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11 January 2008, 05:13 AM | #21 | |
"TRF" Member
Join Date: Dec 2007
Location: Indiana
Watch: SS DJ/SS GMT-IIc
Posts: 583
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Quote:
This is an issue that I've wondered about (how much to spend), and find very interesting. Obviously, we each make what we make and have different priorities and obligations. For example, I would never spend 2 months salary on a single watch. That's just my personal view. As much as I enjoy looking at and wishing for watches, I find that it's much more important to invest the money for later. So the question is at what point is it irresponsible to buy a watch? We each have differing definitions of "disposable" income. Would spending $20-$30K on a watch break me? Probably not. Would it be irresponsible? Perhaps. At my age, spending $20-30K on a watch rather than investing would probably cost me some time in retiring as early as I'd like. Also, for me, spending that much on a watch doesn't bring to me that much more happiness than a $2000 to $8000 watch. I would much rather spend $6000 and invest/save the rest. I have friends that make the same and more than me, and they would never spend more than $500 on a watch. Watches just don't do anything for them. You raised a very interesting question when you brought out the salary reference. |
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