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Visual Storyteller
I view it more as a ratio to my wealth than income.
I’m a heavy collector - my watches, if liquidated, are about 10% to 15% of my net wealth.
I think most people closer to 5% or less.
D1 is spot on, after a certain point it's just money. I have a few friends where at least 15% is tied up in sports or collector cars, so it's all about your passion. Some buy art, some buy cars, some buy nothing at all.
I think of it as if I light that money in fire, can I still afford everything else I want - vacations, home renovations, savings, etc.
Rising Star
I don’t think, I just buy 🤣
I think it’s very subjective. I know a SC who’s bot over 25K worth of Lux watches, n also someone who’s worth 8digits yet buys Daniel Wellingtons.
Haha thinking isn’t involved
Just be wise and smart about it. I was averaging a watch purchase once a year for about 5-7 years