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AGKNYC · 11 May 2014, 12:42 PM

Hello All,

Sorry for asking this silly question, but I would really like to hear your opinions.

Has anyone worked out a formula as to how much you should spend on a watch? I am sure you have to consider salary, job security, expenses, savings, when was the last time you bought one and when will be next time I plan to buy one, and ultimately how much you love the watch you are considering...right?

I have been gifted my first 2 watches, and I am finally financially ready to buy my first...but with the wife, mortgage, and baby...I feel bad spending even 1% of my net worth on one.

Someone please help me out with any advice or formula's you've worked out, thanks in advance.

dbluevette · 11 May 2014, 02:48 PM

I believe the formula for a married man with child and mortgage is something like this...

Amount of watch = SQRoot (what wife says * what wife says) / 1

Lion · 11 May 2014, 03:00 PM

Any position taken should first be discussed with your Lady(Wife)...as she is your partner. Oh...and there is no pattern or formula to follow it either is or isn't......

vman · 11 May 2014, 03:05 PM

Depends on the number of things, but in general if you have to ask, you may want to wait a bit.

1% on a watch is nothing when you compared how much $ you lose when you drive a brand new car off a dealer's lot or the costs associated with raising a child. The thing you have to remember that it is just money. Live a little. Live responsibly.

Laszlo · 11 May 2014, 03:53 PM

I made sure that all my other obligations were free and clear before I even decided to buy fancy watches. As Buffet says, invest what you're willing to lose. Whatever that number is, is what your budget should be for a nice watch.

The Libertine · 11 May 2014, 08:23 PM

Quote:

Originally Posted by Laszlo

I made sure that all my other obligations were free and clear before I even decided to buy fancy watches. As Buffet says, invest what you're willing to lose. Whatever that number is, is what your budget should be for a nice watch.

I agree.

Presa canary · 11 May 2014, 04:09 PM

Welcome! I think your budget should be right around $17,655. Lots of interesting pieces to choose from.

Runnin' Rebel · 11 May 2014, 04:20 PM

I Seriously would feel bad buying a watch of any value if I didn't have at least at 7 months of house payments under my mattress and not have started an account for my child.

Sorry, I'm such a buzz kill

Sent -3 or -7

zama · 11 May 2014, 07:55 PM

If you are financially ready then you know what you have, just don't spend more than that and try and buy something that will hold its value and be easy to sell. A sub is always a good start, a second hand one can be just as enjoyable as a new one.

Britexpat76 · 11 May 2014, 10:07 PM

This is one of the most puzzling threads ever, and there are some strange ones.

If you have money in the bank and do not need anything else buy a watch.

Do you have a formula for what you spend on groceries/clothes/eating out/beer............

1William · 11 May 2014, 10:11 PM

Like many thing in our lives, cars, hobbies or other non essentials , we can either justify or not based on what we want to do. I would look at your income, savings and outgoing and see where you are. Also, what is it you want to purchase. Big difference between a plat. Daytona and a SS one. You will figure it out. Keep the wife informed, don't overthink it and buy right so if it does not work you can sell and break even or not lose much. Enjoy the process.

Rusty888 · 11 May 2014, 11:04 PM

My view has always been. Weigh it up. If you have to think you can't afford. I looked at my old man and he worked 13 hour days 6 days a week to make himself very wealthy. He never spent it and he regrets it now.

Sometimes you need to live in the moment. If looking at that watch you put on makes you smile. Can you put a price on that everyday?

Be sensible but don't go over.

I'd like to think if your bit asset rich and still creating wealth 10% of your income for the year. If your asset rich then it all depends.

AGKNYC · 12 May 2014, 12:26 AM

thank you all for your replies! as you can tell, I am new to this forum (even though I have spent a lot of time on other car forums). you all are
very stand up gentlemen. again, thank you

the wife says get whatever you want. she knows I work hard and have saved up a lot. we have over 200 months of mortgage under the Matress and I promised her that if I buy this watch, I won't buy another one for the next 10
years.

just in case you all are wondering what it is...

WhatTheDeuce · 12 May 2014, 01:47 AM

Quote:

Originally Posted by AGKNYC

thank you all for your replies! as you can tell, I am new to this forum (even though I have spent a lot of time on other car forums). you all are

very stand up gentlemen. again, thank you

the wife says get whatever you want. she knows I work hard and have saved up a lot. we have over 200 months of mortgage under the Matress and I promised her that if I buy this watch, I won't buy another one for the next 10

years.

just in case you all are wondering what it is...

200 months? I don't think you need a formula.

Sent from my iPad using Tapatalk

Runnin' Rebel · 12 May 2014, 03:04 AM

Quote:

Originally Posted by AGKNYC

thank you all for your replies! as you can tell, I am new to this forum (even though I have spent a lot of time on other car forums). you all are
very stand up gentlemen. again, thank you

the wife says get whatever you want. she knows I work hard and have saved up a lot. we have over 200 months of mortgage under the Matress and I promised her that if I buy this watch, I won't buy another one for the next 10
years.

just in case you all are wondering what it is...

Holy moly !! Your a good man if you got all that figured out. But, don't kid yourself, you'll be looking 6 months after you get this one

SearChart · 12 May 2014, 12:47 AM

I think that would be an excellent choice!

HL65 · 12 May 2014, 01:59 AM

Welcome and congrats in advance on a great new watch! I came close to getting same one myself but opted for recently discontinued RGRC. Look forward to seeing the incoming thread and wrist shot...Cheers,

GB-man · 12 May 2014, 02:37 AM

Now that is a stunner. Be sure to post plenty of pics when you decide. Sounds like you can afford it, and if you just needed a little enabling...well you came to the right place.

locutus49 · 12 May 2014, 02:56 AM

I would get the watch, but also think about paying down your mortgage. Sounds like you are doing well.

Thatguy · 12 May 2014, 04:48 AM

As long as all other obligations are met your budget should be whatever it it is the watch you want costs. I believe for most people it then involves some some saving up at that point. Also, if you promise not to buy another for 10 years you will be renegotiating sooner rather than later.

Sent from my iPhone using Tapatalk

AGKNYC · 12 May 2014, 08:52 AM

Here it is again...

it it worth $36,000 (my cost)?

AGKNYC · 12 May 2014, 08:54 AM

Quote:

Originally Posted by AGKNYC

Here it is again...

it it worth $36,000 (my cost)?

sorry forgot pic

yyzpam · 12 May 2014, 03:13 PM

Quote:

Originally Posted by AGKNYC

Here it is again...

it it worth $36,000 (my cost)?

Boy did you come to the wrong place to ask that question

Boothroyd · 12 May 2014, 09:00 AM

I think only you can answer that question. "Value" is perceived differently by each of us. Since you plan to keep it for an extended period of time, and not flip, you are really the one determining the day-to-day value of any model you select.

Beautiful choice, that said!

s14roller · 12 May 2014, 09:36 AM

Mistake to promise you won't buy another AP in 10 yrs! Started with 1 AP, I think I have since gone through half dozen!

Hairdude1 · 12 May 2014, 11:44 AM

Quote:

Originally Posted by s14roller

Mistake to promise you won't buy another AP in 10 yrs! Started with 1 AP, I think I have since gone through half dozen!

The truth!

el1125 · 12 May 2014, 12:33 PM

Great choice. Very nice. Enjoy

BarkMaster · 12 May 2014, 10:04 AM

Assuming most of your net worth is not consisting of equity in your primary residence and you are paying cash, why not?

Think of it as diversifying your investments.

How's that for enabling??

El118 · 12 May 2014, 04:01 PM

The 10 years promise is premature. I bet ur mind would start to wander six mths down the road once u started the holorogy journey!

Ots · 12 May 2014, 04:49 PM

My rule for spending of luxury item is 10% of your extra money.
Extra means net excess cash after all expenses for the year. Sounds tough to follow but very worth it
IMHO

Congrats and yes, you are in the wrong forum dude

Great choice!

11 May 2014, 12:42 PM	#1
AGKNYC "TRF" Member Join Date: May 2014 Real Name: Andrew Location: NYC, SF, MIA Posts: 33	What should my budget be for next watch Hello All, Sorry for asking this silly question, but I would really like to hear your opinions. Has anyone worked out a formula as to how much you should spend on a watch? I am sure you have to consider salary, job security, expenses, savings, when was the last time you bought one and when will be next time I plan to buy one, and ultimately how much you love the watch you are considering...right? I have been gifted my first 2 watches, and I am finally financially ready to buy my first...but with the wife, mortgage, and baby...I feel bad spending even 1% of my net worth on one. Someone please help me out with any advice or formula's you've worked out, thanks in advance.

11 May 2014, 03:00 PM	#3
Lion "TRF" Member Join Date: Jan 2009 Real Name: Leo Location: Midwest Watch: GMT-II 16710 PEPSI Posts: 21,461	Any position taken should first be discussed with your Lady(Wife)...as she is your partner. Oh...and there is no pattern or formula to follow it either is or isn't...... __________________ SS GMT-II 16710 PEPSI(Z-serial#) THE ONLY DIFFERENCE BETWEEN MEN AND BOYS IS THE PRICE OF THE TOYS!!! MontBlanc Meisterstuck Doue Silver Barley MontBlanc Meisterstuck Solitaire Doue Signum Proud Card Carrying Member of the Curmudgeons.....Yikes!!!

11 May 2014, 03:53 PM	#5
Laszlo 2025 Pledge Member Join Date: Nov 2007 Location: San Francisco, CA Watch: Date & No Date Posts: 10,866	I made sure that all my other obligations were free and clear before I even decided to buy fancy watches. As Buffet says, invest what you're willing to lose. Whatever that number is, is what your budget should be for a nice watch. __________________ "You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca

11 May 2014, 04:20 PM	#8
Runnin' Rebel "TRF" Member Join Date: Jan 2010 Real Name: Mark Location: 🤔 Posts: 8,424	I Seriously would feel bad buying a watch of any value if I didn't have at least at 7 months of house payments under my mattress and not have started an account for my child. Sorry, I'm such a buzz kill Sent -3 or -7 __________________ ♛

11 May 2014, 07:55 PM	#9
zama "TRF" Member Join Date: Feb 2012 Real Name: Craig Location: Sydney Watch: 4 Broken glass Posts: 5,809	If you are financially ready then you know what you have, just don't spend more than that and try and buy something that will hold its value and be easy to sell. A sub is always a good start, a second hand one can be just as enjoyable as a new one. __________________ Day Date 118206, Daytona 116509 & 116505, AP 25859ST Gone but not forgotten and genuinely missed..... Root Beer GMT, Sub, TT Daytona, YG DD Bark, Datejust(2 his & hers), AP RO, PP Aquanaut, Lange 1, Heuer Monza, Piaget Altiplano, GP Chrono, Seamaster, Tudor Sub, Tudor Chrono, Tudor Black Bay Bronze

11 May 2014, 02:48 PM	#2
dbluevette "TRF" Member Join Date: Jan 2014 Location: TEXAS Posts: 302	I believe the formula for a married man with child and mortgage is something like this... Amount of watch = SQRoot (what wife says * what wife says) / 1

11 May 2014, 03:05 PM	#4
vman 2024 Pledge Member Join Date: Dec 2007 Real Name: Capt Swerve Location: North Carolina Watch: less TV Posts: 2,230	Depends on the number of things, but in general if you have to ask, you may want to wait a bit. 1% on a watch is nothing when you compared how much $ you lose when you drive a brand new car off a dealer's lot or the costs associated with raising a child. The thing you have to remember that it is just money. Live a little. Live responsibly.

11 May 2014, 04:09 PM	#7
Presa canary "TRF" Member Join Date: Dec 2012 Real Name: Justin Location: Pa Watch: Explorer ii Posts: 3,155	Welcome! I think your budget should be right around $17,655. Lots of interesting pieces to choose from.

11 May 2014, 10:07 PM	#10
Britexpat76 "TRF" Member Join Date: Feb 2014 Real Name: James Location: Middle East Watch: AP ROO,GP FTC, YM Posts: 892	This is one of the most puzzling threads ever, and there are some strange ones. If you have money in the bank and do not need anything else buy a watch. Do you have a formula for what you spend on groceries/clothes/eating out/beer............

11 May 2014, 10:11 PM	#11
1William 2025 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 48,588	Like many thing in our lives, cars, hobbies or other non essentials , we can either justify or not based on what we want to do. I would look at your income, savings and outgoing and see where you are. Also, what is it you want to purchase. Big difference between a plat. Daytona and a SS one. You will figure it out. Keep the wife informed, don't overthink it and buy right so if it does not work you can sell and break even or not lose much. Enjoy the process.

11 May 2014, 11:04 PM	#12
Rusty888 "TRF" Member Join Date: Apr 2014 Real Name: Shaun Location: Australia Watch: GMT IIc BLNR Posts: 363	My view has always been. Weigh it up. If you have to think you can't afford. I looked at my old man and he worked 13 hour days 6 days a week to make himself very wealthy. He never spent it and he regrets it now. Sometimes you need to live in the moment. If looking at that watch you put on makes you smile. Can you put a price on that everyday? Be sensible but don't go over. I'd like to think if your bit asset rich and still creating wealth 10% of your income for the year. If your asset rich then it all depends.

12 May 2014, 12:26 AM	#13
AGKNYC "TRF" Member Join Date: May 2014 Real Name: Andrew Location: NYC, SF, MIA Posts: 33	thank you all for your replies! as you can tell, I am new to this forum (even though I have spent a lot of time on other car forums). you all are very stand up gentlemen. again, thank you the wife says get whatever you want. she knows I work hard and have saved up a lot. we have over 200 months of mortgage under the Matress and I promised her that if I buy this watch, I won't buy another one for the next 10 years. just in case you all are wondering what it is... Attached Images

12 May 2014, 01:59 AM	#17
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,225	Welcome and congrats in advance on a great new watch! I came close to getting same one myself but opted for recently discontinued RGRC. Look forward to seeing the incoming thread and wrist shot...Cheers, __________________ *SPEM SUCCESSUS ALIT*

12 May 2014, 02:37 AM	#18
GB-man 2025 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,621	Now that is a stunner. Be sure to post plenty of pics when you decide. Sounds like you can afford it, and if you just needed a little enabling...well you came to the right place.

12 May 2014, 02:56 AM	#19
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,193	I would get the watch, but also think about paying down your mortgage. Sounds like you are doing well.

12 May 2014, 04:48 AM	#20
Thatguy "TRF" Member Join Date: Oct 2012 Real Name: Wayne Location: California Watch: Rolex, PAM Posts: 3,303	As long as all other obligations are met your budget should be whatever it it is the watch you want costs. I believe for most people it then involves some some saving up at that point. Also, if you promise not to buy another for 10 years you will be renegotiating sooner rather than later. Sent from my iPhone using Tapatalk

12 May 2014, 08:52 AM	#21
AGKNYC "TRF" Member Join Date: May 2014 Real Name: Andrew Location: NYC, SF, MIA Posts: 33	Here it is again... it it worth $36,000 (my cost)?

12 May 2014, 09:00 AM	#24
Boothroyd 2025 Pledge Member Join Date: May 2011 Real Name: Daniel Location: Minneapolis, MN Watch: Wilsdorf(s) Posts: 10,289	I think only you can answer that question. "Value" is perceived differently by each of us. Since you plan to keep it for an extended period of time, and not flip, you are really the one determining the day-to-day value of any model you select. Beautiful choice, that said! __________________ Explorer 214270 MK I/Datejust II Black 116300/Tudor Heritage Black Bay Black 79220N

12 May 2014, 09:36 AM	#25
s14roller "TRF" Member Join Date: Jul 2011 Location: US Posts: 3,258	Mistake to promise you won't buy another AP in 10 yrs! Started with 1 AP, I think I have since gone through half dozen!

12 May 2014, 12:33 PM	#27
el1125 Banned Join Date: Apr 2013 Location: USA Posts: 3,578	Great choice. Very nice. Enjoy

12 May 2014, 10:04 AM	#28
BarkMaster "TRF" Member Join Date: Jul 2009 Location: Texas Watch: 18078 YG DD Posts: 7,962	Assuming most of your net worth is not consisting of equity in your primary residence and you are paying cash, why not? Think of it as diversifying your investments. How's that for enabling?? __________________ BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK

12 May 2014, 04:01 PM	#29
El118 "TRF" Member Join Date: Sep 2013 Location: Malaysia Posts: 91	The 10 years promise is premature. I bet ur mind would start to wander six mths down the road once u started the holorogy journey! __________________ A Lange & Sohne Langematik Perpetual / Audemars Piguet ROO Rubberclad Black dial / Audemars Piguet Royal Oak 15300 / Vacheron Constantin Malte Grand Classiq / Rolex Datejust / JLC Reverso Day n Nite

12 May 2014, 04:49 PM	#30
Ots "TRF" Member Join Date: Nov 2013 Location: Manila Posts: 43	My rule for spending of luxury item is 10% of your extra money. Extra means net excess cash after all expenses for the year. Sounds tough to follow but very worth it IMHO Congrats and yes, you are in the wrong forum dude Great choice!

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