Hello everyone! I am a college student and I have been in love with watches for about 2 years now and have greatly expanded my knowledge and taste on watches. I was thinking about the next watch purpose just like all us watch addicts 😂 and was curious on what your rule about buying a new watch is? I am thinking of the GMT Master II but it’s $11,000 retail so I obviously should save up more than that. What are your thoughts and watch buying rule that you have set for yourself?

  • improvthismomentBEnglish
    1·
    1 year ago

    Interesting take on this. I get the concept, but I would say that “10%” might be more or might be less depending on a lot of factors:

    • Other expenses
    • Debt (you did mention this)
    • Cost of living where you live / want to live
    • Family obligations
    • Retirement
    • Financial security, in other words is your income stable or is it going go fluctuate a lot year to year

    So if my parents are billionaires and I’ve already got housing and retirement set, then that 10% might be closer to 50% or 90%.

    If I’m just barely getting by financially and live in a high cost of living area and have lots of family obligations, then that 10% “fun money” might be closer to 1%.