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Seibei · 10 January 2020, 03:50 PM

Quote:

Originally Posted by noshake

Has anyone set a spend limit for themselves on watches? For instance, since I'm not going to purchase my Z06, Harley, Boat, etc... I can spend this amount on watches.

What? You would let watches stop you from getting your Z06, Harley and Boat? In the grand scheme of all those things a watch or two is quite insignificant. Why would you let watches stop you from getting the things you want anyway? Compared to the price of a nice boat, then the price of a Rolex or two is next to nothing.

GradyPhilpott · 10 January 2020, 03:53 PM

Quote:

Originally Posted by Chewbacca

Grady, that’s beautiful!

The polish on those lanes is immaculate!

Nice watch too!

Thank you, CJ!

That's the most well-kept and well-run house in all of New Mexico.

Nonetheless, I bowled the worst series today that I've bowled in that house in a very long time. Sometimes, it's just hard to get one's head and gluteus maximus wired together.

Ihatecheese · 10 January 2020, 05:02 PM

Jewellery (for me) appears pretty low down on my list of fun unnecessary stuff.

Token74 · 10 January 2020, 05:38 PM

Yep, several times. And continue to ignore it!!

The thing is, I used to waste money on flash cars and changed them every 6-12 months. I say I wasted money because of the rapid depreciation. When I started spending money on watches, I had to change my approach to cars as I only have so much money available for luxury purchases.

My watch collection that I’ve amassed over the last ten years, whilst arguably excessive, is worth more than I paid for it. Compare that to the chunky six figure depreciation hit I took on cars the previous ten years!!

I still drive nice cars, I just don’t change them as often and they are nice rather than flash. And as I get older, this suits me just fine.

It amuses me a little... loads of people on here hate the idea of paying a few thousand over MRSP for a watch, and yet I bet many of them buy over-spec’d new cars and lose several thousands. It’s the same as those of us that worry about future watch value, whilst at the same time fully accepting car depreciation. It’s a mind-set thing.

Sorry, gone off-topic. My spend limit when I started was max £5k for a single watch, and no more that £10k in total. I now have a Patek 5990, AP Diver, two AP Royal Oaks, a WG Daytona, a Sea Dweller, a Pepsi, a Reverso, and a Speedy. Oops!!

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Chaching · 10 January 2020, 10:20 PM

Unlimited funds

derekhayden · 10 January 2020, 10:38 PM

I set a spend limit for myself on a yearly basis for "luxury" purchases. These are the last things that go into my yearly plan after everything else is taken care of. This limit does change from year to year and may even change during the year, business depending etc..
I am sure we all wish for unlimited spending cash and congrats to the ones who have it but I have not got there yet.

watchwatcher · 10 January 2020, 11:29 PM

I tend to live pretty frugally, so if there's a watch I really want, I don't set any kind of artificial spending limits on it. I know if I can afford it or not.

Lesnerelli23 · 11 January 2020, 12:12 AM

Quote:

Originally Posted by watchmework

I'm sure folks on here have set limits for themselves...only to change the limit shortly thereafter spending time on TRF or at their local AD

THIS! I said, once I had my SubC, my first and only, I'd be good 4ever. First post about it on here I knew I was wrong. I'm hoping 1 or 2 more pieces in my life at least. I'm not wealthy and I'm disabled so "working hard" for it will take time. Wife mentioned 40th bday, that's 3 years! Maybe I should get on a list for a Daytona lol!

Anyway, I'd love the 2-tone and blue sub for my UofM graduation and I'd like an Explorer I mkII for a "field watch" or understated look.

In the meantime, I'm very grateful for the SubC and how I got it AND that I only waited a month at an AD with no relationship :) TRF DOES NOT HELP THE ITCH LOL!

MLW2865 · 11 January 2020, 12:25 AM

I don't have a set limit, its more of a comfort factor. If I don't "feel" the impact financially, then I can get comfortable spending the $$$. I also often times justify getting something new by letting one go. But, once the new one comes in and I didn't "feel" any financial impact, I just usually decide to keep the one I was going to sell, hahaha.

noshake · 11 January 2020, 12:59 AM

Quote:

Originally Posted by Seibei

What? You would let watches stop you from getting your Z06, Harley and Boat? In the grand scheme of all those things a watch or two is quite insignificant. Why would you let watches stop you from getting the things you want anyway? Compared to the price of a nice boat, then the price of a Rolex or two is next to nothing.

Most people have a finite amount of disposable income. I've already been through my R1 phase in life. Watches would never inhibit me from spending on other things I truly needed or desired. But if i was forced to choose say between a Z06 or 4 nice watches and world travel with my family, I'd choose the latter. This thread was simply meant to be a discussion on financial choices and whether other TRF memebers were choosing watches over other material goods, services, or experiences.

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glamorama · 11 January 2020, 01:25 AM

For me there will always be some kind of limit but it is hopefully moving up with additional financial means.

I also have a limit in number, I get uneasy when I come up to 8 watches. 5 watches is probably my ideal number. At first I thought I wanted to be a 'collector' but I now know that as with other things, I am not a collector. I have tried to collect a few things before but it has never been my thing really. Once I get a better version of something I rarely look at the others and I do not like excessive hoarding.

Chewbacca · 11 January 2020, 01:35 AM

Quote:

Originally Posted by GradyPhilpott

Thank you, CJ!

That's the most well-kept and well-run house in all of New Mexico.

Nonetheless, I bowled the worst series today that I've bowled in that house in a very long time. Sometimes, it's just hard to get one's head and gluteus maximus wired together.

It’s all in the GLUTES!

GradyPhilpott · 11 January 2020, 01:35 AM

Quote:

Originally Posted by Chewbacca

It’s all in the GLUTES!

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m j b · 11 January 2020, 01:41 AM

I have limits, but they are easily ignored when an opportunity (or a whim) appears.

Geckobros · 11 January 2020, 03:00 AM

I have an account that I have separate money in. I borrow against myself and pay myself back. The only limit I have is how much I pay in to that account and how much I repay that account. I am disciplined so it works for me.

blankapdx · 11 January 2020, 05:14 AM

My limit is whatever I could afford. Unfortunately, won't be much because I think its time for a new car.

Quailhunter · 11 January 2020, 06:24 AM

I think one of the rules for gathering wealth is to spend a lot less than you make and put that money to work generating more money.

At this point, I could buy a very expensive watch, but i find am just as happy with a more modest Rolex.

My philosophy works for me. It probably doesn’t work for most people. I know a lot of people who spend every cent (and more) they earn. They don’t seem very happy.

erne75 · 11 January 2020, 06:50 AM

I always play in the <$10K space...That is what I feel comfortably spending on a watch. Could I spend more? Sure, but these are expensive toys and I'm a grown man. It doesnt feel responsible to me and my family to spend more than that, given economic standing: poor working man.

Oxfordian · 11 January 2020, 06:52 AM

I would like a CHNR but with the recent price increase it is now just under £12k and that is pushing my boundaries of what is acceptable to buy.

For the same money I could pick up a GMT from another brand and have a large chunk of money left over for a nice holiday.

But would I be happy, in some respects the waiting time for any popular Rolex is good thinking time, do I really need this amount of money on a watch?

calebb90 · 11 January 2020, 10:57 AM

Quote:

Originally Posted by GradyPhilpott

My limit used to be $10,000, but honestly now that I'm seventy and have as many watches as I have and the fact that I'm never going to play the Rolex scarcity game and because I have a nice source of used watches, I can get by with a limit of around $5000 and still get some nice acquisitions, even if they are not perfect.

My hobby is purely an affair of the heart and perfection is an unattainable goal anyway, so I'm taking the easy, non-anxiety-ridden route and just enjoying what I have and picking a few nice pieces along the way.

A very nice piece I acquired not long ago for a mere song.

This sounds like a great way to live! Beautiful watch.

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calebb90 · 11 January 2020, 11:01 AM

Quote:

Originally Posted by Token74

Yep, several times. And continue to ignore it!!

The thing is, I used to waste money on flash cars and changed them every 6-12 months. I say I wasted money because of the rapid depreciation. When I started spending money on watches, I had to change my approach to cars as I only have so much money available for luxury purchases.

My watch collection that I’ve amassed over the last ten years, whilst arguably excessive, is worth more than I paid for it. Compare that to the chunky six figure depreciation hit I took on cars the previous ten years!!

I still drive nice cars, I just don’t change them as often and they are nice rather than flash. And as I get older, this suits me just fine.

It amuses me a little... loads of people on here hate the idea of paying a few thousand over MRSP for a watch, and yet I bet many of them buy over-spec’d new cars and lose several thousands. It’s the same as those of us that worry about future watch value, whilst at the same time fully accepting car depreciation. It’s a mind-set thing.

Sorry, gone off-topic. My spend limit when I started was max £5k for a single watch, and no more that £10k in total. I now have a Patek 5990, AP Diver, two AP Royal Oaks, a WG Daytona, a Sea Dweller, a Pepsi, a Reverso, and a Speedy. Oops!!

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People also finance cars and end up paying interest on something losing value. But I’ll admit the utility of a vehicle is, to most, much more valuable than a watch.

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GradyPhilpott · 11 January 2020, 12:06 PM

Quote:

Originally Posted by calebb90

This sounds like a great way to live! Beautiful watch.

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Thank you!

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Ian Macdermott · 11 January 2020, 07:35 PM

I didn't get to be a Billionare by wasting money, so I set myself a limit of only spending 1 hours pay on a watch.

Giangos · 11 January 2020, 08:42 PM

No limit, i just have to love it enough

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ddubb · 11 January 2020, 10:35 PM

I’ve set a $5K incremental cash spend limit. Anything more than that I will liquidate a piece/pieces from my collection to cover the additional cost. It keeps my collection at a reasonable size, keeps net-new cash outlays at an acceptable level, and having to part with an existing piece forces me to pause and helps to temper impulsive spending.

10 January 2020, 05:38 PM	#34
Token74 "TRF" Member Join Date: Dec 2012 Real Name: Vince Location: England Watch: Too many! Posts: 5,748	Yep, several times. And continue to ignore it!! The thing is, I used to waste money on flash cars and changed them every 6-12 months. I say I wasted money because of the rapid depreciation. When I started spending money on watches, I had to change my approach to cars as I only have so much money available for luxury purchases. My watch collection that I’ve amassed over the last ten years, whilst arguably excessive, is worth more than I paid for it. Compare that to the chunky six figure depreciation hit I took on cars the previous ten years!! I still drive nice cars, I just don’t change them as often and they are nice rather than flash. And as I get older, this suits me just fine. It amuses me a little... loads of people on here hate the idea of paying a few thousand over MRSP for a watch, and yet I bet many of them buy over-spec’d new cars and lose several thousands. It’s the same as those of us that worry about future watch value, whilst at the same time fully accepting car depreciation. It’s a mind-set thing. Sorry, gone off-topic. My spend limit when I started was max £5k for a single watch, and no more that £10k in total. I now have a Patek 5990, AP Diver, two AP Royal Oaks, a WG Daytona, a Sea Dweller, a Pepsi, a Reverso, and a Speedy. Oops!! Sent from my iPhone using Tapatalk __________________ Time is limited, make every second count. Patek Philippe Nautilus 5990 - AP Royal Oak 15300 - AP Royal Oak 15450 Blue - AP Royal Oak 15450 Silver - AP Royal Oak Offshore 26480 - Royal Oak Offshore 15710 - Rolex Sea Dweller 116600 - Rolex Daytona 116519 - Rolex GMT 126710 BLRO - Omega Speedmaster Reduced - JLC Reverso GMT Moonphase - TAG Microtimer - Dent Pocket Watch - JLC Atmos Phases de lune

10 January 2020, 10:38 PM	#36
derekhayden "TRF" Member Join Date: Sep 2017 Location: Texas Watch: Tudor BBGMT Posts: 797	I set a spend limit for myself on a yearly basis for "luxury" purchases. These are the last things that go into my yearly plan after everything else is taken care of. This limit does change from year to year and may even change during the year, business depending etc.. I am sure we all wish for unlimited spending cash and congrats to the ones who have it but I have not got there yet. __________________ ****************************************** Official 2nd Member of The Poor Man's Rolex Club ******************************************

11 January 2020, 01:41 AM	#44
m j b "TRF" Member Join Date: Mar 2011 Real Name: Michael Location: RTP, NC, USA Watch: ♕& Ω Posts: 5,247	I have limits, but they are easily ignored when an opportunity (or a whim) appears. __________________ Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds...

11 January 2020, 06:50 AM	#48
erne75 "TRF" Member Join Date: Jul 2018 Location: FL Watch: 16613LB Posts: 164	I always play in the <$10K space...That is what I feel comfortably spending on a watch. Could I spend more? Sure, but these are expensive toys and I'm a grown man. It doesnt feel responsible to me and my family to spend more than that, given economic standing: poor working man. __________________ Code: ♛116710LN ♛16613LB ♛214270 ♛116400 ♛16600 Ω166.0086 Ω311.30.42.30.01.005 PAM00564 79230R 79730 R135 └┼┼┤ Save the manuals! 246

11 January 2020, 06:52 AM	#49
Oxfordian "TRF" Member Join Date: Aug 2019 Real Name: Martin Location: England Watch: Sea Dweller Posts: 3,201	I would like a CHNR but with the recent price increase it is now just under £12k and that is pushing my boundaries of what is acceptable to buy. For the same money I could pick up a GMT from another brand and have a large chunk of money left over for a nice holiday. But would I be happy, in some respects the waiting time for any popular Rolex is good thinking time, do I really need this amount of money on a watch? __________________ Martin Small Rolex, Omega, Seiko and Oris Collection

10 January 2020, 05:02 PM	#33
Ihatecheese Banned Join Date: Dec 2019 Location: London Posts: 978	Jewellery (for me) appears pretty low down on my list of fun unnecessary stuff.

10 January 2020, 10:20 PM	#35
Chaching "TRF" Member Join Date: Sep 2011 Real Name: None of ya #@! Location: Somewhere Watch: Many! 116718 GOLD Posts: 2,137	Unlimited funds

10 January 2020, 11:29 PM	#37
watchwatcher "TRF" Member Join Date: Jan 2009 Real Name: Larry Location: Kentucky Watch: Yes Posts: 35,204	I tend to live pretty frugally, so if there's a watch I really want, I don't set any kind of artificial spending limits on it. I know if I can afford it or not.

11 January 2020, 12:25 AM	#39
MLW2865 "TRF" Member Join Date: Dec 2012 Location: Kentucky Posts: 103	I don't have a set limit, its more of a comfort factor. If I don't "feel" the impact financially, then I can get comfortable spending the $$$. I also often times justify getting something new by letting one go. But, once the new one comes in and I didn't "feel" any financial impact, I just usually decide to keep the one I was going to sell, hahaha.

11 January 2020, 01:25 AM	#41
glamorama "TRF" Member Join Date: Jan 2018 Real Name: Dan Location: Benelux Posts: 1,920	For me there will always be some kind of limit but it is hopefully moving up with additional financial means. I also have a limit in number, I get uneasy when I come up to 8 watches. 5 watches is probably my ideal number. At first I thought I wanted to be a 'collector' but I now know that as with other things, I am not a collector. I have tried to collect a few things before but it has never been my thing really. Once I get a better version of something I rarely look at the others and I do not like excessive hoarding.

11 January 2020, 03:00 AM	#45
Geckobros "TRF" Member Join Date: Nov 2019 Location: Arrakis Posts: 874	I have an account that I have separate money in. I borrow against myself and pay myself back. The only limit I have is how much I pay in to that account and how much I repay that account. I am disciplined so it works for me.

11 January 2020, 05:14 AM	#46
blankapdx "TRF" Member Join Date: Jan 2019 Location: USA Watch: 116500 black Posts: 312	My limit is whatever I could afford. Unfortunately, won't be much because I think its time for a new car.

11 January 2020, 06:24 AM	#47
Quailhunter "TRF" Member Join Date: Apr 2016 Real Name: Doug Location: Georgia USA Watch: Rolex President Posts: 1,348	I think one of the rules for gathering wealth is to spend a lot less than you make and put that money to work generating more money. At this point, I could buy a very expensive watch, but i find am just as happy with a more modest Rolex. My philosophy works for me. It probably doesn’t work for most people. I know a lot of people who spend every cent (and more) they earn. They don’t seem very happy.

11 January 2020, 07:35 PM	#53
Ian Macdermott "TRF" Member Join Date: May 2015 Real Name: Willy.B.Banned Location: Sheol Watch: ing the detectives Posts: 2,721	I didn't get to be a Billionare by wasting money, so I set myself a limit of only spending 1 hours pay on a watch. __________________ Welax no one other than wobblers muggers and sad WIS types notices your Wolex. The rest of the populace are way too busy staring at their shiny new iPhone 24s or worrying about paying the gas bill..

11 January 2020, 08:42 PM	#54
Giangos "TRF" Member Join Date: Nov 2017 Real Name: John Location: Australia Watch: WG BLRO, Sub C, WG Posts: 1,702	No limit, i just have to love it enough Sent from my iPhone using Tapatalk

11 January 2020, 10:35 PM	#55
ddubb "TRF" Member Join Date: Jun 2015 Location: SE USA Posts: 153	I’ve set a $5K incremental cash spend limit. Anything more than that I will liquidate a piece/pieces from my collection to cover the additional cost. It keeps my collection at a reasonable size, keeps net-new cash outlays at an acceptable level, and having to part with an existing piece forces me to pause and helps to temper impulsive spending.

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