Purchases worse than ROLEX: A perspective

[milspec]

yesterday I met a friend and as we were talking, he mentioned he got a new car. I remember he bought one new car about 6 yrs ago for $18,000. Then spent money decking it up and adding accessories. He told me that the bluebook value is only $2,500 -- $4,500, after adding 80,000miles.

Just look at the money he lost: $15,000 gone, insurance $$ for the last 6 yrs and gas $$ for the last 6 yrs ....and now his car's value is steadily declining....

So I told him he should have bought a couple of ROLEXes instead, since this car was a pleasure and not a necessity ... the value and demand of a rolex would still be there ....

Another friend spent $18,000 on furniture... one stupid dining table, 2 beds and 3 cabinets .....could have done it way way cheaper for similar quality but had the $$ to throw away .... you know how hard a time he would have if he were to try to sell this stuff back?

Another friend spent $4800 on a TV and sound system last year ... one little malfunction and it is all over .....

My parents took a european cruise ... flew from Los Angeles to Spain ... spent about $6,000 and now all they come back with is a DVD of what they did and some stories and memories that are fading fast ....$6,000..that's a freakin GMT IIc ......yeah they enjoyed, had a good time blah blah blah but got nothing much to show for that $$ ,,,,,one dvd and some pics in their digital camera.....


So the lesson is that don't feel bad about your rolex purchase ... there are enough dumb things we do in our lives that make a rolex purchase seem and actually makes it a real wise decision...just think of all other places you are throwing your money and have nothing to show for it after 5-10 yrs ....apart from buying real estate, gold or investing in the long term, there is not much out there where you can make a purchase, use it and enjoy it and your item still be in demand when you sell it...