Luxury Watches

What % of net worth am I allowed to spend on a luxury watch? Got my eyes on a GS and and I’m asking for permission to splurge— pic in comments

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I find Japanese watches, especially the Grand Seiko, to be absolutely beautiful. If you want the nudge forward, buy it, you’ve got great taste.

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I think it depends on where you are with your career and stage of life. If you are young and single, splurge a bit, I think 10% is okay. And when you are more established in your career and have a family, then I think maybe somewhere between 0.5-1% is more appropriate. But it’s all subjective and everyone’s situation is different, just be prudent and not over extend.

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Love that watch. I think it depends on your other obligations. If you’re balancing student debt and have a kid or two, buying a $6K watch is probably not a great idea. But no kids, and minimal debt? Have after it. Just make sure you can pay cash and don’t have to skimp out on retirement savings

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If it holds value well enough (SS Rolex), would be comfortable dropping 10%, since I can probably fool myself and think of it as an investment, despite the low chance I will ever resell it (at least you have the option). If it does not hold value well, not even 1% - would rather spend in vacation/experiences. Happy to hear other’s thoughts!

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I think the exact same way! Great approach. Experiences over material possessions, however an exception is to be made for desirable SS Rolex watches. At the time I bought my first it was 10 percent of my net worth, now it’s close to 5 percent and it has doubled in value since I purchased it.

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My first big purchase was roughly 2.5% but I probably could have stomached anything up to 10%. If you’re pretty junior, you’ll grow into it (salary wise). My suggestion would be to just make sure you obviously have emergency funds and any purchase like this wouldn’t actually impact the quality of your life

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