Happy Friday everyone! I often like to read the news online and sometimes I just find articles that I have to believe are too stupid to be true. This week was one of those times when I read an article on Yahoo Finance about the Savoir Bed company in London. They are in the process of developing a bed that will cost $175,000! This, of course, was just a bit asinine and had to make sure this company was for real. After a quick Google search I did find that they are, in fact, very real and pride themselves on making high quality bedding. I’ll forget for the moment that this bed cost more than our house did and the craziness of making a bed that costs that much. The sad thing is that I am sure that there are people who’re out there that will buy this bed, I just wonder which of their vacation homes said bed will be put in.
If you choose not to read the article I’ll provide some of the highlights, if you can call them that. The bed is said to take over 700 hours to make. Being as that I am not in the mattress industry I do not know if that is a lot or a little in terms of making a mattress, though I would venture to guess it’s an outlier. What is this bed made of? I am glad you asked! It’s made of “masses and masses” of Latin American horse tail, “mountains” of Mongolian cashmere and specially woven silk that could span nearly 1,600 miles in distance. Now, I don’t know about you, but nothing says luxury like Latin American horse tail! If durability is a concern, then fear not as it is supposedly guaranteed to last at least 25 years to which they say works out to a mere $19 and change per night. Now if you think $175,000 is right inside your budget then you better not forget the topper, which needs to be replaced every 5-7 years at a cost of $5,000 – $10,000. Figuring it would have to be replaced 4-5 times over the life of the mattress (not including inflation) you’d be looking at a total of at least another $20,000 to $50,000 for toppers. Finally, you can also have the bed specially embroidered to have virtually anything placed on it from a family crest to a favorite symbol. The spokesman for the company was spinning the importance of a good night’s sleep and even had the gumption to suggest that this bed was an investment. My question to him is…for $175,000 will the bed do my sleeping for me? If I am whetting your appetite to indulge in this ultra high end bed you better be ready to face some competition as they’re making a mere 60 mattresses to sell to the public. Seeing as Mrs. Frugal Rules and I have to buy a new mattress this summer I can only hope that there’ll be one still available for us.
Enough of my rantings, and on to more important things. It’s been another great week in the blogosphere. I’ve been fairly busy with business stuff this week so have not been able to read as many blog posts this week but was still able to read some great ones. If you have the time this weekend I encourage you to check out some of my favorite blog posts from the week. Also, don’t forget that today is the last day to enter this $100 Cash Giveaway to celebrate Frugal Rules’ six month blogiversary. The drawing ends at midnight tonight.
Blog Post of the Week
Net Worth of $160,000,000 and Working in Food Service on 1500 Days to Freedom
Mr. 1500 shares a story he read in the news of the Pritzker family (the family who owns the Hyatt chain of hotels) in Chicago and one of their daughters who worked in fast food while in high school. They interviewed her boss and he had no idea that the child was worth $160 Million. Mr. 1500 breaks down the huge role we have (if you’re a parent) in teaching children about finances and treating money with wisdom. As a parent this really struck a chord with me that one of the most loving things you can do for your child is to raise them to manage their money effectively as well as the value of hard work.
Other Blog Posts That Ruled
Back to Basics on The Frugal Farmer
I Hate Wal-Mart: My High Cost to Get Low Prices on Club Thrifty
Evaluating Blog Marketing Efforts on Modest Money As an aside, check out Jeremy’s new Guide to Starting a Blog page which has some incredibly helpful information on starting and maintaining a blog.
The Neglected “Secret” to Becoming Rich on Johnny Moneyseed
Personal Responsibility and Debt Relief Are Not Dirty Words on Enemy Of Debt
Winning is More Valuable Than Losing on Luke 1428
Odd Search Terms
Are student loans for art degree worth it…Sure, if you’re the next Monet!
Gardening for money…Now that sounds like a good crop…money!
I have not paid my credit card bill in months…I’m sorry
Is $20,000 credit card debt bad…Uh…YES!
Tax filing hell…Yes, filing your taxes can be hell, but it does not have to be.
200 frugal ways to save money…Now you’re just showing off!
How to not spend money for a year…By giving it all to me!
When I scratch my head I think…what are you doing the rest of the time?
If you had $175,000 to spend what would you spend it on? What would you have embroidered into a bed if you could?
Photo courtesy of: Mydecorative
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That would want to be the most comfortable bed in the entire world. Do you think the insurance company would believe you when you said you have a bed worth more than a house? What a joke!
Have a terrific weekend
Glen @ Monster Piggy Bank recently posted..Top Personal Finance Articles #6
I would hope that it would be comfortable. But, like I said, it better do the sleeping for me if it costs that much. That would be quite the insurance claim, wouldn’t it?!
Ok, John – I agree that 175k is well beyond ridiculous to spend on a mattress, but you have to admit: wouldn’t you love to sleep on it for just one night? It has to be absolutely fabulous! We spent $1500 on a mattress 10 years or so ago, and I LOVE that thing almost as much as I love the kids
. A good night’s sleep is well worth spending good money for quality. Maybe not 175k worth of quality, but you get the picture. Thanks for the mention, John, and have a great weekend!
Laurie @thefrugalfarmer recently posted..Back to Basics
See…I’m right there with Laurie. There isn’t much that beats a good night’s sleep. We’re in the market for a new mattress. Ours won’t come close to 175k though
CollegeMom recently posted..Are you liable for pre-marital debts?
I agree, though I don’t know that I could sleep on such an expensive mattress.
I think I would be too afraid to sleep in it. Not that I do not enjoy nice things, but I’d just feel too uncomfortable I think. I’d be too busy thinking about how else I could spend or invest that money.
You have a great weekend as well Laurie!
Again, have to say I love the more limited blog roundup. Definitely more likely to check out the articles vs. a list of 20. Just validating your decision again
I feel like at some point a mattress can’t improve much. The difference between a $200 and $5,000 mattress may be significant, but not a $5,000 and $175,000 one. Definitely have to be insane to pay that much.
DC @ Young Adult Money recently posted..Friday Giveaway Roundup – 46 Giveaways
Yeah I agree. Especially when one of my links is including
My mattress was about $2k. I was always taught to never go cheap on a mattress or shoes, because if you’re not in one, you’re in the other.
Johnny Moneyseed recently posted..Ten days of nothing but juice
That’s a great point JM! I shudder to think what we’ll be spending here in a few months, but it’s worth it for a good night’s sleep.
Thanks DC! I really am seeing that myself as I visit other blogs and it just takes too much time to be honest.
I agree there is a fine line between spending for quality and just down right being stupid in spending what you could use to buy a house for a mattress.
If I had 175k to spend on anything it wouldn’t be a mattress! Maybe 5k or so for a mattress. The rest would probably go towards a nice property in the keys that could generate rental income when I’m not using it!
Jose recently posted..Build a Raised Garden Bed for a Happier Garden
I agree Jose. I’d be looking for the best investment option available and throw it at that.
I spend $175K on mattresses all the time! Haha just kidding of course. That is crazy.
Michelle recently posted..How to Transition Back into the Workforce After a Long Period of Unemployment
I knew there’d be someone who would be in line to buy one of these.
I read this article and laughed a little. I think it is absolutely ridiculous that anyone would even think of making a bed that cost that much. A bed can really only be so comfortable. Do they offer mortgages for these beds? I hope it doesn’t come with PMI (private mattress insurance)
Grayson @ Debt Roundup recently posted..Using Coupons to Drive Humanitarianism
Lol at the PMI! I agree Grayson. It just goes to show you how someone is always going to think of something completely over the top to try and sell to us.
Thanks for including my EOD post! 175K for a bed…..wowzers. You know whomever buys it won’t even sleep on it. It’ll just be one of those things they stick in one of their 20 bedrooms as something to brag about anyway. have a great weekend!
Travis @debtchronicles recently posted..I Love You Like a Blogger Roundup – 3/22
Not a problem Travis, I really enjoyed it. I agree that many who are part of the “privileged” 60 to buy this will probably never sleep in it.
If you gave me $175K, I’d pay off my whole house and still have enough left over to buy a decent mattress. I guess you wouldn’t have to worry about hiding money under this mattress because you wouldn’t have any left to hide! Have a great weekend.
Kim@Eyesonthedollar recently posted..How Much Time Would You Invest for $2.50?
I would do the same thing Kim. If I were to buy something like this it WOULD be our house.
You have a great weekend as well Kim!
If I had $175k I would buy a rental property and go on a nice vacation.
A vacation would definitely be in the books for us.
$175,000 for a mattress??? OMG, that is crazy! What people will spend money on is just baffling sometimes!
Have an awesome weekend
Mackenzie recently posted..Randomness…
I agree Mackenzie! I was just shaking my head the entire time I read the article. They’ll probably put it next to there $50,000 nightstand.
You have a great one as well Mackenzie!
For that kind of money my bed better cook and clean for me as well!
Budget and the Beach recently posted..Link Love/Week in Review 3/22/13
No joke Tonya! It better change diapers too.
Thanks for mentioning my post! Paying $175K for a bed is insane. Anyone who has that much money to spend on a bed needs to give some away!
Holly@ClubThrifty recently posted..I Hate Walmart: My High Cost To Get Low Prices
Not a problem Holly, I loved reading it after doing my Wal-Mart post a few weeks back.
I agree, if someone has that kind of money to spend they really should be giving a good chunk of it away.
Seriously 175k?! I’d like to think if I had 175k to blow I’d be a little more responsible like donate it or feed the hungry or buy a house. Have a great weekend John!
Catherine recently posted..My Furry Money Pit
No joke Catherine! You could probably bankroll a charity for half of the year or something like that. You have a good one as well Catherine!
The only reason why I would purchase a 175k mattress is if there is 180k stuffed inside it! Ridiculous!
Midlife Finance recently posted..Five Tax Tips: Past, Present, Future
I think I’d be in line with you.
As the distribution of wealth between rich and poor gets crazier and crazier, I have a feeling we’ll start seeing a bunch more of this stuff… Who’s ready for a $80,000 refrigerator!
CashRebel recently posted..Making The Switch To My Employer’s Smart Phone To Save $40/mo
That’s a great point CR! I would tend to agree that we’ll probably see more of this kind of thing. After I buy one of these I’ll be saving up for my $20,000 toaster.
A bed of horse-hair and cashmere sounds soft, but not particularly comfortable. That mattress is supposed to last 25 years? Guess what, my Serta is probably that old!
Edward Antrobus recently posted..When Bankruptcy Makes Sense: Infographic
I would agree Edward, it does not sound very comfortable to me either. Our mattress is getting up there in age too though I imagine we’ll be spending much less than $175k
.
Haha 175k might be a bit excessive, however I am a big fan of investing wisely into your bed selection. Even if you only sleep six hours a night, that means 25% of your day is in your bed. We readily spend several multiples more on a car that will only get a fraction of the same time daily, and won’t necessarily improve our quality of life in the same way a good night’s rest will. So my advice for you this summer? Go big or go home. Well not really, but don’t be afraid of sticker shock. Find a bed that fits you, will provide you with a wonderful place to sleep and then address the cost (don’t forget to haggle!).
writing2reality recently posted..Proofreading Will Be The Death of Me!
That’s a great point. I was actually just discussing cost with my wife a little earlier and was warning her to be on the aware that prices will likely be higher than what we’re wanting. You better believe that we’ll be haggling.
Ha, you should be an affiliate for this mattress John, imagine the commision!
Money Bulldog recently posted..Monaco ~ A Playground for the Elite
Hey, that IS a thought Adam, why didn’t I think of that?
That’s absolutely nuts! I wonder how many of the people who buy this bed will still be rich 20 years from now. Great round up of articles.
Brick By Brick Investing | Marvin recently posted..How Poker Made Me A Better Investor
I agree Marvin. I couldn’t believe it, but they are indeed real.
Who needs a house when you have a $175,000 bed. Just throw that baby under the freeway and you have the perfect life – you would never need to get out of bed.
Melinda Gonzalez recently posted..How letting go earned me 30% profit in two days
Lol! No doubt. Maybe I should just buy two and we have accommodations for the whole family.
Thanks so much for the mention, you made our day!
Mr. 1500 recently posted..Thursday Rant: Why can’t I get through?
Not a problem! Loved the post and you hit the nail on the head.
We bought a mattress during one of those ubiquitous holiday mattress sales. It was the $200 job they advertise to get you in the door, and then try to upsell you to a much more expensive mattress. We stuck to our guns, paid $200 for the mattress AND box spring, and we still have that bed. It is super comfortable, 10 years later.
I cannot fathom plopping down $175,000 for a mattress, or really for anything other than a house.
But hey, maybe I will start a company that makes $200,000 mattresses, and we are only making 50. Way more money, way more exclusive. And none of that silly Latin American Horse Tail in this baby. So plebian. Our mattress will be stuffed with Platypus Belly Fur. And covered with the woven tail hair from the North Korean Unicorn herd.
Mrs. 1500 recently posted..Thursday Rant: Why can’t I get through?
Lol! That’s freaking awesome! Count me in for one of those mattresses…I want one as they’re coming off the factory line!
Latin American horse hair, that just sounds gross to me, but I guess they aren’t marketing at $175k to me, so maybe I’m just the foolish one. Have a good weekend.
KK @ Student Debt Survivor recently posted..I’m Not Cheap, You’re Broke!
I agree, it sounds a little odd & gross to me but it’s not for me I guess. You have a great weekend as well.
I’ll stick with the 35 setting on my Sleep Number bed! Thanks for mentioning my post as well John. Have a great weekend!
Brian @ Luke1428 recently posted..Winning is More Valuable Than Losing
I’ve slept on a Sleep Number bed several times and have really liked them, though it might be too rich for my blood.
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