- Joined
- Apr 10, 2018
- Messages
- 94
Hey guys - Not sure if this is the right place to post this. But just wanted to rant a bit.
I am about to purchase my engagement ring for my future fiance/wife. We've been dating for 10 years now (since high school). We are both in our mid-20s, in my mind, we're still both relatively young to be engaged. (by New York City standards). However, obviously after dating for quite some time, there are obvious pressure from all around to get married (or at least engaged).
After doing some searching early March, I ultimately decided to pursue a stone from CBI. I am about to spend ~$27K on the engagement ring, which exceeded my original budget of $20K (if I blame anyone, I blame all the information posted here on PS
, and obviously myself for no self control
).
But on a more serious note, this is a overwhelmingly large purchase. Why this bothers me a bit. I came from humble beginnings, my sister and I are both first generation college students. After graduating college, I did decent for myself and landed in corporate america, made a decent living. I paid off my student loans, I never have credit card debt (I always pay in full). I try to be fiscally responsible so that I could retire early. A few years out of college, my girlfriend and I purchased an apartment in the city, which was an amazing feat, however we are tied down to a 30 year mortgage. Understanding that I could lose my job tomorrow or get into an accident, I max out my 401ks every year, I diversify my money into bonds, stocks, reits, cryptos () etc.
It just boggles my mind that I will be spending nearly $20k+ on an item that has no value (in my opinion), which I would much rather put into a 3% investment grade bond if anything else or pay down my mortgage. I understand that it's a social norm, the diamond industry have done a tremendous job on marketing. And yes, my girlfriend does want a nice diamond as an engagement ring. Of course, after 10 years of dating and still being together, I know she's the one for me, whos been there for me when I had nothing, $20K should be a measly price to pay to keep a person like this in my life.
End rant.
I am about to purchase my engagement ring for my future fiance/wife. We've been dating for 10 years now (since high school). We are both in our mid-20s, in my mind, we're still both relatively young to be engaged. (by New York City standards). However, obviously after dating for quite some time, there are obvious pressure from all around to get married (or at least engaged).
After doing some searching early March, I ultimately decided to pursue a stone from CBI. I am about to spend ~$27K on the engagement ring, which exceeded my original budget of $20K (if I blame anyone, I blame all the information posted here on PS
, and obviously myself for no self control). But on a more serious note, this is a overwhelmingly large purchase. Why this bothers me a bit. I came from humble beginnings, my sister and I are both first generation college students. After graduating college, I did decent for myself and landed in corporate america, made a decent living. I paid off my student loans, I never have credit card debt (I always pay in full). I try to be fiscally responsible so that I could retire early. A few years out of college, my girlfriend and I purchased an apartment in the city, which was an amazing feat, however we are tied down to a 30 year mortgage. Understanding that I could lose my job tomorrow or get into an accident, I max out my 401ks every year, I diversify my money into bonds, stocks, reits, cryptos (
) etc. It just boggles my mind that I will be spending nearly $20k+ on an item that has no value (in my opinion), which I would much rather put into a 3% investment grade bond if anything else or pay down my mortgage. I understand that it's a social norm, the diamond industry have done a tremendous job on marketing. And yes, my girlfriend does want a nice diamond as an engagement ring. Of course, after 10 years of dating and still being together, I know she's the one for me, whos been there for me when I had nothing, $20K should be a measly price to pay to keep a person like this in my life.
End rant.
lol
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