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Desibaba · 12 August 2015, 10:31 AM

I see a lot of people here buying watches that probably cost more than they make in a month. In some rare cases even a year. Would you do it? How much is too much in your opinion?

whatches · 12 August 2015, 10:34 AM

Quote:

Originally Posted by Desibaba

I see a lot of people here buying watches that probably cost more than they make in a month. In some rare cases even a year. Would you do it? How much is too much in your opinion?

I think it's all relative.
I mean if you have no commitments, have cash saved up, and zero dependants, you could spend 6 months worth of pay and get away with it. (not saying you should)

A friend of mine buys expensive watches very often, but recovers the money within no time as he pretty much has no other expenses at all.
He recently got a watch that cost him 5 months of pay. He saves up a lot still.

Things change when you have a wife / kids, responsibilities.

All just depends.

AbsolutelyROLEX! · 12 August 2015, 10:36 AM

I think a lot of people here spend 2-whatever months on their watch
Like above post its relative

LuminousMaximus · 12 August 2015, 10:37 AM

This is a loaded question...Because my wife is looking over my shoulder...

Ok she's gone...Yes yes and yes...

beshannon · 12 August 2015, 10:40 AM

In my opinion it is enough when my wife says it is enough

Oyster99 · 12 August 2015, 10:40 AM

Its really divers here because there are people who have to save a loooonggg time for the same watch another forum member can almost buy every day. So its all relative. And since watches are a hobby i can only see myself buy more than one after financial freedom and stability is achieved.

Desibaba · 12 August 2015, 10:41 AM

Lol im lucky I dont have a wife, kids or a fat mortgage payment to worry about. My watch and car are my two "Toys" lol.

beshannon · 12 August 2015, 10:42 AM

Quote:

Originally Posted by Desibaba

Lol im lucky I dont have a wife, kids or a fat mortgage payment to worry about. My watch and car are my two "Toys" lol.

Well I am very lucky I have a wife and a lot of watches, so I am still not sure what you are trying to get at. It is all relative as each persons situation is vastly different.

Poly · 12 August 2015, 10:43 AM

Quote:

Originally Posted by beshannon

In my opinion it is enough when my wife says it is enough

+1 for sure!

brandrea · 12 August 2015, 10:44 AM

Its a luxury item, so I would assume that most here would spend disposable dollars at their own discretion. A months salary to some might be a years salary to others.

lsettle · 12 August 2015, 10:44 AM

I have spent a months pay on a watch twice now. I saved and paid cash, that is the trick.

Cheers,

Lawrence

mjclark32 · 12 August 2015, 10:44 AM

Would I? Yes. Would my wife let me? No

Desibaba · 12 August 2015, 10:46 AM

Quote:

Originally Posted by beshannon

Well I am very lucky I have a wife and a lot of watches, so I am still not sure what you are trying to get at. It is all relative as each persons situation is vastly different.

You have a good wife

Not many people on this forum have the same luxury as you do...

Danny83 · 12 August 2015, 10:48 AM

I would say a rule of thumb would be no more then 10-15% of your savings.

Muzz · 12 August 2015, 10:49 AM

If I have extra cash floating around it is not a big deal however I seldom break it down into months/income/savings. In fact savings is not my forte.

My Wife, does not care about watches coming or going (as long as they are not hers lol) She is set on her collection and does not want anything watch related anymore.

Headshrinker · 12 August 2015, 10:50 AM

I'm older and have saved well. I guess I could buy just about any watch out there, but have found my niche with Rolex. Even if I was a billionaire I could not justify wearing a watch worth several hundred thousand dollars to myself. I guess it is all relevant, as many consider a Rolex as excessive or overly extravagant.

THC · 12 August 2015, 10:51 AM

Life is short, if you are meeting all your obligations, no matter what they are, and you have the means to buy a luxury watch... Then do so... In a hundred years will anyone care?

simongpaez · 12 August 2015, 10:53 AM

I have a wife and 4 kids, so every cent counts, I love watches and I am fortunate to have some of the watches I always wanted to have but everytime I want to buy a new one I have to think it a lot and it has to be worth a lot , not in terms of $ but in terms that I really love it and want it.

GB-man · 12 August 2015, 10:54 AM

Quote:

Originally Posted by Danny83

I would say a rule of thumb would be no more then 10-15% of your savings.

Stop enabling us Danny

Quote:

Originally Posted by THC

Life is short, if you are meeting all your obligations, no matter what they are, and you have the means to buy a luxury watch... Then do so... In a hundred years will anyone care?

Amen

Danny83 · 12 August 2015, 10:57 AM

.

chickennho · 12 August 2015, 10:59 AM

i saved up 3 years and got my Hulk and 233

Danny83 · 12 August 2015, 11:02 AM

Quote:

Originally Posted by GB-man

Stop enabling us Danny

Amen

Really I think thats good one of my friends is a true wis he saved 20k to buy a 116718 and has no more savings

I told him that rule and I think it would make more sense.

treblarefils · 12 August 2015, 11:09 AM

Its just money you can wear. Most Rolex models at least are very easy to unload if necessary. Although I would never advise someone to have all their eggs in one basket if you know what I mean.

judson · 12 August 2015, 11:09 AM

I work 8 Saturdays a year to pay for my watches. Some years that is enough to purchase a new Rolex, some times I have to skip a year or two. Depends upon the watch that I have my sights set on.

AS1 · 12 August 2015, 11:12 AM

one year's income on a watch sounds like complete insanity to me but each to their own

abovedeck · 12 August 2015, 11:16 AM

I think it's all relative.

If you rent your home and don't have a lot of spare money laying around, have no retirement fund set up and really don't have a "future" but you spend even $5k on a watch with money that you saved for months or years, I think your priorities are very out of line.

On the other hand, if you own a home, have stocks/annuities/etc for the future, have a job where you are only moving up, then who cares as long as it doesn't drain you to buy the piece.

I live part time in Los Angeles. I see kids driving $100k Porsches and then parking them in the driveway of their apartment that they share with 5 other friends. Or guys that work in retail but manage to spend $700/month on their BMW lease. It's crazy IMO.

77T · 12 August 2015, 11:23 AM

There are so many possible answers that I don't think that I have a great way to answer.

But my starting point was a huge bonus for turning around a division of a 3 initialed global network provider...that enabled the first Rolex. Since then it's been flipping for minor gains - and yes some setbacks. By putting the gains to work I have been able to wear dozens of others while I wanted to.

So I believe anyone who can get their first Rolex, and has a desire to wear as many as they'd like, can do the same thing. Therefore one doesn't have to spend a month's income or more per watch.

But my method wasn't to build a large collection. Never had more than 4 at any one time.

Sent from my iPhone using Tapatalk

Roll the Lex · 12 August 2015, 11:36 AM

Years? No way.
I might be crazy about watches but watches are not the be all, end all.
But I am crazy enough to take a look at flipping both mine for a Smurf or something along those lines

robbonds · 12 August 2015, 11:37 AM

Rediculous question. People spend money on all different things. I know millionaires driving Hondas. There is no rule or right answer. Just be responsible and pay your bills!

GradyPhilpott · 12 August 2015, 11:45 AM

I've never made any pretense toward being rich and yes, I have several watches that cost a month's pay and more, way more.

12 August 2015, 10:31 AM	#1
Desibaba "TRF" Member Join Date: Jul 2014 Location: Ft Lauderdale, Fl Watch: Sub,Pam90,SA2 Posts: 595	Would you spend one month's income on a watch? How about a years? I see a lot of people here buying watches that probably cost more than they make in a month. In some rare cases even a year. Would you do it? How much is too much in your opinion?

12 August 2015, 10:36 AM	#3
AbsolutelyROLEX! "TRF" Member Join Date: Oct 2011 Real Name: Andy Location: Ontario, Canada Watch: AKA: ANDERL712000 Posts: 4,935	I think a lot of people here spend 2-whatever months on their watch Like above post its relative __________________ We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder

12 August 2015, 10:37 AM	#4
LuminousMaximus 2024 SubLV41 Pledge Member Join Date: Jan 2013 Location: USA Watch: me hit Huge Lotto Posts: 6,512	let me think... This is a loaded question...Because my wife is looking over my shoulder... Ok she's gone...Yes yes and yes... __________________ “Every man Dies... Not Every Man, Really Lives.” – William Wallace - To really lives means to live your life to the fullest. It means to chase your dreams, take risks, and to love life. Since everyone’s fate is the same, why not live the best life that you possibly can? In order to really live,you must seize the day. Live each day as if it's your last and overall just do it! Today is a gift, that’s why it’s called the present...

12 August 2015, 10:40 AM	#5
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	In my opinion it is enough when my wife says it is enough __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

12 August 2015, 10:40 AM	#6
Oyster99 "TRF" Member Join Date: Jan 2015 Real Name: Kris Location: Holland Watch: me go Posts: 730	Its really divers here because there are people who have to save a loooonggg time for the same watch another forum member can almost buy every day. So its all relative. And since watches are a hobby i can only see myself buy more than one after financial freedom and stability is achieved. __________________ Instagram watchpage: k99app, feel free to follow me ;) 17014 - oysterquartz Corniche Mistral40 Regards.

12 August 2015, 10:41 AM	#7
Desibaba "TRF" Member Join Date: Jul 2014 Location: Ft Lauderdale, Fl Watch: Sub,Pam90,SA2 Posts: 595	Lol im lucky I dont have a wife, kids or a fat mortgage payment to worry about. My watch and car are my two "Toys" lol.

12 August 2015, 10:44 AM	#10
brandrea 2024 SubLV41 Pledge Member Join Date: Jul 2013 Real Name: Brian (TBone) Location: canada Watch: es make me smile Posts: 78,097	Its a luxury item, so I would assume that most here would spend disposable dollars at their own discretion. A months salary to some might be a years salary to others.

12 August 2015, 10:44 AM	#11
lsettle "TRF" Member Join Date: Dec 2007 Real Name: Lawrence Location: Canada Watch: 16570/14060/3570.5 Posts: 653	I have spent a months pay on a watch twice now. I saved and paid cash, that is the trick. Cheers, Lawrence __________________ Lawrence Canada

12 August 2015, 10:44 AM	#12
mjclark32 "TRF" Member Join Date: Mar 2010 Real Name: MJC Location: PHL USA Watch: IWC, Rolex, AP Posts: 29,232	Would I? Yes. Would my wife let me? No __________________

12 August 2015, 10:48 AM	#14
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,312	I would say a rule of thumb would be no more then 10-15% of your savings.

12 August 2015, 10:49 AM	#15
Muzz "TRF" Member Join Date: Mar 2014 Real Name: Steve Location: TO CAD, HCMC VN Watch: MP 18946 Posts: 7,292	If I have extra cash floating around it is not a big deal however I seldom break it down into months/income/savings. In fact savings is not my forte. My Wife, does not care about watches coming or going (as long as they are not hers lol) She is set on her collection and does not want anything watch related anymore.

12 August 2015, 10:50 AM	#16
Headshrinker "TRF" Member Join Date: Mar 2012 Location: NJ Watch: Day-Date Posts: 4,056	I'm older and have saved well. I guess I could buy just about any watch out there, but have found my niche with Rolex. Even if I was a billionaire I could not justify wearing a watch worth several hundred thousand dollars to myself. I guess it is all relevant, as many consider a Rolex as excessive or overly extravagant.

12 August 2015, 10:51 AM	#17
THC 2024 SubLV41 Pledge Member Join Date: Jun 2013 Real Name: Tom Location: Mandeville La Watch: 126333 Posts: 10,666	Life is short, if you are meeting all your obligations, no matter what they are, and you have the means to buy a luxury watch... Then do so... In a hundred years will anyone care?

12 August 2015, 10:53 AM	#18
simongpaez "TRF" Member Join Date: Nov 2011 Real Name: Simon Location: Houston Watch: Some Posts: 1,109	I have a wife and 4 kids, so every cent counts, I love watches and I am fortunate to have some of the watches I always wanted to have but everytime I want to buy a new one I have to think it a lot and it has to be worth a lot , not in terms of $ but in terms that I really love it and want it.

12 August 2015, 10:57 AM	#20
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,312	.

12 August 2015, 10:59 AM	#21
chickennho "TRF" Member Join Date: Mar 2015 Real Name: Khanh Location: Somewhere Watch: All gone Posts: 133	i saved up 3 years and got my Hulk and 233

12 August 2015, 11:09 AM	#23
treblarefils "TRF" Member Join Date: Feb 2015 Location: ILLST8 Posts: 209	Its just money you can wear. Most Rolex models at least are very easy to unload if necessary. Although I would never advise someone to have all their eggs in one basket if you know what I mean.

12 August 2015, 11:09 AM	#24
judson "TRF" Member Join Date: Sep 2011 Location: USA Watch: changes depending Posts: 800	I work 8 Saturdays a year to pay for my watches. Some years that is enough to purchase a new Rolex, some times I have to skip a year or two. Depends upon the watch that I have my sights set on.

12 August 2015, 11:12 AM	#25
AS1 "TRF" Member Join Date: Mar 2014 Location: NYC / Milan Watch: 6263 Posts: 3,938	one year's income on a watch sounds like complete insanity to me but each to their own

12 August 2015, 11:16 AM	#26
abovedeck "TRF" Member Join Date: Apr 2015 Location: all around... Posts: 309	I think it's all relative. If you rent your home and don't have a lot of spare money laying around, have no retirement fund set up and really don't have a "future" but you spend even $5k on a watch with money that you saved for months or years, I think your priorities are very out of line. On the other hand, if you own a home, have stocks/annuities/etc for the future, have a job where you are only moving up, then who cares as long as it doesn't drain you to buy the piece. I live part time in Los Angeles. I see kids driving $100k Porsches and then parking them in the driveway of their apartment that they share with 5 other friends. Or guys that work in retail but manage to spend $700/month on their BMW lease. It's crazy IMO.

12 August 2015, 11:23 AM	#27
77T 2024 SubLV41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,016	Would you spend one month's income on a watch? How about a years? There are so many possible answers that I don't think that I have a great way to answer. But my starting point was a huge bonus for turning around a division of a 3 initialed global network provider...that enabled the first Rolex. Since then it's been flipping for minor gains - and yes some setbacks. By putting the gains to work I have been able to wear dozens of others while I wanted to. So I believe anyone who can get their first Rolex, and has a desire to wear as many as they'd like, can do the same thing. Therefore one doesn't have to spend a month's income or more per watch. But my method wasn't to build a large collection. Never had more than 4 at any one time. Sent from my iPhone using Tapatalk __________________ Does anyone really know what time it is?

12 August 2015, 11:36 AM	#28
Roll the Lex "TRF" Member Join Date: May 2013 Location: Midwest Posts: 1,842	Years? No way. I might be crazy about watches but watches are not the be all, end all. But I am crazy enough to take a look at flipping both mine for a Smurf or something along those lines

12 August 2015, 11:37 AM	#29
robbonds "TRF" Member Join Date: Sep 2007 Location: Florida Watch: ROO Posts: 1,040	Rediculous question. People spend money on all different things. I know millionaires driving Hondas. There is no rule or right answer. Just be responsible and pay your bills! __________________ 41mm SS ROC blue dial

12 August 2015, 11:45 AM	#30
GradyPhilpott 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: Seiko #SRK050 Posts: 34,460	I've never made any pretense toward being rich and yes, I have several watches that cost a month's pay and more, way more. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

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