are set for success 😎👍🏻

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  10. I love wearing fancy clothes- not the ones that cost an arm and a leg, but I do enjoy a good session at the shops. This is important to me.

    However, I don’t particularly like jewellery. A pair of earrings and a bracelet are fine but I can do without you them. At the end of the day, you put money into what you love. And I don’t think jewellery is important to me.

    Thank you for yet another thoughtful post, Bobby!

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  11. The socks may be one step too far (same with underwear). It serves a very specific purpose and if it is not in repair then you will end up paying for it (in pain) later. Mind you, on an average days I hit 15-20k steps (and run every other day, where your gear needs to be working like it should). About the only clothing I have bought recently was a kilt, and that sucker will last for forever (since where do pants wear out? Crotch, knees and along the cuff, none of which are problems with kilts). I wore out my black dressy shoes and have been procrastinating on buying a new pair for the past 2 months!

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  12. You’re so cool! I really don’t like that people just look at what brand names you have on your body and decide whether to be nice to you or not. Come on, I don’t need those people in my life.

    As long as someone keeps up their personal hygiene and changes their top every day, I don’t care if those tops/shirts have holes in them or not (but it shouldn’t be too revealing though if you know what I mean).

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  13. This reminds me of the signaling theory. Find the signal you want to send out to the world and live your life sending it out!

    I really don’t care if people at work ask me to go out to eat with the team and I say no to them. My FIRE dream is more important !

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  14. I do not have a smart phone- I have a side phone from 2007. It still works and I don’t care what people say about it. I pay just over $30 a month for my phone service- money in the bank. Not to mention I have dropped this bad boy dozens of times and have never had an issue!

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    • I had one of these too and go crap for it all the time from a lot of ppl. I didn’t care. I only switched 4 months ago to a smart phone. I had to have Skype for my conference calls cuz the slide phone had limited minutes and found that my slide phone and Skype would cost more than unlimited minutes on a smart phone. Anyway….I still bought my smart phone from eBay for $75. Not a brand name phone but does everything I need. No way I’m going into debt for a $700 smart phone.

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  15. Kudos to you for staying true to yourself and not allowing money define WHO YOU ARE!

    I no longer care at all what people think about my debt free journey (the ones who mock and joke about it) because I know it inspires my followers. On a more personal note, I actually don’t wear make-up…and the opinions of others no longer bother me. HA!

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  17. I love this. I’m the same way. I do love having nice clothes, but I absolutely HATE shopping. I wish they would just appear in my closet. I started a clothes-buying ban almost 2 years ago and it’s been surprisingly easy. In fact, it gives me an excuse to NOT go shopping – which I love. Ha!

    Funny story, I was in Verizon Wireless last night downgrading my plan (so I can reach FI sooner) wearing an old sweatshirt with a hole in the pocket and camo tights. An interesting, yet hip (at least I think so) combo. I’m SURE the guy I was talking to thought I was a pauper, especially since I was inquiring about getting the least expensive plan so I can focus on just using WiFi for data. We even talked about pre-paid plans! I love it. And I definitely don’t care what other people think 🙂

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  18. Good for you! I am the same way, but I was not when I was younger. I figured it was ‘old man power’ now that I am in my 40s.

    It’s good to keep in mind that famous Eleanor Roosevelt quote: ‘You wouldn’t worry so much about what others think of you if you realized how seldom they do.’

    P.S. Don’t worry, soon you will have more socks with holes! Just give it time, and try to hide them this time!

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  19. This is why your blog is so authentic, Bobby. You don’t try to pretend to be somebody you are not.

    There is no way you could have paid off the debt you had as quickly as you did by buying new items all the time. You’re inherently frugal, and you know where you want to spend your money. You spend it on things that make you happy. That is what life is all about – being happy.

    Money can be a vehicle to obtain some happiness, but it shouldn’t be the only thing that drives/motivates you. If it is, you are probably not going to be happy.

    Cheers.

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  20. I had to take a double look at the featured image, I thought I was looking at my own socks.

    We also rarely go shopping for clothing. Maybe once or twice a year we will go to Burlington Coat Factory and spend $100-$200 in total on new clothing. Why spend a ton of money on new clothing. Just like a car wear them into the ground before upgrading.

    Since I have started working full-time self-employed I have noticed there are a few morning that I will forget to throw on a shirt all together before lunch comes around hahaha.

    Every time you mention your boat it gets me pumped for Lake Life in New York. My parents own a nice place on one of the finger lakes that we spend most of our summer at. Looking forward to working from there with the amazing view of the water this summer.

    FYI: Sent your article about “building your own home” to my brother in law since they are in the middle of that process. They loved it!

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  22. Without a doubt, my cell phone. I don’t need an $800 iPhone financed over 2 years. No thanks, I’ll take the low cost off-brand phone with the cheap plan. Serves its purpose.

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      • I definitely understand when it comes to people who work from their phone, in that situation it makes sense to have the best phone you can find.

  24. I disagree, I can definitely feel the holes in socks and my toes try to escape!

    Everything else is spot on though, it is all about your priorities. I’ve never been into fashion, clothes, makeup, shoes etc that most girls are supposed to just know. I did go through a phase when younger with dying my hair and getting my nails done, but even that has fallen off my radar and I haven’t done it in years. Super important to me though is spending time with loved ones and having amazing food! I’ll happily spend $150 on dinner, but think $50 is too much for a new dress.

    Each to their own, you can have anything you want, but not everything.

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  25. My truck is rusty and I couldn’t care less. It still runs good, and I’m hoping to get 250k miles on it before I have to buy a new used one. Unfortunately, it’s been in road salt a little too much in its life. But I LOVE the fact that my imaginary monthly payment goes right to savings. I would love to never use it 😉

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  26. Bring my lunch to work. People spend so much money. They sometimes make remarks. I chuckle and think about my bank account.

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  27. Great post. I’m lucky enough to work in an office where they legit don’t care how we dress. Today was flip flops, short sleeve plaid and cargos. I’ll never go back to the way things were…

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  28. Your article made my day!

    I’m the same, when it comes to clothes! I really don’t give a rat’s ass what others think of me (and I’m a girl 😀 )

    At my last job, I worked in an office and dressed every single day as if I came from the gym. My other female colleagues had high heels, and really nice outfits and took the time to put on make up and do their hair. My beauty routine? I took a shower and put on comfy clothes 😀

    While having friends and colleagues give me weird looks isn’t a problem, I did have a “war” going on with my parents when I was younger. As a teenager, they’d tell me I look like a hobo all the time :)) And really, all I cared about was to feel comfortable, rather than fancy.

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  30. I’m the opposite of some of the views mentioned above (but for reason.) Our work place went very casual, almost to the point of jeans and t-shirts. When I started working there(before casual everyday) I went out and bought new dress/business everything and by gosh, I’m going to wear it.
    But after work, I’m in jeans with blown out knees, shorts and like you, one of a hundred free t-shirts.
    And yes, toe holes are the worst. Occasionally you can turn the rotation of the sock to not be bothersome, but most times it will rotate back.

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  32. I thought I was alone in the not caring what others think of my fashion choices. I just told my husband about 2 weeks ago my wardrobe consists of 2 tank tops (one with a bleach stain) and every free tshirt I have received. I have a few nice items to wear when I have to make an appearance in the office but other than that I simply don’t care!

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  33. Great post!

    The one thing I could care less about is having a car. I got rid of in at the end of 2014 and never looked back.

    Admittedly, though, I do care about clothes. I sacrifice in other areas in order to wear the clothes I like. It’s not to impress others, though – it literally makes me happy. Also, I don’t buy designer names or anything. I tend to buy clothes on sale.

    Thanks for sharing!

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  34. My old car is my personal socks with holes. 🙂 People are always shocked by what we drive, but I just laugh. When I see people my age driving a nice car (which is pretty much everyone where I live), I just assume they’re driving their savings accounts. I paid $2000 in cash and it gets me to the same place – without any stress!

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  35. My twin sister and I love shopping at the Goodwill and resale shops for clothes and home furnishing finds. So grateful my husband and I always lived below our means. Most of our friends and family would be surprised how much savings we have because we aren’t flashy people. Just because you can afford a $2,000 purse, doesn’t mean you should buy it. My husband drives a 2008 car with almost 300,000 miles and has a second transmission. We took our three small kids to Europe for 3 weeks last summer. We did home exchanges. I guess it’s all about your priorities and what is important to you (as far as what you spend money on).

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  36. As a 36 yo CFP who counsels people on budgeting, spending, and saving I love your blog 🙂 Our family lifestyle is similar to yours and I could care less about swanky haircuts or hair care. Plus our cars are each +10 years old. Why do I want a new car for my children to trash with goldfish crackers?!?!

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  37. I never cared for designer stuff. I buy sunglasses at most it costs $10. A relative asked for a rayban sunglasses, bought him one. He saw my sunglasses and said not brand name huh. I looked at him all confused. I am frugal when it comes to buying stuff to show off. The funny part was he failed to notice my real glasses photochromic, glare protected glasses that I paid $400. I wud much rather pay for something like this that I use every waking moment than something to show off. Another time I was showing my brother a designer bag thinking of buying it for myself for my graduation. He said what does it do? Good point. For the price of that bag I better get a jet pack that comes with it. And no.., I don’t get holes in my socks. Not in last 5 years. The elasticity gave up. But I think my socks will outlive me. :p

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  38. My husband and I became Millionaires when we recently sold our California home. Before then, we had done well in real estate investment. He earns a six figure salary so we had a decent amount of savings and no debt. When we put our home on the market we knew we would have to relocate. It was/is a sellers market so we decided to give our tenants a 60 day notice and move into one of our rental properties until the market cooled. Moving our family of four from a 4bd/3ba 3000 sq ft home to a 3 ba/1 ba 1300 sq ft home was a huge adjustment. We had to purge so many things because we no longer had a garage or extra storage. We’ve grown accustomed to having less and are much happier where we are now. Our home, although small, is ours that we own free and clear, we don’t have any car notes or credit card debt. He drives a 2015 Prius that we paid cash for and I drive a 2009 Range Rover that we bought from his colleague at a great price. Our backup car is my old 1999 Honda Accord. We are living well below our means! We are able to travel the world with our kids and enjoy time together without any financial stress or worry. We know a lot of couples who mortgage really opulent homes, lease exotic cars and have an exorbitant amount of credit card debt because they try to impress others. We don’t buy/wear designer clothing. My husband and I do not care how others perceive us. We buy a lot of things from second hand stores, garage sales, Craigslist and apps like OfferUp. I save a lot on grocery and household essentials by couponing. With the exception of underwear, we only by new if it’s an extremely good deal. My husband wears holey socks, drawls and t-shirts. He has really nice things but chooses to wear what he feels most comfortable​ in. Seeing him wear holey underwear drove me insane for years. I used to toss out everything of his with holes and replace with new ones. Now it doesn’t bother me because I realized where his focus is and what his priorities are. He is an amazing father, husband, friend, and the most generous, selfless person I know. I’ll take that over a snazzy dresser any day.

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  39. Our house is 1,500 SF in a working class neighborhood. There’s only 3 of us so we don’t need more. It will be paid off soon.

    I like to buy nice clothes, but I keep them forever. I still wear a polo shirt I bought with my first paycheck when I was 15 (I’m 36), and I have a pair of sandals that are about 20 years old too.

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  40. My van. It’s 12 years old and surviving 3 kids and 2 dogs. It has 170k miles on it and I want to drive it to the ground. Starting to think about the next car as my oldest gets ready to drive, but it may very well be a previously owned car ‘upgrade’. I can’t bare to think about throwing several hundred dollars out the window the second I drive a new car off the lot.

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  41. I am particular with my feet, socks and shoes since I am a teacher and like to walk. After I was making over 60K, I started throwing out the old socks. I will buy socks only when on sale and have a collection to work with. However, I feel that I wear the same thing every few days which helps me with my clothes budget.
    It is nice to hear about other people living frugally.

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  42. This is a great article and blog! Thank you! Being frugal is one of my favourite past-times. We live in an area with an excellent Goodwill, I like preparing food/cooking so we are lucky in that respect and generally I am a homebody (I have no fear of missing out [FOMO] ever). This way my husband and I are able to contribute when people are in need.

    I think understanding that based upon what you earn a) determines where you can and cannot live/what you can or cannot do in your spare time b) being able to entertain yourself without spending money and c) learning to cook are pretty critical.

    I also I grew up in a household where social activities and eating out were a treat. Love this blog!

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  43. That’s a big shame. If you’re really making 200k a year and dressing like a broke college student then I have to say you’re wasting your fun away. Why are you saving up so much of the money you make? What worth is it gonna be if you’re gonna die in possibly 50-60 years from now? Who knows maybe you’re gonna die tomorrow. What use is money if you don’t spend it when you’re young and live as lavishly as your income allows you to? So you can be one of those old guys who start to buy the car of their dreams in their 50’s? Live a little. Spend your money man. It’s gonna be useless when you die.

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    • Ha sorry man, I have a responsibility to my wife and future kids to live below my means. We have plenty of fun, I just don’t really care about wearing nice clothes to impress people.

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      • Well, I’m not saying live below your means, or blow your money away. It’s not about dressing to impress either, it’s about upping your standard as a person for yourself. You can easily walk around dressed in at least 300$ worth of clothes. Think about it this way. If you make another 200k a year that will be more than enough to pay for your kids college, and take care of your wife’s for years. People that make way less dress better than broke college students on average and they live perfectly fine. All you need to maintain a family comfortably is about 90k-110k a year. Anything more than that is just play money.

  44. I wear Halloween and Christmas socks all year round. Shoot! I have some Santas on my feet rt now. Lol

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  45. Just read your article and loved it! Although I do enjoy cars and have a couple of nice ones, my bmw beater is almost 10 years old. I’m also a high wage earner and save about 40 percent of my entire income. I have a strong belief that most people don’t want to be millionaires, they just want the stuff that they think millionaires have. I’m not quite one yet but very close and you’d never know it by how I spend money!

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  47. You are stealth-wealth personified. The holes in the socks cracked me up. Reminded me of Al Bundy in the show Married With Children. Regardless, awesome job in becoming financially independent.

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  48. This is a great topic! I think it’s important to buy experiences rather than objects so most of my purchases are experience-related. I appreciate a good cup of coffee, a meal out, a massage and paying to attend a yoga class at a studio. I’m not very hung up on clothing or household items or knick knacks or purses or shoes – good grief many women really get into purses and shoes!

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  49. You are very wise…although I am older than many of your commenters…my budget for clothing is $2..that’s for shoes/tops/pants…It is so much fun to purchase cheap stuff & people tell you how “cute” something you are wearing is. Thrift stores/garage sales..can’t stand to buy retail..probably not helping you with your retail investment stocks!!

    We buy the vehicles we want now, but always pay cash…that is the best plan..pay cash…and be glad that you can do it!

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  50. Amazing post. And that sock thing, oh my goodness, that’s too funny. I started throwing away holey socks about the time I was homeless, and during that time, to come across as more respectable and easy going, always dressed decently sharp. I occasionally have those days where I toss a few things together and head to work . But you put a good mix of frugal where it counts, and splurging on things that will affect you long term. Socks—-those don’t affect you long term LOL. If it don’t matter in 5 years, don’t give it 5 minutes of brain time! 🙂

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  51. Same here. I’ve been wearing the same old clothes forever. And it’s always a pair of jeans, a black t-shirt and some black ballerinas. I’m super boring when it comes to fashion. I don’t want to spend my time, energy or money thinking about what to wear. As long as it’s comfy I’m happy 🙂
    I drive an 11 year old car and live in a 900 sqft house – which is more than enough for me but apparently it is considered “small” in this country (I’m from France and never thought that 900sqf was small until I moved here)
    I even park my car 15 minutes away from the office just so that I can walk to work and get the $125.00 monthly “parking incentive” check for not using the company’s parking lot.
    Oh and the food from the conference room that always end up in the trash even though it’s untouched? That’s my lunch. Saves me $10.00. I hate waste. And I don’t really care what people think.
    My coworkers probably think I am completely broke even though my net worth is over 1.5 million
    But hopefully I’ll be able to “retire” soon so it’s all worth it.

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  52. This statement of yours is me true and true!
    “I know exactly who I am and what’s important to me, which helps drive my success”.
    I have no problem wearing the same 4 outfits, and looking like the uncool Mom.
    I know I am killin’ it for myself and my family!
    Thank you for putting to words the creed of what many of us live by.
    Cheers, Tamra

    Reply

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