More of a marriage dispute or advice: Bought my wife a new X7. “Downsized” my own car bc I’d rather have the $ to do something with or invest. So I have like $100k of “free cash” and I’d like to buy a nice watch or down payment on a rental property. Her view is this $ should go towards bills or in savings. Am I wrong to want to spend it on my ideas? Should I have just kept my luxury suv?
I know, nice problem to have, but it’s my problem that causes friction.

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If you have your emergency fund, and short term goal fund where you want I don’t see a problem with your ideas.

If you don’t have those where you need them to be, she’s right on the money.

But don’t disregard her, she’s obviously smart and you should split the difference put some away for an economic crash

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An investment in r rental property is savings. More risk and more reward, but it's not a expense and you never see the money again. Better yet with depreciation, you get income but no or little taxable income.

If you're not paying off credit cards or have other personal loans, then yes those should be paid first. If this is actually "leftover" money after expenses, yall need to agree on a family budget. And what savings and investment vehicles you are both comfortable with. Not everyone wants to be a landlord and your spouse may be one of those people.

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Definitely depends on y’all’s current situation (how much is already in savings/investments, how much time and energy you have to manage a rental property, if y’all have expensive upgrades coming up like new appliances etc.) but at the end of the day if y’all were comfortable enough to buy her a new car and you sold yours to downsize so that you have some bonus cash… what difference does it make what you spend it on if it doesn’t affect her.

Sometimes as women we tend to be a little controlling.. I find myself questioning my boyfriends financial decisions (and I know it’s different because we aren’t married) but in the end I have to understand that as long as he’s being honest and wise as far as saving and making sure bills are paid.. I can’t judge him for wanting to buy an expensive wallet or shoes or watch or anything else. I find that that controlling aspect is more fear based in we want to make sure that we’re taken care of. Support your wife and take her opinions into consideration, bring her in on the conversation. Make her feel safe about the rental property. (I must admit though, if you spend 100k on a watch I might cry… I might see her side on that a bit more lol)

Sorry for the long winded response but I feel like as a woman I’m able to come in from a different outside perspective

Really appreciate your perspective, thank you! I would probably spend $25-$30k on the watch, another $50k on rental down payment then put the rest into checking for monthly living expenses. We have a safety net in long term investments and could use that if we needed to, but generally a bit light on regular checking/savings. That’s party why I sold my SUV, I’d rather have some cash on hand and a bonus gift for me rather than drive something that literally costs and loses money err day.

Unless your HI is over $500k you shouldn’t be buying a $25K watch. A rental property is an investment, a watch isn’t. And rental properties are a PITA and difficult to cash flow at today’s interest rates. I don’t understand what people want to own actual property. Buy a REIT and let someone else deal with everything. Or if you have enough money invest in a private real estate fund that can make bigger plays.

How does the costs of her purses and shoes collection compare to the prices of your watch collection? Disclaimer: I accept no responsibility for the argument this may cause.

Skip the watch; buy a nice shotgun.

Rentals - unless you live in Texas. Property taxes make all of us rent from the state

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