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#31 | |
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Join Date: Nov 2023
Location: US
Posts: 112
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#32 |
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#33 | |
"TRF" Member
Join Date: Mar 2019
Location: San Francisco
Posts: 3,013
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If I buy a ferrari and finance it for 3-4k a month it doesn't bother me but I would be nuts if I would not worry about a total loss. |
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#34 | |
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Join Date: Oct 2019
Location: Vancouver
Posts: 2,069
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For example, I only get paid every ~3 - 5 years whenever we have a liquidity event like sell a co or whatever, so as a result I am similar to you and live very conservatively. I think of every watch I buy as $0, no personal debt at all, etc... But if I had a normal job making W2 income, I'd probably be ok with more personal leverage and not mentally thinking of things like watches as worth $0 in my head. |
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#35 | |
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Location: US
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#36 |
2025 Pledge Member
Join Date: Feb 2013
Real Name: Louis
Location: Bay Area, CA
Watch: Le Mans
Posts: 5,463
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I tend to look at the heavy hitters in my collection as a world cruise fare during retirement. Mrs wants to go on world cruises and I sure as hell am not going to pay for those out of normal income streams. All those heavy bangers cost a fortune to service anyway, so you don’t necessarily want to be holding a large amount of them.
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#37 | |
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Join Date: Oct 2019
Location: Vancouver
Posts: 2,069
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