I have gone as high as 100%, granted at my income level it's nothing noteworthy. Whatever you're comfortable with, it's different for everyone, there's no right answer.

 

That depends on your monthly spending on bills and necessities in comparison to your income, before even getting into play money, I would think. Or are we talking about other people's perception of what you should be wearing based on your income?

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Spending decisions should never be based on income alone...


SoOoO many watches SoOoO little time...

 

minimum three months, preferably six months

 

I made a topic about this a few weeks ago.
I thought some good input from other posters was to look at it from net worth rather than annual salary.
So a retiree with real estate and a lot of investments could have that VC and PP and not look stupid.

 

My opinion-- it isn't what you make, it's about how much disposable money is left after your expenses.

 

Far north of 100k could be anywhere from 300k to 1 million, so I'm not sure if that info offer much in terms of Intel.

I try to not have more than 5% of my networth tied up in toys, whether its cars, motorcycles, sim racing equipment, watches or whatever. Feels a little silly to have so much money tied up in non investable asset otherwise.

 

I do what feels right based on my own situation, not based on some arbitrary proportion of my assets and or salary. If you have your finances in order, it shouldn't be difficult to know what you can spend. Of course something like the spouse factor, as applicable,, is hard to predict from the outside.

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There isn't a golden rule as so many other things factor in. Lets say two different individuals. Dude 1 makes 60K a year, house paid off, older car that is paid off, no kids, not married, takes a week vacation with his non-live in girlfriend once a year. Dude 2 makes $250K a year, married with 2 kids, kids are into sports, still paying on the 500K house, stay at home wife, 2 car payments a month, multiple family vacations a year, and still is paying off college loan debt.

Its easy to see Dude 1 could save up no problem and spend $10K on a watch and its no big deal. Dude 2 can only afford the fake Rolex and he had to borrow from his kids college fund for that. Obviously, my scenario is completely made up, but shows yearly salary isn't really that much of an indicator of how much what you could/should afford.

 

I am willing to spend 3 months of my disposable income to buy a watch.

 

I'd be willing to spend three months of your income too!

 

It's not just about income. Do/will you have kids you might have to send to college? Do you have anything saved for retirement? $20k invested in your 20s could be worth a few hundred grand when it's time to retire. Do you also have money for a down payment on a house if that's what you want one day? I'd think about all these things in addition to do you have money in your pocket right now.

 

I’m going to paraphrase for a second but I believe there’s a member on here that says something to the effect of “if it doesn’t hurt, it’s not worth it”

 

Yeah it all comes down to your priorities and influences in the end. Being able to buy what ever is out there and actually choosing to make that decision are two very different things… If a watch somehow determines my overall well being no thanks…

 

I make decent amount of money for my lifestyle and location, but I don't think I can ever spend over $5k on a watch.

 

Too many variables beyond simply income.

My friends with similar income history to mine vary greatly. The ones with families are all moderately similar, but single vs dual income can have a major impact. Kids vs no kids is significant. My friends with similar income history that have stayed single and without children own amazing, expensive toys, take TV worthy vacations, and could probably retire by 45-50 if they so choose. I chose family and children, so my priorities are different.

 

Too many variables beyond simply income.

My friends with similar income history to mine vary greatly. The ones with families are all moderately similar, but single vs dual income can have a major impact. Kids vs no kids is significant. My friends with similar income history that have stayed single and without children own amazing, expensive toys, take TV worthy vacations, and could probably retire by 45-50 if they so choose. I chose family and children, so my priorities are different.

I had my daughter at 50 so I have seen both sides, and I can say that the joy my daughter brings to my life far surpasses any joy I experienced prior to her. At 3, she's interested in everything including watches.
I base it less on income than what purchasing power my collection has. My watch buying is a closed circuit, meaning if I want a watch I have to sell what I have to fund it. I have rarely added outside funds. I'm at a nice 3-watch collection now, and if I wanted to make it a "one watch collection", that one watch would have to cost equal to or less that the sale of the three watches. If I did head in that direction I may see if there was room to add some outside funds to up the ante, but the fun for me has been flipping and curating what I have.

 

These threads never cease to amaze me.

 

Only on WUS


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Whatever one wants to spend that their income, debt can allow. Simple

 

without getting into exact figures my income is far north of 100k.

I've thought about my next purchase is going to be substantially more and one of my "grail" pieces. So my budget is 20k(ish).

 

Humans are way too judgemental for their own good. Who cares how much someone makes in relation to their choice in wrist jewelry? That's a rhetorical question, no need to answer.

 

Maybe one month’s salary as maximum?

 

Maybe one month's salary as maximum?

I see the reason in this idea, but it really varies based on situation. I have never spent the equivalent of a full bi-weekly paycheck on a watch, much less a month. With one starting college (or whatever they choose) soon, I would feel irresponsible spending a month's salary on a watch.

 

Based on body mass how much hot dogs should I eat.

 

WUS hotdog eating contest? I'm no Joey Chestnut, but I can devour unhealthy American foods in mass quantities

 

If you ask Riddick you keep what you kill.

 

Especially if you knee it in the face for emphasis

 

What is this grail anyway. Hopefully it's something like an A. Lange.

 

If you have to ask/ are unsure, it's too expensive.
If you think about how much it cost after you buy it, it's too much.

I will add that one should be prepared, willing, and eager to bear the reasonable consequences of spending.
If you spend a lot and need to cut back elsewhere, you should be pleased and prepared to do so.
If you can't wear your rolex outside in your neighborhood, you should be willing and eager to bear those consequences.

 

If you have to ask/ are unsure, it's too expensive.
If you think about how much it cost after you buy it, it's too much.