Opportunity cost of ownership

[TheWatchmen]

Originally Posted by Blansky

Not many here realize this but you can buy just one Rolex and not all the models available.

Blasphemy! Seriously though, I personally went down the path of several pieces and now just have one. I’m cool with that...for now =)

[envuks]

Originally Posted by Blansky

Not many here realize this but you can buy just one Rolex and not all the models available.

There are models available? Where?

[Blansky]

Originally Posted by envuks

There are models available? Where?

Sorry. Lost my head there.

Was having flashbacks.

[Jabbo84]

You only live once, so I buy what and when I want by whatever means necessary. My wife is 20 years younger and I’m certain one night she will end my frivolous purchases by placing a pillow over my face. I am enjoying what time I have left.

[neophyte88]

Originally Posted by Blansky

There has to be serious money and there has to be fun money.

My brother in law was a stingy money grubber who never bought luxuries and was always saving for retirement.

He died of stomach cancer in his early 50s.

We have to enjoy life, have a few mad moments and a few nice things and also be serious about finances.

Not many here realize this but you can buy just one Rolex and not all the models available.

Right. And I do believe & agree.
Two things to see & think about it.

One, we live only once. We worked hard, I think we deserve to enjoy a bit of luxury,.. that is if you have extra savings, why not! While alive, you have to enjoy life here on earth because you can’t bring your savings & retirement money when we’re already 6 feet under.

Two, it’s a different story when you’re ‘just’ a collector. You did it because it’s your first love & very happy to what you’re doing. It’s an investment. If you’re tight or whatever,. You can sell it anyway. Then, that way you will become a collector- seller. For me, I think “we” deserved it esp if what makes you happy.

It’s better for me to buy a nice watch over a nice car,.. because you can’t bring your car in your office, meetings, conferences & talking to clients.
But if I have so much extra money,.. I’ll wear a Rolex & a very nice car- that’s matching.
.

[FTX I]

Originally Posted by Pw92676

There is an opportunity cost for everything in life, not just watches.

Agree. Life is made of choices. If you choose wisely you win. If you make bad choices you lose. It's that simple.

[chaisson]

Originally Posted by Yobber76

You're born, you live your life, you accrue debt, you accrue some level of wealth, you pay your bills, and at some point you die. Somewhere in the midst of all that, you do need to do some things for pleasure. Measure your needs and wants, don't be crazy or stupid, work hard and enjoy the ride.

Bang on.....

[mjr24]

Originally Posted by dsouth222

I'm in my later 20s and my wife and I have also had this same discussion recently. To me, it seems silly to buy such an expensive watch if you still have a mortgage or other debts. We don't have any student loans, car payments, or credit card debt, but we've put an emphasis on paying down our mortgage. By putting together a strict budget, the house will be paid off in 1.5 years. I also understand that you should live a little bit, but I'm willing to sacrifice for a year in order to live interest free.

Meh, most people have mortgages they can comfortably pay.....$10k isn’t going to do much on a $750k house payment. I’d rather have fun with it. Now if you have a $150k house payment, that’s way different.

[denmanproject]

Originally Posted by chloebear

Financial considerations tend to prevent me from buying non-Rolexes. I know watches are not an investment, but it’s nice to know you can get most of your money back if the shit hit the fan.


Sent from my iPhone using Tapatalk

I think technically shit is hitting the fan now