Hi here, for the context I've fallen into watches about 2 years ago thanks (or not) to a friend of mine. I currently have "low-end" watches for the most part (quartz, solar quartz, mechanical, automatic), which I do like to wear. However I'm thinking about investing in another piece. I have several options in mind but the price would be almost as high as my whole set put together. Money is not the problem here as I won't be in the red after this purchase, but rather the purchase itself.
I'm in this sub since a few week only, and I often see great collections full of Omega, Oris, Rolex, GS and so on that makes me feel, if not poor, at least cautious.
So, here come the questions I'm wondering:
- How do you guys convince yourself that it's a good idea to put 1k€+ in a watch?
- Financially speaking, do you have a thumb rule (according to your net monthly income for example) about what cost seems reasonable when you fall for your new watch?
Feel free to share your watch journey :)
My rule is 10%
You have 10% of your annual net income to throw at shit and giggles. Can’t go broke over it, always have a significant portion of your income left for unexpected stuff. Makes it also really easy to decide if you can afford a watch or not. Want to buy a 10k watch better make 100k a year after taxes otherwise it’s just a poor financial decision.
What you do with the money is up to you. Games, cars, watches. It doesn’t matter but remember to not go over the budget