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cedargrove · 27 March 2012, 09:04 AM

Quote:

Originally Posted by WhatTheDeuce

I may have not explained my situation correctly. I literally have the cash to pay for all of the work being done (set aside cash = allocated, bill is already paid, etc.). Therefore, the tax refund is "gravy". I can put the tax refund back into my account thus shrinking the cost of the work (in my mind

). Or I can choose to spend the "gravy".

This completely changes my intended response from "Landscaping" to "What are you nuts, get the friggin' watch already"

opaline460 · 27 March 2012, 09:12 AM

brown grass could be an eye sore.....

snaggle · 27 March 2012, 09:14 AM

If I ever receive a large amount of money, i never see it as "money" in my head, i see a watch incoming, LOL!

kerytch · 27 March 2012, 09:22 AM

Always needs before wants :)

SUPERDOC · 27 March 2012, 11:08 AM

I'd say listen to the Universe ---

This is like found money - if there is a watch you've been targeting, it is the universe telling you that you should have it...

If there is nothing that strikes your interest right now, don't try to force it...

put the cash in a high interest savings 'Watch account' until you find your target...

either way - this money should be spend on something that represents that it is gravy - if not a watch, then some kind of frivoulous item of joy that will return hige dividends in sentiment and memory - a trip, a getaway, even something for the wife...

money thrown on the pile is rarely meaningful...

Clutch Cargo · 27 March 2012, 11:16 AM

Kyung, your further explanation changes the situation entirely.

Go for the watch!

MortgageGuy · 27 March 2012, 11:19 AM

Since you already have the money set aside for the house updates why not get the watch IMO... Not like your buying the watch on credit.

You only live once, may as well enjoy yourself a little

psv · 27 March 2012, 11:26 AM

You have enough watches. Take your family on some ultra-cool vacation that you guys always dreamed of.

Driveway/landscaping? You'll never get your money back on those "investments" in the value of the house.

LightOnAHill · 27 March 2012, 11:28 AM

put none of it towards the current property, work on that as you go

put all of it towards a much cheaper but mortgage 300-less-a-month than the rent situation,
then use the 300 a month as partial or part of that as payment on the improvements of place one,
and have your equity built and your wealth somewhat sheltered.

IMO.

SUPERDOC · 27 March 2012, 11:32 AM

Quote:

Originally Posted by LightOnAHill

put none of it towards the current property, work on that as you go

put all of it towards a much cheaper but mortgage 300-less-a-month than the rent situation,
then use the 300 a month as partial or part of that as payment on the improvements of place one,
and have your equity built and your wealth somewhat sheltered.

IMO.

look at the guys Watch collection so far...obviously has a fair income, and still managed to end up with a tax Refund...

I don't think he needs any investment/financial advice from us...

globalmedia33 · 27 March 2012, 11:42 AM

Quote:

Originally Posted by gwalker

I personally would fix up the house. Watches only come for me after my house cars boat and vacations. Guess that's why I only have 2 and I'm waiting to pick up an AP.... If you are single get the watch.

Bustelo · 27 March 2012, 11:51 AM

There's always a reason not to treat yourself. Arguably, money can always be better spent then on luxury watches. Sometimes, you have to throw your hands up in the air and do it anyway. You only live once!

Boothroyd · 27 March 2012, 11:58 AM

I sympathize with your plight. May I suggest to ease the strain of the decision, that you buy ME an Explorer II black? Thank you in advance, and I look forward to your PM to arrange details......
Seriously, buy the watch! I gather you are like me in that you may acquire a small number of watches that mean a lot to you that you will hold on to. In that case, life is short....go for it! If you are adding number #20 to your collection, the marginal value of another watch isn't going to be worth the opportunity cost. My $.02. Good luck with it!

Lisa · 27 March 2012, 12:27 PM

I'd take care of the house stuff first.

Many view a tax refund as "free money," but it is, in the first place, your hard-earned money that the government got to use, interest free, all year.

Our accountant tells us that "break even" at tax time means just the right amount is being withheld for taxes along the way. If you're getting a refund each year, adjust the withholding.

Yeah, yeah - boring...

Rollie2011 · 27 March 2012, 12:28 PM

Finish the house job. Thats just my 2c.

Wait until you see a watch you really want. Don't just send it because its there

toolr · 27 March 2012, 12:28 PM

The responsible thing would probably be to pay towards the work. That said, I'd probably get the watch...

springer · 27 March 2012, 12:30 PM

Use the money on the house!

Gaijin · 27 March 2012, 01:12 PM

Well on a Rolex forum the answer is always going to be

buy a watch.

Seriously though take care of your priorities first.

Wait, that would be buying a watch again.

Ok, get another watch.

LightOnAHill · 27 March 2012, 01:26 PM

Quote:

Originally Posted by SUPERDOC

look at the guys Watch collection so far...obviously has a fair income, and still managed to end up with a tax Refund...

I don't think he needs any investment/financial advice from us...

Yes, you're right; the no-interest loan to the government must have thrown me off, my bad.

fogcitywatch · 27 March 2012, 03:44 PM

Dude, what are you thinking? You have plenty of watches for now. Spruce up the house and put the refund money towards your "Escape from New Jersey" plan!!

WhatTheDeuce · 27 March 2012, 09:19 PM

Wow, lots of different options here. I'm not in any hurry, so I'll see what strikes me first. Thanks to all of you. I enjoyed reading all of your opinions.

WhatTheDeuce · 27 March 2012, 09:27 PM

Quote:

Originally Posted by Lisa

I'd take care of the house stuff first.

Many view a tax refund as "free money," but it is, in the first place, your hard-earned money that the government got to use, interest free, all year.

Our accountant tells us that "break even" at tax time means just the right amount is being withheld for taxes along the way. If you're getting a refund each year, adjust the withholding.

Yeah, yeah - boring...

Believe me, I adjust every year, and my account and I never get it right.

simonmcc · 27 March 2012, 09:48 PM

It's money you didn't know you had, you've saved up for landscaping (no debt), I can't see the issue you'd only be looking at it in the bank, so go have some fun, you've obviously worked hard for it and your priorities are right otherwise you would have already spent the landscape money on watches.

speedo · 27 March 2012, 10:01 PM

so basically you are asking whether to buy a watch with your surplus money not needed anywhere else.
of course!

dpkong · 28 March 2012, 01:15 AM

well... if you already have a watch you are eyeing, then go get it. otherwise, cash in the pocket tends to disappear for no good reason.

simonmcc · 28 March 2012, 04:59 AM

Quote:

Originally Posted by dpkong

well... if you already have a watch you are eyeing, then go get it. otherwise, cash in the pocket tends to disappear for no good reason.

Well said.

27 March 2012, 11:19 AM	#37
MortgageGuy "TRF" Member Join Date: Jun 2009 Real Name: Adam Location: Orlando, Florida Watch: Me Posts: 9,935	Since you already have the money set aside for the house updates why not get the watch IMO... Not like your buying the watch on credit. You only live once, may as well enjoy yourself a little __________________ The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki

27 March 2012, 11:58 AM	#43
Boothroyd 2025 TitaniumYM Pledge Member Join Date: May 2011 Real Name: Daniel Location: Minneapolis, MN Watch: Wilsdorf(s) Posts: 10,298	I sympathize with your plight. May I suggest to ease the strain of the decision, that you buy ME an Explorer II black? Thank you in advance, and I look forward to your PM to arrange details...... Seriously, buy the watch! I gather you are like me in that you may acquire a small number of watches that mean a lot to you that you will hold on to. In that case, life is short....go for it! If you are adding number #20 to your collection, the marginal value of another watch isn't going to be worth the opportunity cost. My $.02. Good luck with it! __________________ Explorer 214270 MK I/Datejust II Black 116300/Tudor Heritage Black Bay Black 79220N

27 March 2012, 12:28 PM	#45
Rollie2011 "TRF" Member Join Date: Mar 2011 Real Name: John Location: Palm Beach, FL Watch: Sub-C + Exp 42 Posts: 1,654	Finish the house job. Thats just my 2c. Wait until you see a watch you really want. Don't just send it because its there __________________ John Submariner C LN Explorer 42 Polar

27 March 2012, 12:30 PM	#47
springer 2025 TitaniumYM Pledge Member Join Date: Apr 2008 Real Name: jP Location: Texas Watch: GMT-MASTER Posts: 17,451	Use the money on the house! __________________ Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics.

27 March 2012, 09:19 PM	#51
WhatTheDeuce "TRF" Member Join Date: Nov 2011 Real Name: Kyung Location: Anywhere? Watch: cha want... Posts: 4,488	Wow, lots of different options here. I'm not in any hurry, so I'll see what strikes me first. Thanks to all of you. I enjoyed reading all of your opinions. __________________ Instagram: @whatthedeuce_

27 March 2012, 09:12 AM	#32
opaline460 "TRF" Member Join Date: Nov 2011 Location: US Posts: 3,386	brown grass could be an eye sore.....

27 March 2012, 09:14 AM	#33
snaggle Member Join Date: Dec 2011 Real Name: Paul Location: Florida Watch: SubC, DJII, Omegas Posts: 768	If I ever receive a large amount of money, i never see it as "money" in my head, i see a watch incoming, LOL!

27 March 2012, 09:22 AM	#34
kerytch "TRF" Member Join Date: Mar 2012 Location: Ph Posts: 323	Always needs before wants :)

27 March 2012, 11:08 AM	#35
SUPERDOC "TRF" Member Join Date: Jul 2007 Real Name: R.J. Location: Canada Posts: 1,546	I'd say listen to the Universe --- This is like found money - if there is a watch you've been targeting, it is the universe telling you that you should have it... If there is nothing that strikes your interest right now, don't try to force it... put the cash in a high interest savings 'Watch account' until you find your target... either way - this money should be spend on something that represents that it is gravy - if not a watch, then some kind of frivoulous item of joy that will return hige dividends in sentiment and memory - a trip, a getaway, even something for the wife... money thrown on the pile is rarely meaningful...

27 March 2012, 11:16 AM	#36
Clutch Cargo "TRF" Member Join Date: Mar 2012 Real Name: Lynn Location: Dallas, Texas Posts: 452	Kyung, your further explanation changes the situation entirely. Go for the watch!

27 March 2012, 11:26 AM	#38
psv 2024 Pledge Member Join Date: Oct 2009 Location: USA & France Posts: 11,077	You have enough watches. Take your family on some ultra-cool vacation that you guys always dreamed of. Driveway/landscaping? You'll never get your money back on those "investments" in the value of the house.

27 March 2012, 11:28 AM	#39
LightOnAHill "TRF" Member Join Date: Mar 2011 Real Name: Bryan Location: Pacific Northwest Watch: YG DD lchdp Posts: 2,963	put none of it towards the current property, work on that as you go put all of it towards a much cheaper but mortgage 300-less-a-month than the rent situation, then use the 300 a month as partial or part of that as payment on the improvements of place one, and have your equity built and your wealth somewhat sheltered. IMO.

27 March 2012, 11:51 AM	#42
Bustelo "TRF" Member Join Date: Aug 2008 Location: FL Watch: maker Posts: 177	There's always a reason not to treat yourself. Arguably, money can always be better spent then on luxury watches. Sometimes, you have to throw your hands up in the air and do it anyway. You only live once!

27 March 2012, 12:27 PM	#44
Lisa "TRF" Member Join Date: Sep 2007 Location: oklahoma city Posts: 15,741	I'd take care of the house stuff first. Many view a tax refund as "free money," but it is, in the first place, your hard-earned money that the government got to use, interest free, all year. Our accountant tells us that "break even" at tax time means just the right amount is being withheld for taxes along the way. If you're getting a refund each year, adjust the withholding. Yeah, yeah - boring...

27 March 2012, 12:28 PM	#46
toolr 2025 Pledge Member Join Date: Sep 2009 Location: Northwest Posts: 1,376	The responsible thing would probably be to pay towards the work. That said, I'd probably get the watch...

27 March 2012, 01:12 PM	#48
Gaijin 2025 TitaniumYM Pledge Member Join Date: Feb 2007 Location: Japan Watch: ing your back. Posts: 16,176	Well on a Rolex forum the answer is always going to be buy a watch. Seriously though take care of your priorities first. Wait, that would be buying a watch again. Ok, get another watch.

27 March 2012, 03:44 PM	#50
fogcitywatch "TRF" Member Join Date: Aug 2011 Location: London-NYC-Miami Posts: 52	Dude, what are you thinking? You have plenty of watches for now. Spruce up the house and put the refund money towards your "Escape from New Jersey" plan!!

27 March 2012, 09:48 PM	#53
simonmcc "TRF" Member Join Date: Mar 2012 Location: UK Posts: 180	It's money you didn't know you had, you've saved up for landscaping (no debt), I can't see the issue you'd only be looking at it in the bank, so go have some fun, you've obviously worked hard for it and your priorities are right otherwise you would have already spent the landscape money on watches.

27 March 2012, 10:01 PM	#54
speedo "TRF" Member Join Date: Feb 2010 Location: bp, hu, eu Watch: dj 16234, 116610ln Posts: 2,376	so basically you are asking whether to buy a watch with your surplus money not needed anywhere else. of course! __________________ *16234 jubilee dial, 116610 ln, grand seiko sbgm221g, omega speedmaster mark II, longines legend diver, breguet 3910, nomos club campus 38, swatch sistem51, mares nemo, seiko ripley, g-shock rangeman* instagram: modus_horologicus

28 March 2012, 01:15 AM	#55
dpkong "TRF" Member Join Date: Jan 2010 Real Name: Don Location: Borneo Watch: it! Posts: 864	well... if you already have a watch you are eyeing, then go get it. otherwise, cash in the pocket tends to disappear for no good reason.

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