ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
18 November 2019, 02:34 PM | #541 |
2024 Pledge Member
Join Date: May 2016
Real Name: Dre
Location: Canada
Posts: 1,688
|
How do you fund your Rolex
I used to work construction. The money was great but I was miserable. Prioritized happiness and turned my hobby of barbering into a profession. It’s a modest income. I also have a few real estate investments that are long term and more of a nest egg than an immediate source or cashflow.
My rule is to not purchase anything that immediately depreciates in value for more than $400. Aside for my car, which I paid outright and have no payments But that prioritizes my play money toward watches instead of fancy cars, motorcycles, shoes, clothes or other more common toys or materials you see most men buy. The wife has no problem with this because on Rolex you typically won’t lose. If I want something quick. I’ll sacrifice eating takeout / going to restaurants for a bit. I’ll look at my average food / booze spending in a month and put it into a pot instead of into my stomach for a few months lol. Sometimes my restaurant / Uber eats expenses add up to close to $600-$700 a month. By buying groceries packing a lunch and laying off the beer I usually put around $400 a month away. I always make sure to prioritize and consistently contribute to an emergency savings / retirement savings plan every month no exceptions. I learn how to tweak and experiment with different spending habits with the influx. Little changes make a big difference I also don’t have kids Sent from my iPhone using Tapatalk |
18 November 2019, 03:10 PM | #542 |
"TRF" Member
Join Date: Apr 2011
Location: EU
Watch: the days go by
Posts: 604
|
|
18 November 2019, 04:25 PM | #543 | |
Banned
Join Date: Mar 2018
Location: New Zealand
Watch: 114060
Posts: 2,630
|
Quote:
How do you save? Don't have a mortgage and don't have a car loan. Only buy things you can afford with the money in your pocket. Limit luxury travel to a few times a year. It is not rocket science. |
|
18 November 2019, 04:33 PM | #544 |
"TRF" Member
Join Date: Jan 2018
Location: Middle East
Posts: 1,807
|
Whilst this perhaps should be the case, reality is a long way from this I’m afraid. With cheap debt and credit never before being as readily available as it is now, I think we’re seeing a huge rise in the number of ‘average’ earners treating themselves to a very expensive watch.
We are in very different times now where consumerism rules and people will not wait to save up for something. |
18 November 2019, 09:38 PM | #545 |
"TRF" Member
Join Date: Dec 2018
Real Name: Frank
Location: Dallas,NY,Colo.
Watch: Patek 5168, 5170P
Posts: 2,364
|
Purchased from savings. I suggest not purchasing things that are non essential, and shouldn’t be viewed as investments (watches are not in my view), until later when the savings and investments make pleasure items easier to justify.
|
19 November 2019, 06:16 AM | #546 |
"TRF" Member
Join Date: Dec 2007
Location: Northumberland,UK
Watch: 1675 GMT
Posts: 640
|
Thanks, Tim . . . . .
|
19 November 2019, 06:22 AM | #547 |
"TRF" Member
Join Date: Sep 2019
Location: USA
Posts: 157
|
-Single
-Make > $125k/year -Given 2 Retention Bonuses in the last 2 years, plus annual bonus and raises -Zero debt, 800 credit rating -Pay $1,200/rent in the NYC area (roommates in ideal adult living situation. Huge apt, everyone has own living space, etc)....monthly nut in general is around $2k all in -No car, no mortgage, no wife, no kids, no commuting costs in general (walk to work) = 114060 ND Sub as a 43rd birthday gift to myself. Happy Birthday to me! |
19 November 2019, 07:07 AM | #548 |
"TRF" Member
Join Date: Apr 2019
Location: Philly.
Watch: Air King, Omega AT
Posts: 2,143
|
Worked for 35 years and retired. Got my lump sum and had a little cash put away. I have no mortgage, kids are grown, no wife (18 years) a couple payments to pay off car and I get a pension check monthly. Took me a long time to get my Rolex but I did it without putting myself in debt. Life is good...
__________________
Air King 116900 Omega AT41 Gray Dial/Leather Oris Pointer Date Roberto Clemente LE |
19 November 2019, 07:11 AM | #549 |
Banned
Join Date: Sep 2017
Real Name: Paul
Location: Southern Virginia
Watch: ROLEX
Posts: 2,544
|
My consulting job at Barone Sanitation pays my bills, my strip club provides me with my Rolex money
|
19 November 2019, 07:38 AM | #550 |
"TRF" Member
Join Date: Oct 2019
Location: United Kingdom
Posts: 338
|
I fund my watch purchases from what surplus cash I have after paying household bills.
I have two grown up kids and a very manageable mortgage so thankfully left over money each month isn’t insignificant. |
19 November 2019, 07:50 AM | #551 |
"TRF" Member
Join Date: Nov 2019
Location: Tulsa, Oklahoma
Posts: 30
|
Cash.
|
19 November 2019, 07:58 AM | #552 | |
"TRF" Member
Join Date: Oct 2016
Location: USA
Posts: 84
|
Quote:
|
|
19 November 2019, 08:02 AM | #553 |
"TRF" Member
Join Date: Nov 2013
Location: Atlanta
Posts: 61
|
No car, house, or children to fund. All paid for. My spending is for great shoes, travel, and watches. Sometimes a fountain pen. All cash purchases. I don’t buy it if I can’t pay for it immediately. Looking for my seventh Rolex. Last one was the new Explorer. Splendid watch.
And, I do realize how lucky I am. It wasn’t always this way! |
19 November 2019, 08:09 AM | #554 |
"TRF" Member
Join Date: Jul 2017
Location: USA
Watch: Neo-Vintage
Posts: 1,144
|
I just assumed everyone pays for their Rolex with equity built on their previous Rolex investments?
|
19 November 2019, 08:33 AM | #555 |
"TRF" Member
Join Date: Jun 2017
Location: Odorious Onion
Watch: yes, it's hipster
Posts: 1,567
|
Side projects and supplementary income, which range from tutoring mathematics to flipping guitar amplifiers to arranging shipping logistics for my friends to avoid Rolex sales tax. All that adds up.
Partially. I scored an amazing deal on a 16710 GMT, full-set, that no one here would believe. Sold it to a dealer for cheap, but that $$$ really helped.
__________________
Here come dat boi Jerry |
19 November 2019, 08:48 AM | #556 |
"TRF" Member
Join Date: Dec 2016
Location: Las Vegas NV
Watch: 14060M COSC
Posts: 1,329
|
Cash
Sent from my iPhone using Tapatalk Pro |
19 November 2019, 11:37 AM | #557 |
"TRF" Member
Join Date: Sep 2014
Real Name: Dan
Location: Palo Alto, CA
Watch: Sub LV
Posts: 678
|
Got my first Rolex when my uncle left me a $100K inheritance -- and even then I bought a used one because I couldn't bring myself to pay $8K for a watch. Then the bug bit me, and I got the second watch when my stock vested at my company -- got it new at an AD because I really wanted to see my name on the warranty card, lol.
Now I'm about to buy a more expensive Rolex for my wife from my AD, and I'm able to do it because fortunately the company I work for has done well and stock price is way up. But 5 or 10 years ago -- no way would I even have considered a Rolex. I had to grit my teeth to just buy a $200 Citizen watch, my most expensive watch ever (at that point)!!! There are seasons in life -- your Rolex season will come one day, don't rush it if it's not your time yet! And not even a Rolex is worth going over one's head in debt. -Dan
__________________
Watches: GMT-II Coke series K; DJ36 SS white-dial & Roulette date; 126610LV Starbucks Wife's watch: DJ31 RG/SS, diamond dial, diamond bezel -- "Wear the watch, don't let the watch wear you!" |
19 November 2019, 11:54 AM | #558 |
2024 Pledge Member
Join Date: May 2015
Real Name: Mike
Location: Pacific Northwest
Watch: 116610LV 16710 SD
Posts: 10,649
|
Work hard I have NEVER financed a watch. Trade up with cash yes it is an expensive hobby.
|
19 November 2019, 12:08 PM | #559 |
"TRF" Member
Join Date: Nov 2014
Location: U.S
Watch: Submariner 116610
Posts: 645
|
Worked hard.....raised kids....paid for college...weddings etc. all done so I decided it was time for me. I have friends who think nothing of dropping $$$ on boats or sports cars. Me I always lusted for a Rolex. Now I’m in my 50’s and glad I waited to purchase my 116610 Sub. It means a lot to me.
|
19 November 2019, 12:09 PM | #560 |
"TRF" Member
Join Date: Dec 2012
Location: san francisco
Watch: 2020 sky dweller
Posts: 117
|
I work on Porsche for a living. I average 11 hour days. Work hard play hard
|
19 November 2019, 12:19 PM | #561 |
"TRF" Member
Join Date: Oct 2019
Real Name: Neal
Location: Point Loma
Watch: ing the river flow
Posts: 2,814
|
food stamps
|
19 November 2019, 12:26 PM | #562 |
"TRF" Member
Join Date: Aug 2019
Location: CA
Watch: Rolex/Omega
Posts: 32
|
Like some of you, my job is boring and would literally end some conversations within moments of disclosure. But, it does pay well enough to afford some of the nicer things in life every now and then, so I won't complain.
I find that budgeting and making prudent financial decisions are just as important, if not more, than a stable and rising income alone. Having little to no debt, (lack of) children, and cheap rent or mortgage will certainly determine how much you get to play with at the end of each month. As long as I don't let too many vices lead me off the better path, I should be able to comfortably afford a new Rolex every two or three years. But actually getting the ones I want at an AD? That's a completely different issue! |
19 November 2019, 12:37 PM | #563 | |
"TRF" Member
Join Date: Feb 2012
Location: dallas
Posts: 15
|
Quote:
We all save in our own ways. I wouldn’t have more than one watch if I did not have independent wealth while also having the home and vehicles I want with financial stability. |
|
19 November 2019, 02:28 PM | #564 |
"TRF" Member
Join Date: Jan 2019
Location: Canadaland
Watch: Chnr, hulk, sub d
Posts: 135
|
Wow there’s a lot of hardworking average single people on here with no kids and no properties, not what I expected !
Good stuff ! |
20 November 2019, 02:40 AM | #565 | |
2024 Pledge Member
Join Date: Jan 2018
Location: USA
Watch: Sky-Dweller
Posts: 2,418
|
Quote:
__________________
Current Rotation: Explorer II 226570 White, Sinn 30.06, Sky-Dweller 326934 Blue, Deepsea Challenge 126067, Tudor FXD Red Bull Chrono Wife's Rotation: GMT-Master II 126710BLNR Jubilee, Moser Heritage Dual Time, Swatch MoMa, Cartier De Santos Official Member "WIS-CON" Las Vegas International GTG 2019 |
|
20 November 2019, 04:11 AM | #566 |
"TRF" Member
Join Date: Sep 2017
Location: Miami, FL
Watch: Tudor & Cartier
Posts: 2,497
|
I'm a gigolo. Part-time though, it's a demanding job.
__________________
"Chi ha paura muore ogni giorno, chi non ha paura muore una volta sola" - Paolo Borsellino |
20 November 2019, 04:44 AM | #567 |
"TRF" Member
Join Date: Aug 2019
Real Name: Martin
Location: England
Watch: 124060 Submariner
Posts: 2,871
|
Couldn't afford expensive watches when I was younger as mortgage, car loan, kids, putting food on the table, etc. etc., all came before any luxury purchases.
How semi retired, mortgage paid off kids out earning and not needing my funding, there is some cash available to fund my enthusiasm for watches, so all purchases come from savings.
__________________
Martin Small Rolex, Omega, Seiko and Oris Collection |
20 November 2019, 07:22 AM | #568 |
2024 Pledge Member
Join Date: Nov 2018
Real Name: Danny
Location: Mansfield , Texas
Watch: All of them
Posts: 2,380
|
Exotic dancing. Haven’t bought a new watch in awhile haha
|
20 November 2019, 07:24 AM | #569 |
Banned
Join Date: Sep 2017
Real Name: Paul
Location: Southern Virginia
Watch: ROLEX
Posts: 2,544
|
|
20 November 2019, 07:52 AM | #570 |
"TRF" Member
Join Date: Oct 2019
Real Name: Andrew
Location: Jupiter,FL
Watch: Sub 41 Date, Panda
Posts: 478
|
I am with the guy above who sold his kidney as well for the BLNR-
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
Display Modes | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.