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Old 29 November 2011, 12:28 AM   #1
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Old 30 November 2011, 11:02 AM   #2
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To the OP from your original posts: Never in a million years would I suspect that I would own a Rolex until my mom said "Let's get it, you seem to really like it."

Who is paying for this watch "Let's get it ..." "Let's" is let us. So who is paying for this watch? Mom?

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Old 28 November 2011, 03:05 PM   #3
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@daunwaun the value of a dollar ha! the way I see it the green back is losing. Now the value of the GBP that's something we ought to look at. I don't see myself getting into real estate gig or anything until later in life. Sure at least a 1000 a month but what if I run into complications while trying to pay that mortgage or lets say I have a ton to do in repairs so people will actually want to live there. The 1000 month barely puts a dent in what I have to spend to fix it up. I know the old saying you gotta spend money to make money but that's more like trying to get out of a deep hole that slowly fills with water. Eventually, the hole will be full and I hope to swim to the top or float to the top but in the process I could drown. Its not a risk I'll take.

Comments like this are seriously off putting and showing that you take these forums to seriously. Lighten up and let me try to live my life to the best. You're one of the many that make it look miserable and fill me with lots of rage and hate. Seriously, any comments like these I say STFU to and just look the other way.
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Old 28 November 2011, 11:43 PM   #4
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Originally Posted by Hiya Buddy View Post

So what do you guys think. Which watch is the right one for me. I love the DD II but I also the sub. And what better place to seek an answer than TRF.

Thanks for your help, any answers are appreciated!
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Comments like this are seriously off putting and showing that you take these forums to seriously. Lighten up and let me try to live my life to the best. You're one of the many that make it look miserable and fill me with lots of rage and hate. Seriously, any comments like these I say STFU to and just look the other way.
"insert double face palm pic" here.....
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Old 29 November 2011, 12:32 AM   #5
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@daunwaun the value of a dollar ha! the way I see it the green back is losing. Now the value of the GBP that's something we ought to look at. I don't see myself getting into real estate gig or anything until later in life. Sure at least a 1000 a month but what if I run into complications while trying to pay that mortgage or lets say I have a ton to do in repairs so people will actually want to live there. The 1000 month barely puts a dent in what I have to spend to fix it up. I know the old saying you gotta spend money to make money but that's more like trying to get out of a deep hole that slowly fills with water. Eventually, the hole will be full and I hope to swim to the top or float to the top but in the process I could drown. Its not a risk I'll take.

Comments like this are seriously off putting and showing that you take these forums to seriously. Lighten up and let me try to live my life to the best. You're one of the many that make it look miserable and fill me with lots of rage and hate. Seriously, any comments like these I say STFU to and just look the other way.
Make another comment like this one and you may have to go and seek advice elsewhere. Keep it respectful. Telling someone to STFU is not ok. Members are simply stating their opinion about increasing debt....you don't have to agree but you did state 'any answers are appreciated'.
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Old 30 November 2011, 08:31 AM   #6
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[QUOTE=Hiya Buddy;2898270]Sure at least a 1000 a month but what if I run into complications while trying to pay that mortgage ...QUOTE]

Put that same thought into your watch finance decision.

Amerikuh, FVCK YEA! (southpark)
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Old 28 November 2011, 03:12 PM   #7
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@Hiya_Buddy there is no reason to explain yourself to anyone on this forum, most folks here are older than you and I combined, however, as I initially wrote you should hold off on that DD2 and use that cash for something more fruitful. Enjoy college, have fun, make mistakes that won't impeed your financial future or your health. Keep an open mind while posting here and don't take anything people say here offensive. Heck if you really want a Day Date I'll let you borrow my 18946 next time you're in NYC (I'm joking )
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Old 28 November 2011, 03:19 PM   #8
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I'm 62 and I live in a man-cave. Seriously.



Don't finance a watch.

Put the money in the bank and when you have enough cash, buy the watch.

However, reading your posts on this thread it seems like you have everything else in the world already figured out.

Deciding on a watch and financing it should be a cakewalk for a go-getter like you.
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Old 28 November 2011, 03:23 PM   #9
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LOL @FremStar thanks for that. I mean I've looked at stuff already. I don't want a car, I want a necklace like my dads (18K YG Cuban Link) but 12+ grand on your neck is easier to see than 30 grand on your wrist. The same applies to a 18K YG bracelet that I want and problem is, it can be seen right away as gold. The watch is the best because you can't tell if its real gold because so many people wear watches that look like they're made of gold. That's why the DD II is more practical than any ring, bracelet, or chain.

I'm not looking for any house because I would rather live in some sort of condo then think of buying a house when I'm in my late 30s. I don't want to live with my parents forever but that will save me money. Again, if I had the DD II I'd pretty much be all set with blowing lots of cash until I think its time to buy a house. Ultimately my goal to buy a house is to take a stroll to then bank, fill up a sack with withdrawal money, and drop that sack of cash in front of the person selling me the house, to make a statement Realistically speaking, however, I would get a mortgage of some sort but I hope it isn't for 30 years
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Old 28 November 2011, 03:24 PM   #10
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Quote:
Originally Posted by daunwaun View Post
And this ladies and gentlemen is the reason the world is in a financial mess. Spending before saving, wanting more than we can afford and then going out and putting it on credit.

Honestly, where are your parents in all of this? It seems like your wanting these watches to make a statement? Why not take the $30,000 and put a down payment on a real estate investment that would pay you $1000 a month and then you could finance the watch by having an investment pay it off for you??

One of the major reasons we are in a financial mess is because they don't teach the principals of money in school, at any level...

*Sigh* I rest my case...
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I feel like I'm missing something here. For one thing, is the Sub going to be financed as well? If not, who's going to actually be the one spending money on the Sub? The only reason I say this is because it sounds like the Mom was the one who bought the current DJIIs. If this is the same deal with the Submariner, than I guess that's the only option if the DDII is off the table. When it's OPM, you take what you can get.

Second, how are you going to actually pay for this? You say that you can't get 37 grand and only have cash on hand of 15, which leaves a balance of $22,000. With interest completely out of the picture, you're looking at about a $611 monthly payment for the 36 month time frame. I don't know if you're a full-time student, but most students I know don't have enough disposable income to spend $611 bucks per month on a luxury item.You mention that you work whenever you can, but when you're considering long-term financing, you have to think more, well, long-term. Where do you plan on being 3 years from now when you pay off the debt?

Also, you mention that this is going to under your mother's name if you purchase it. I guess my next question would be regarding who exactly it is we're asking the store to finance here? If the account is going to be in your mother's name, I'm confused as to why you have to go around looking for long term financing. It seems she's aware that you want this item, so if this has to be done at all, why not just have her purchase it and arrange to pay her back somehow? Either I'm missing something here or this sounds like a potential powder keg waiting to go off.
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Old 28 November 2011, 03:27 PM   #11
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1) Do not finance a watch for $15000. You have plenty of nice valuable watches, no need to get $20000 in debt.

2) i agree with you on property a bit, it is a liability. I have actually owned three- ( not at same time) 2 outright in the UK and having sold my last UK property I have now bought one in Sydney. It is Mortgaged of course because i do not joke when i say you cannot get ANY 2 bedroom Property with 20km of the Sydney city ( unit , apartment ) for under half a million US MINIMUM. Now i know in Sydney i will never lose money on a property and everyone has to start somewhere UNLESS you want to end up a 40 year old in your mums basement.
I am now 27 and i have a few watches.. a lot less then i woudl like;) but they woudl be the first things to go if i really needed them too. I could not justify $5000, never mind $35000 on a watch at the moment for various reasons. Yet if i wanted to, i do have the money.
I think in a few years you will realise that having spent $15,000 and financed 20,000 would be a big mistake.
Just think, add $15000 to whatever else you make and can save until gradutation. You might then get offered a great job and be able to afford a deposit on a house/ apartment. Now a single 24 year old with his own house with 2 great rolex watches is a lot smarter person than one with an extra $35000 gold rolex.
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Old 28 November 2011, 03:31 PM   #12
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@Aeternitas Mom pays for it. Because she does this, I am going to take her on vacations. And my brother and I plan to pay her back with a Rolex and other fine pieces of jewelry that she really wants. She and my dad have done lots for us and we're gonna pay them back when we're both on our own.

So the no interest financing is a good thing to consider especially when we can put down half the price of the watch itself and pay off the rest in increments.
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Old 28 November 2011, 03:44 PM   #13
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@Hiya_Buddy you sound like my buddy Ritchie (ObscureLight), his folks own a buisness he helps operate, just like yourself he came in big on TRF purchasing a 14060, 116261, and 118238 within a few months, it appears like your mind is already made up. If your parents are willing to finance this purchase for you then who are we to state otherwise. If you were sitting in my office I would say you're nuts but on a public forum like this it's all fair game! I don't want to sound like a broken record, however, put the cash into something more meaningful, if not I look forward to seeing your Incoming thread As an FYI to you, I was given the opportunity by an AD to wear the Chocolate dial Rose DD2 for a day, however, did not bite on it because quite frankly the piece was not what I expected in 41mm piece. If you finance that piece and decide you don't like it your Mom will be stuck with the MSRP note to pay while you lose cash in trying to find a buyer!
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Old 28 November 2011, 04:09 PM   #14
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@FremStar I tried on the DD II over a year ago and would like to try it again when I visit one of my ADs. At Ross Simons here in Boston I had the opportunity to try on the WG submariner with blue dial. That thing weighed a ton and Im a bigger guy lol I thought it was nice but not for me. But I have to find the time to try on the DD II in YG again that way I can compare with mine that I now have ha ha. Anywho whichever one I get you can look forward to in one of my next posts.
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Old 28 November 2011, 04:57 PM   #15
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Facepalm anyone?
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Old 29 November 2011, 02:20 PM   #16
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Hiya Buddy - best of luck and happy hunting! Some comments are good and other comments border on hater types. Go with what pleases you the most.
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Old 29 November 2011, 02:36 PM   #17
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Quote:
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Hiya Buddy - best of luck and happy hunting! Some comments are good and other comments border on hater types. Go with what pleases you the most.
I don't think there hatin they are just trying to save his family a lot of headaches.. He has parents that can't (don't want to) say no and seems like he is taking advantage of that. I had a friend growing up that had parents that would not say no and leased his BMW and got him nice gear and then there resturamt went under and he hit the ground hard.. Nothing last forever.

Dam when I was 19 I thought a $800 movado was big time ballin.. My first decent watch was a rado I know but it was over $1000 and I was scared to wear it thinking I would get jumped for my rado and then a B&m and finally at 30 got my first rolex date just for $5k and I feel blessed to have that.. I would feel horrible asking my moms to finance a $30k watch .. She thinks I'm crazy for spending $5k on a rolex.. So she would smack me silly if I asked her to sign for a 30k watch.. I felt bad and had to butter her up to co sign my lease on a 30k Acura that was $300 a month and I was making 50k a year at the time 6 years ago..
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Old 28 November 2011, 05:25 PM   #18
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When I was 19 I had just joined the Air Force and would have been thrilled to have 1 Rolex. You are very blessed to be able to do such things. Enjoy them. As for financing I would not even finance with an interest free loan. It is a watch. I don't even finance vehicles much less a watch. It is such a bad Idea. Paying for a watch with a credit card is fine. Just pay it off when you get your statement. My rule of thumb is always have X amount of dollars cash for life and I have a slush fund with X amount of dollars in it. I never ever mix the 2. If I can not outright pay for something I want I do not buy it. It is that simple, No other way around it for me.

The only positive for buying a Rolex or 3 is if you do need money you can flip for cash. But that only happens if you do not owe anyone anything for the watch you flipped.
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Old 28 November 2011, 05:48 PM   #19
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The op's a damn fool
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Old 28 November 2011, 05:59 PM   #20
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It is pathetic to consider to go to he UK from the US only to finance a watch you obivously cannot afford (why would you otherwise cosider financing), if you really are 19 year, sell the oldish T/T DJ's and buy a S/S SubC in the US and worry about geeting a DD later in life,

psv: had good advise for you, follow them i also my advise
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Old 28 November 2011, 06:03 PM   #21
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This thread makes me realize what good parents I have.

To the OP - you need to read the book The Richest Man in Babylon.

Then, you really need to learn that this appetite your fueling cannot be satisfied. the WANT for more never dies and never rests.

Better to get addicted to accomplishments and carry that victory and confidence in your eyes, not some fake image of accomplishment through wearing jewelry you simply cannot afford because you have no financial power.
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Old 28 November 2011, 10:57 PM   #22
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Then, you really need to learn that this appetite your fueling cannot be satisfied. the WANT for more never dies and never rests.

Better to get addicted to accomplishments and carry that victory and confidence in your eyes, not some fake image of accomplishment through wearing jewelry you simply cannot afford because you have no financial power.
Exactly.
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Old 28 November 2011, 06:43 PM   #23
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I will focus on the watch question and i will say try both watches on (DDII, Sub) also try a DSSD and choose the DSSD.
Kidding aside i like them equally and i believe both the Sub and DDII are great watches!
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Old 28 November 2011, 06:50 PM   #24
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Do you really want to spend around $1,200 per month for 36 months? OUCH!
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Old 28 November 2011, 07:06 PM   #25
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ok, here we go:
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Old 28 November 2011, 07:21 PM   #26
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I’ve been on this forum only recently and must admit that most people here are very nice. They’ve mainly laid it out very gently to you. I guess its somewhat reflective of the profile of a majority of the people here.

That being said, it’s your life and we respect your decisions. But I do think you have some very good advice from the various members here and hopefully it is something you’d want to consider.

In any case, all the best in your final decision.
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Old 28 November 2011, 09:29 PM   #27
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I am paying for both of my kids college education just like your parents are.

If I found out that either of my kids financed a watch, or ever considered doing such a thing, their tuition would be cut off immediately.

If they can afford to finance a watch, they can afford to finance their education.

I'm just thankful that neither of my kids would ever contemplate such a thought.
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Old 28 November 2011, 11:11 PM   #28
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Big fan of the YG DDII.
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Old 29 November 2011, 02:35 AM   #29
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nowadays, young ones no longer seem to be able to differentiate between needs and wants.

you don't need another Rolex, much less one which you or your parents will have to finance. the family business (in which you are helping out with) may be doing well now but that is not guaranteed for the duration of the (interest free?) financing period.

have you put any thought into the fact that your parents (or just your mother) might be putting themselves into a financial risk just because they want to make you happy?
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Old 29 November 2011, 02:41 AM   #30
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Hiya Buddy, I'm 21 and own a couple of watches that are, considering my budget for those purchases, quite expensive (nothing like yours tho, congratulations on those two DJ-II's ). I know a lot of people already expressed their feelings towards your case but I'll just add mine hoping it can help. In between the two watches I'd rather get the RG DD-II because I think it looks amazing and it's an original watch as you don't see them very often (I already tried the YG model and thought it was a beautiful piece). However I would never consider any type of financing for jewels or watches (believe me, I've been buying rings, bracelets and chains since I'm 14-15 and I always saved my "hard earned" money to buy them and paid them all at the very moment of the purchase! ). I know people told you about being struggled with debts but I'd also like to add a little fact: there's nothing like buying something with some money you know you saved and gained with hard work! It sounds very cheesy and old but personally I think it adds a special thing to the whole process and I wouldn't change that habit of mine!

P.S.: Don't forget that it remains your money and your business, you do what you want but I'd choose between those options: save to buy the DD-II or get the Sub and keep the other one as a thing to buy before I reach 60!
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