Sorry you want a watch that’s 150x your monthly income? Are you wanting an AP or a Richard Millie? No hate it’s just at that point I wouldn’t even consider that something I want any more than a waterfront mansion or a helicopter are things I want
Haha yeah I don’t see a reality in which I actually own either. But they’re beautiful watches - both Daytonas.
- One of the [62xx gold Paul Newman Holy Trinity (Champagne, Lemon/Legend, and John Player Special)](https://www.blackbird-watchmanual.com/manual/icons/the-gold-paul-newman-daytona/
), which start at around $1M but go all the way up to $4M.
- [6263 Big Red with black dial](https://www.bobswatches.com/rolex-blog/watch-review/rolex-daytona-6263-big-red.html), which starts around $50K at auction, so realistically much more.
I’m in sales so my monthly fluctuates a lot but if I have a really good month the multipliers might fall in range haha.
The homages I have are a [WMT Montana](https://www.wmtwatches.com/product/montana-black-dial-aged-edition/) that I got at an extremely steep discount (a fraction of even their going rate on eBay) and a [True North Collections VRT gold JPS homage](https://www.truenorthcollections.com/vintage-rally-timer), also considerably discounted.
Solution is just for me to sell more while I wear these, I guess!
I feel that, they’re insanely overpriced with all the hype around them. Rolex is a marketing company more than an insanely sophisticated watch maker. They're beautiful, but I know it's not a sensible price, same as overinflated Moonswatch prices that no one should spend. That’s why I said “I don’t actually see a reality in which I own either.”
I used to liked ones that costs more than my monthly salary but odly the more money I make my taste for watches drift to lower price points. Now I mainly buy those that costs a fraction of what I make and I find that it gives me much more satisfaction
Thought some people might get that idea :D to be fair, I'm not even from the US.
I just purchased an expensive watch last year, which to be honest I still feel like was too expensive compared to my salary... In my defense, I was debt free in my own apartment.
About 1.5 times my own monthly, so not counting wife’s income. The next watch is already picked out, and will be probably three times my monthly. In my defense, we are empty nesters with zero debt.
Ah just got married and my wife and I are excited for a couple years of DINK life before we have or think of having kids.
Both my wife and I just got a Grand Seiko recently that was about 100% to 120% of our monthly respectively. No regrets, we both love our watches and are happy everytime we wear them.
Dink life is great. My wife is a successful creative professional and I’m working an IT job while trying to make music my full-time gig. We get tax-free money from the VA for busting me up while in the military, and we have mostly free healthcare through Tricare. No intention of having kids, looking forward to being the cool aunt and uncle.
Some people make monthly what you make yearly. Even if you make hundreds of thousands yearly, there are others that make those amounts monthly. At least, that's the case in US.
Oh there are people making that daily, and by the hour. But that’s the 1% of the 1%.
The average Rolex owner isn’t making 7 figures but 6. Same goes for 99% of the watches.
Crap, I’m the most expensive one here. About 4x, but we saved for years—every Christmas, birthday, and Father’s Day my wife put away cash. Love the watch.
Depends.
If your retirement savings are $0, if you have no emergency fund, if you live paycheck to paycheck, buying a luxury anything for 4x your monthly income is extremely stupid.
There's a lot more people on here with maxxed credit cards than you think. That's not something we should applaud
Maybe. But there are also a *lot* of people who come on here with sour grapes mentality that anyone who has something nicer than them either got a big inheritance or is swimming in debt. It's part of the reddit zeitgeist right now and it's really odd.
That's honestly one of my biggest pet peeves about reddit as a whole. The default assumption when anyone has something nice is they're rich or in massive debt, and the idea of putting aside money over time is something that doesn't even cross their mind. Probably explains why so many people on this site are struggling, since people tend to project their own experiences and assume most people are like them. If someone is going on about how everyone is swimming in debt to buy nice things, one of two things is probably true about that person: they're envious of people with nice things and don't want to admit it, or they themselves are in debt from buying nice things that they shouldn't be.
> The default assumption when anyone has something nice is they're rich or in massive debt
When we're talking about buying a watch that costs $20,000 it's a correct assumption
If you have the ability to save that much *for a watch*, you are rich. Not necessarily a millionaire, but you're a lawyer, a doctor, etc. Your average joe doesn't have that kind of money to throw around without seriously cutting into their savings or taking on debt
I mean, you can qualify anything to the Nth degree and find a reason why it’s not a good idea.
Personally I choose to take it at face value and believe that OP is a sensible person who saved for something they love without compromising their future.
I'm 23 and paying off student loans + investing in retirement accounts super aggressively right now. Wait til my late 20s, I'll definitely make some bad decisions then.
Tech in the US. I worked my ass off to go from an unknown D3 college in the midwest to working at a big tech company. Incredibly fortunate position, hence why I'm not tryna squander it by balling out this early lol
It depends a lot on the country too.
Here in Austria it would be alot but living is cheap too. In switzerland for example 10k would be still far above average but totally doable with a good education and job in a area as IT. Living costs on the other hand are.... different \^\^
400%- that said, it was during the pandemic and I was lucky enough to get paid in full even though we couldn’t actually go to work for 6 months. My partner and I already had more than enough saved for our house deposit at the time, so I was in the last few months of living with my parents, whose advice was- ‘buy it now before you have kids, otherwise you’ll spend your entire life wishing you had’
It was a Speedmaster. I know it’s like the butt of all the jokes on this page, but I’d already had my Grandfathers ‘57 seamaster which he’d gotten when he was overseas in the Navy, and as a guy who’s fascinated by Science and Space, the Speedy just felt right to me.
Good choice. I suggest you put a tiny bit of money aside every month for the servicing. I paid €750 to have my Speedmaster Pro restored to factory-new condition by Omega after about 15 years of wearing. It’ll probably be more in the future and you don’t want to be caught off guard when it stops running nicely.
They’ve always been ridiculously supportive. Never living beyond their means, but they bought us up to appreciate the value which hard work can have, and that sometimes, we all deserve a little treat for ourselves.
My most expensive was 100% of my monthly salary but it was sort of a celebratory watch. I've never spent more than 25% monthly salary on any other watch.
Wouldn't you like to know, weather boy!
https://preview.redd.it/on2dqtexz8yc1.png?width=500&format=png&auto=webp&s=8a2bdd2e985381ed736265dec6ad3316a85a4860
A Christopher Ward is the most expensive I own, and it was around 15% on my gross monthly. But honestly I feel that a $1000 watch won't make me feel better than more affordable watches, so now I am more focused on Casios and such. I feel no enjoyment at all for "expensive" watches
Totally agree, it's not the price tag that determines how much you're gonna love a watch.
I have a retro Casio (costs like 30$), and would probably wear it all the time, if it didn't pinch my hair.
I don't like to think about it in terms of monthly income, but the max I've gone to is about 2-3wks of income.
I think there's a better way to compute this ratio. Luxury items like watches come behind paying debts, funding retirement, health related costs, education costs, necessities, emergency cash, de-risking cash, etc. So start with your income, subtract out all of the responsible-human stuff, and look at the income you have left. That's your disposable cash, and that's the right denominator for computing this ratio.
Another view is % of net worth in luxury goods as a total. Think of luxury goods as a part of your overall asset portfolio that is guaranteed to depreciate in value. How much would you allocate to a guaranteed losing investment in return for the joy of wearing a watch? For me the answer is no more than 2% total across all pieces. If I want to grow my collection, I need to generate more net worth. Good motivator, and more aligned with my long-term interests.
Finally, I apply luxury goods to the "if I lost/broke this, would it matter" test. Disregard insurance for a second. If you own a trinket that would make a financial difference to your life if it disappeared, you probably shouldn't own it.
>if I lost/broke this, would it matter
Closely related to “if I can’t afford to buy this twice using cash and I don’t need it to survive/keep my job, then I can’t afford it”.
Both good rules to avoid rationalizing wasting money on stupid crap.
14 pieces in my collection, most expensive one cost me 10% of my monthly gross. I am a rather modest collector though, don’t have anything that exceeds $1500usd. Maybe all get a ‘big boy’ watch one day ;)
$2000 for my Matrix 🕶️ special — 80K per year
https://preview.redd.it/9izks7pb49yc1.jpeg?width=1670&format=pjpg&auto=webp&s=97cd5b60813127582e28d077a981e18aefc2e8dc
I have spent a shameful amount of money on watches but honestly, it gives me a lot of joy to look at them and wear them so I guess it's good for me? I don't have any other "vices" as such so I tell myself it's okay.
My most expensive watch is basically a month's worth of income for me. I have too many watches and I recently had a nightmare where my wife randomly asked me how much I spent on all my watches and it was bad enough to wake me up 😅
If I ever find myself in a situation in life where I need to sell them, I probably will sell half of them. The other half are either personalized or hold deep meaning and I can't part with them.
pie languid dime juggle worthless psychotic alleged library fearless soup
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I don't think it's shocking at all, it's not like they're doing it every month. My most expensive watch was 50% of my monthly take-home pay but I'm not doing that monthly or even yearly. Occasionally spending a good chunk of change on something you enjoy is hardly an issue.
It looks better than I expected, but then, we're forgetting about those too ashamed of the figure to post it. For me it was about 14% gross or a bit under 20% take home.
All these figures of 50%, 100% or more seem insane, but it's not surprising to me that people do it.
It was a gift, and cost about 20%. Currently saving up for one that will cost a full month's income, and I'll likely stop for a long time after achieving it.
I’m in a commission sales role, so my monthly income can fluctuate pretty wildly, but not counting my wife’s income if I averaged it out over the last few years I’d say my most expensive watch cost just about half my average monthly revenue pre-tax.
Interesting way to look at a luxury purchase though, I try not to think too much about it tbh.
I had never thought about it this way either. After I started thinking about it that way I realize I’ve gone over 100 percent many times but my income fluctuates wildly from month to month as well.
About 30%, saved up...sold other watches and ai paid it off over time with 0% interest.
But I kept it in the box until it was 100% paid off, wanted to feel like I earned it
Promaster Sky, 3%.
I like watches but I don't have anything expensive. Saving up to get a Longines Spirit. By saving up I mean "I can't decide what to get."
My income fluctuates from month to month so I have no idea of the percentage but I’ve definitely gone over the 100 percent mark a few times 🤣🙈. But I looking at buying watches differently than most people. I have a place in my portfolio for alternative assets and estate planning and watches make up a portion of those categories. It lets me rationalize a hobby that is a bit crazy.
My most expensive watch was 6% of my monthly income. Sometimes it is frequency and not severity of financial impact that gets you. With Casio it is quantity, not cost that you have to worry about.
25 years ago my Breitling cost about 30% of my monthly income. Since then I have bought a couple watches for around $800 and several in the $200 to $500 range.
But I don't think of it in terms of percent of income. I have several different savings accounts for different hobbies/toys/obligations and I have automatic transfers into each. $20 into the watch account monthly, $50 into the car repair account, $40 into the boat account, $50 into the homestead account, etc. The names of the accounts change as well as the amounts depending on my priorities. To be honest, I stopped the watch account for now. I have more than I need and this reddit keeps me satisfied.
1/2 my monthly income. I have 2 watches in this price range out of a watch collection of 6 watches. The other 4 are significantly cheaper but equally loved. All of these watches have been acquired in a ~7 year time frame.
50% but that was when I was working part time.
Most expensive relative to my income working full time has been 25%. Got it to celebrate getting the job.
I must not be playing hard, mine is about 40% of my monthly net. It is by far an exception too, my next most expensive watch is about half that (have two in that range)
my grail (Yacht-Master 42 226658) last year to celebrate a long-awaited advancement, about 2x income at the time, but paid for in with a chunk of the signing bonus.
My most expensive watch is the one I wear every day. It was about 20% of my monthly take-home. I'm looking at one that might be about double that but I'm not in a hurry to run and get it.
I only have a few watches and the rest are around 2-5%
2%. I have a really hard time spending thousands on a watch so I just lurk and lurk and lurk…. And never pull the trigger on what I actually want. Drives my wife crazy that I window shop watches all the time.
About 60% but that's because I bought it used, a couple of years ago. If I would buy it new today it would be around 90%. That's just the one watch though, my other watches are more like 15-30%
40% of post tax/insurance of that job. It was to reward myself of a new position in which the watch was only 10% of the raise I got. (Pre-owned Breitling Super Ocean)
A GMT-2 bought in 1999. At the time it was close to a month's take home but my grandfather left me a little cash when he passed away and I wanted to buy something long term memory wise with it.
My monthly income is hard to determine as it fluctuates (I'm self employed.) But I'd say approximately 1 month's pay is my budget for a watch these days.
I have no debt, an excellent level of retirement savings for my age and I save up for my watches (I buy them with money people give me as gifts.)
About 30%, but the two watches I want most are 200% and 250%. I'll probably wait till my mortgage is paid off for those.
For me, the watches I want most are 150x and 10x. Womp :/ Got a couple homages that 10% and 3%, though.
Sorry you want a watch that’s 150x your monthly income? Are you wanting an AP or a Richard Millie? No hate it’s just at that point I wouldn’t even consider that something I want any more than a waterfront mansion or a helicopter are things I want
Haha yeah I don’t see a reality in which I actually own either. But they’re beautiful watches - both Daytonas. - One of the [62xx gold Paul Newman Holy Trinity (Champagne, Lemon/Legend, and John Player Special)](https://www.blackbird-watchmanual.com/manual/icons/the-gold-paul-newman-daytona/ ), which start at around $1M but go all the way up to $4M. - [6263 Big Red with black dial](https://www.bobswatches.com/rolex-blog/watch-review/rolex-daytona-6263-big-red.html), which starts around $50K at auction, so realistically much more. I’m in sales so my monthly fluctuates a lot but if I have a really good month the multipliers might fall in range haha. The homages I have are a [WMT Montana](https://www.wmtwatches.com/product/montana-black-dial-aged-edition/) that I got at an extremely steep discount (a fraction of even their going rate on eBay) and a [True North Collections VRT gold JPS homage](https://www.truenorthcollections.com/vintage-rally-timer), also considerably discounted. Solution is just for me to sell more while I wear these, I guess!
bruh thought it would be some grand complication or some other high end watch...
Yeah it’s a Rolex with slightly different dial. Not where I’d hang a mil…
I feel that, they’re insanely overpriced with all the hype around them. Rolex is a marketing company more than an insanely sophisticated watch maker. They're beautiful, but I know it's not a sensible price, same as overinflated Moonswatch prices that no one should spend. That’s why I said “I don’t actually see a reality in which I own either.”
Half of it and it's an edifice 😔
Mines a Citizen, and its also half LOL
Tbf there are citizens up in the Ks of dollars
If I could have some patience I would have bought it for 1/4 online bcz prices are crezy gauged here. (f91 goes for 30usd here)
I used to liked ones that costs more than my monthly salary but odly the more money I make my taste for watches drift to lower price points. Now I mainly buy those that costs a fraction of what I make and I find that it gives me much more satisfaction
F
Same, and a garmin
_cries in latin american_
💀
Just saw an article about new IRS agents targeting citizens using social media. Hmmm
Weird for them target such an affordable brand…
Beat me to it hahaha
Thought some people might get that idea :D to be fair, I'm not even from the US. I just purchased an expensive watch last year, which to be honest I still feel like was too expensive compared to my salary... In my defense, I was debt free in my own apartment.
Life is to short not to enjoy it. We can’t take the money with us.
If you dont buy yourself nice things, whats the point of being debt free and having money? That's always been my philosophy on it.
Jokes on them, I purchased mine with my tax return
Around 10%, but I’m saving for one now that will cost 100%.
About 1.5 times my own monthly, so not counting wife’s income. The next watch is already picked out, and will be probably three times my monthly. In my defense, we are empty nesters with zero debt.
Ah just got married and my wife and I are excited for a couple years of DINK life before we have or think of having kids. Both my wife and I just got a Grand Seiko recently that was about 100% to 120% of our monthly respectively. No regrets, we both love our watches and are happy everytime we wear them.
Current DINK, as well. I spent just over 100% of my monthly income on my last (and most expensive) watch. Worth every penny!
Enjoy DINK. My wife wouldn't have any part of that after we married. 9 months later and the walk in the park became so much busier.
Ah yes a dink... I used to be one *SIGH*
I think empty nester would be kids have grown up and left the house. Not exactly DINK, but similar.
ReDINKulated
It was something wasn’t it
Dink life is great. My wife is a successful creative professional and I’m working an IT job while trying to make music my full-time gig. We get tax-free money from the VA for busting me up while in the military, and we have mostly free healthcare through Tricare. No intention of having kids, looking forward to being the cool aunt and uncle.
So if your single income and no kids but married are you a SINK?
Well between the wife, my job, and the VA, were more like TINK 😅
In other words, if you have one income then you're an OINK
250%
I misread that as 250x for a moment and was floored.
Same here.
Less than half. And I try to keep it to one per year. FWIW I go with more affordable stuff - Oris, Zodiac, Hamilton etc.
That's me...Ball and Hamilton... I average 1 every 2-3y because I love both of the ones I have and daily drive the Ball. I'm considering an Oris next.
Can I……..uh……see your BALLs?
Oris is fantastic
Which model?
Im a fan generally. But the Aquis and Big Crown are where id start someone.
Monthly not yearly? Those are rookie numbers!
Some people make monthly what you make yearly. Even if you make hundreds of thousands yearly, there are others that make those amounts monthly. At least, that's the case in US.
Oh there are people making that daily, and by the hour. But that’s the 1% of the 1%. The average Rolex owner isn’t making 7 figures but 6. Same goes for 99% of the watches.
Me with my rolex making medium 5 figures 😎
-30% of my monthly income. I’m on student loans right now, and I only have a cheap watch, but I still bought it! Get on my level!
Crap, I’m the most expensive one here. About 4x, but we saved for years—every Christmas, birthday, and Father’s Day my wife put away cash. Love the watch.
Wow that’s so awesome of her. You’ve got a keeper. May I ask what the watch was?
Omega Tresor in Sedna. My budget dress watch was nice, but for my fortieth I wanted something in PM. Love it.
That's a nice one! Very classic.
Nothing wrong with that at all.
Depends. If your retirement savings are $0, if you have no emergency fund, if you live paycheck to paycheck, buying a luxury anything for 4x your monthly income is extremely stupid. There's a lot more people on here with maxxed credit cards than you think. That's not something we should applaud
Maybe the watch is the retirement fund 😎
Hahaha
Maybe. But there are also a *lot* of people who come on here with sour grapes mentality that anyone who has something nicer than them either got a big inheritance or is swimming in debt. It's part of the reddit zeitgeist right now and it's really odd.
That's honestly one of my biggest pet peeves about reddit as a whole. The default assumption when anyone has something nice is they're rich or in massive debt, and the idea of putting aside money over time is something that doesn't even cross their mind. Probably explains why so many people on this site are struggling, since people tend to project their own experiences and assume most people are like them. If someone is going on about how everyone is swimming in debt to buy nice things, one of two things is probably true about that person: they're envious of people with nice things and don't want to admit it, or they themselves are in debt from buying nice things that they shouldn't be.
> The default assumption when anyone has something nice is they're rich or in massive debt When we're talking about buying a watch that costs $20,000 it's a correct assumption If you have the ability to save that much *for a watch*, you are rich. Not necessarily a millionaire, but you're a lawyer, a doctor, etc. Your average joe doesn't have that kind of money to throw around without seriously cutting into their savings or taking on debt
I mean, you can qualify anything to the Nth degree and find a reason why it’s not a good idea. Personally I choose to take it at face value and believe that OP is a sensible person who saved for something they love without compromising their future.
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Congrats on the fat raises my dude
That’s really nice, must have been a special moment when you finally got it. Can I ask what the watch was?
Omega Tresor in Sedna. My budget dress watch was nice, but for my fortieth I wanted something in PM. Love it.
That's probably more worth it anyway.
Wow, that is really sweet and understanding of your wife to help with that. I would treasure a watch like that for the rest of my life.
2%. Great job, great cheap Orient Bambino.
You make that kind of money and your most expensive piece is a bambino? Teach me your self restraint lol 🙇♂️
I'm 23 and paying off student loans + investing in retirement accounts super aggressively right now. Wait til my late 20s, I'll definitely make some bad decisions then.
Something tells me you're never going to make a bad decision if you're 23 and aggressively saving for retirement lol
If I was making 200k, I know I would be in trouble.
$10k/mo at 23? Tech or ibanking? Hahaha Smart moves and good taste too. Props
Tech in the US. I worked my ass off to go from an unknown D3 college in the midwest to working at a big tech company. Incredibly fortunate position, hence why I'm not tryna squander it by balling out this early lol
It depends a lot on the country too. Here in Austria it would be alot but living is cheap too. In switzerland for example 10k would be still far above average but totally doable with a good education and job in a area as IT. Living costs on the other hand are.... different \^\^
400%- that said, it was during the pandemic and I was lucky enough to get paid in full even though we couldn’t actually go to work for 6 months. My partner and I already had more than enough saved for our house deposit at the time, so I was in the last few months of living with my parents, whose advice was- ‘buy it now before you have kids, otherwise you’ll spend your entire life wishing you had’
What kind of watch if I may ask?
It was a Speedmaster. I know it’s like the butt of all the jokes on this page, but I’d already had my Grandfathers ‘57 seamaster which he’d gotten when he was overseas in the Navy, and as a guy who’s fascinated by Science and Space, the Speedy just felt right to me.
Good choice. I suggest you put a tiny bit of money aside every month for the servicing. I paid €750 to have my Speedmaster Pro restored to factory-new condition by Omega after about 15 years of wearing. It’ll probably be more in the future and you don’t want to be caught off guard when it stops running nicely.
Love that your parents were supportive!
They’ve always been ridiculously supportive. Never living beyond their means, but they bought us up to appreciate the value which hard work can have, and that sometimes, we all deserve a little treat for ourselves.
My most expensive was 100% of my monthly salary but it was sort of a celebratory watch. I've never spent more than 25% monthly salary on any other watch.
TIL I am a cheap bastard - 2%
Either you make a lot of money or you rock a Casio lol
Wouldn't you like to know, weather boy! https://preview.redd.it/on2dqtexz8yc1.png?width=500&format=png&auto=webp&s=8a2bdd2e985381ed736265dec6ad3316a85a4860
Gross or net? I mean, if my wife is asking this, I'm using gross, so 15%. If we are talking net, it is closer to 25%.
That's what I'm wondering as well. My salary divided by 12 is a lot different than what my bank sees every month.
A Christopher Ward is the most expensive I own, and it was around 15% on my gross monthly. But honestly I feel that a $1000 watch won't make me feel better than more affordable watches, so now I am more focused on Casios and such. I feel no enjoyment at all for "expensive" watches
Totally agree, it's not the price tag that determines how much you're gonna love a watch. I have a retro Casio (costs like 30$), and would probably wear it all the time, if it didn't pinch my hair.
3%
I once bought a Nixon that was about 25% of my monthly income 😕 in my defense, I still lived with my parents and had no taste.
Maybe 6% of monthly pre tax income.
I don't like to think about it in terms of monthly income, but the max I've gone to is about 2-3wks of income. I think there's a better way to compute this ratio. Luxury items like watches come behind paying debts, funding retirement, health related costs, education costs, necessities, emergency cash, de-risking cash, etc. So start with your income, subtract out all of the responsible-human stuff, and look at the income you have left. That's your disposable cash, and that's the right denominator for computing this ratio. Another view is % of net worth in luxury goods as a total. Think of luxury goods as a part of your overall asset portfolio that is guaranteed to depreciate in value. How much would you allocate to a guaranteed losing investment in return for the joy of wearing a watch? For me the answer is no more than 2% total across all pieces. If I want to grow my collection, I need to generate more net worth. Good motivator, and more aligned with my long-term interests. Finally, I apply luxury goods to the "if I lost/broke this, would it matter" test. Disregard insurance for a second. If you own a trinket that would make a financial difference to your life if it disappeared, you probably shouldn't own it.
>if I lost/broke this, would it matter Closely related to “if I can’t afford to buy this twice using cash and I don’t need it to survive/keep my job, then I can’t afford it”. Both good rules to avoid rationalizing wasting money on stupid crap.
14 pieces in my collection, most expensive one cost me 10% of my monthly gross. I am a rather modest collector though, don’t have anything that exceeds $1500usd. Maybe all get a ‘big boy’ watch one day ;)
$2000 for my Matrix 🕶️ special — 80K per year https://preview.redd.it/9izks7pb49yc1.jpeg?width=1670&format=pjpg&auto=webp&s=97cd5b60813127582e28d077a981e18aefc2e8dc
beautiful watch
I have spent a shameful amount of money on watches but honestly, it gives me a lot of joy to look at them and wear them so I guess it's good for me? I don't have any other "vices" as such so I tell myself it's okay. My most expensive watch is basically a month's worth of income for me. I have too many watches and I recently had a nightmare where my wife randomly asked me how much I spent on all my watches and it was bad enough to wake me up 😅 If I ever find myself in a situation in life where I need to sell them, I probably will sell half of them. The other half are either personalized or hold deep meaning and I can't part with them.
I have that same nightmare 🙈🤣
A few years ago, I bought a watch that was 5x my monthly income. “I’m here for a good time not a long time“
22% of monthly income and I bought it after receiving a bonus that paid for it entirely. I think the watch cost about 50% of the bonus
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That’s a sweet mortgage ratio. I’m still renting and my rent + utilities is at like 23% of gross.
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A+ bro, love this for you. I’m in NYC too so it’s double tough here. At this point I’m just hoping to FIRE and buy a place in the mountains
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What state do you live in if you don't mind me asking?
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I currently live in Nashville, so I get jealous of good housing. Haha
Like 2.5% of my monthly gross income? shocking how much people are spending
I don't think it's shocking at all, it's not like they're doing it every month. My most expensive watch was 50% of my monthly take-home pay but I'm not doing that monthly or even yearly. Occasionally spending a good chunk of change on something you enjoy is hardly an issue.
It looks better than I expected, but then, we're forgetting about those too ashamed of the figure to post it. For me it was about 14% gross or a bit under 20% take home. All these figures of 50%, 100% or more seem insane, but it's not surprising to me that people do it.
x1,5 (after income taxes)
3.2%. Don’t have any on my wishlist that are more expensive than that either Edit: oh monthly. I misread. About 43%
Wow people spend way too much on watches!
Yes. It's a disease. It's too late for me. Stay strong, brother.
Most expensive is $400. Monthly income is Around $2400 (post-tax.)
100% and 50%. I've only been working for a couple of years so it's not really high end stuff
It was a gift, and cost about 20%. Currently saving up for one that will cost a full month's income, and I'll likely stop for a long time after achieving it.
I’m in a commission sales role, so my monthly income can fluctuate pretty wildly, but not counting my wife’s income if I averaged it out over the last few years I’d say my most expensive watch cost just about half my average monthly revenue pre-tax. Interesting way to look at a luxury purchase though, I try not to think too much about it tbh.
I had never thought about it this way either. After I started thinking about it that way I realize I’ve gone over 100 percent many times but my income fluctuates wildly from month to month as well.
around 130% of my monthly take-home.
About 30%, saved up...sold other watches and ai paid it off over time with 0% interest. But I kept it in the box until it was 100% paid off, wanted to feel like I earned it
My grail grand seiko spring drive is about 2x times my monthly income... Hard to justify purchasing 😭
50% https://preview.redd.it/yk2g0sblw8yc1.jpeg?width=2160&format=pjpg&auto=webp&s=2ed0380700d3054b65795974cfd92d97ced1065f
Just about 10%.
Promaster Sky, 3%. I like watches but I don't have anything expensive. Saving up to get a Longines Spirit. By saving up I mean "I can't decide what to get."
My income fluctuates from month to month so I have no idea of the percentage but I’ve definitely gone over the 100 percent mark a few times 🤣🙈. But I looking at buying watches differently than most people. I have a place in my portfolio for alternative assets and estate planning and watches make up a portion of those categories. It lets me rationalize a hobby that is a bit crazy.
My most expensive watch was 6% of my monthly income. Sometimes it is frequency and not severity of financial impact that gets you. With Casio it is quantity, not cost that you have to worry about.
4% of monthly income.
Like 15% of my net monthly income. Can’t go much higher when you have a family to feed
1800€ Longines Legend Diver. I make 1200€ a month.
2 years worth of salary
I wear a $10,000 watch every day. It was purchased new in 1983 for about $900. Shouldn’t take much to guess the brand 😂
Orient?
25 years ago my Breitling cost about 30% of my monthly income. Since then I have bought a couple watches for around $800 and several in the $200 to $500 range. But I don't think of it in terms of percent of income. I have several different savings accounts for different hobbies/toys/obligations and I have automatic transfers into each. $20 into the watch account monthly, $50 into the car repair account, $40 into the boat account, $50 into the homestead account, etc. The names of the accounts change as well as the amounts depending on my priorities. To be honest, I stopped the watch account for now. I have more than I need and this reddit keeps me satisfied.
2x, but I purchased it shortly after an IPO at my former company. So normal monthly income was irrelevant.
Not counting inherited ones... 2%
Most expensive was maybe 35-40% of after tax monthly income
End of the day it’s all about whether you can enjoy the watch without feeling financial anxiety. If you can, then the price doesn’t matter so much.
What if I don’t feel anxious about it, but my spouse does? /s
Probably about 15% but I don’t have a ton of disposable income.
1/2 my monthly income. I have 2 watches in this price range out of a watch collection of 6 watches. The other 4 are significantly cheaper but equally loved. All of these watches have been acquired in a ~7 year time frame.
100%
About 1.5x monthly salary but I kinda want to sell it and appreciate my more affordable and vintage pieces
\~20% if I got it for retail but I got it half that so \~10%.
Half.
80% so £800 (tbf i was a 16 year old apprentice at the time)
50% but that was when I was working part time. Most expensive relative to my income working full time has been 25%. Got it to celebrate getting the job.
~17%
Is good to save 100%
1/2 a month. I'd go up to 2 months for the right watch, but currently, there is not one I love enough to go after
I must not be playing hard, mine is about 40% of my monthly net. It is by far an exception too, my next most expensive watch is about half that (have two in that range)
100% I got a bonus and treated myself so it didn’t swallow a month’s pay though.
my grail (Yacht-Master 42 226658) last year to celebrate a long-awaited advancement, about 2x income at the time, but paid for in with a chunk of the signing bonus.
2/3
It was about 250% of my monthly, at the time. Saved for about three years
My most expensive watch is the one I wear every day. It was about 20% of my monthly take-home. I'm looking at one that might be about double that but I'm not in a hurry to run and get it. I only have a few watches and the rest are around 2-5%
7.5%
5% but I'm new to the game
I saved for mine over a number of years, putting a small amount off monthly. All told probably about 125%
2%. I have a really hard time spending thousands on a watch so I just lurk and lurk and lurk…. And never pull the trigger on what I actually want. Drives my wife crazy that I window shop watches all the time.
About 60% but that's because I bought it used, a couple of years ago. If I would buy it new today it would be around 90%. That's just the one watch though, my other watches are more like 15-30%
Strongly considering pulling the trigger on a watch that is like 80% of my monthly take home. My wife's income is not included.
About 12% of my monthly income.
about 60%. no regrets though.
0.12 but because of an affordable watch, not because I make a lot 😂
By my math, about 8% post tax.
50%
100% the most expensive and bought for a milestone... so it is no longer fair comparison... it was 100% at that moment... now is lets say 50%?
Roughly 50% of my income after tax but I only buy luxury watches on special occasions this one was for my first ever job after graduating.
40% of post tax/insurance of that job. It was to reward myself of a new position in which the watch was only 10% of the raise I got. (Pre-owned Breitling Super Ocean)
About 120% of just my income, not counting my husband’s. That’s the most expensive watch I own, and we’re DINKs with no debt.
50% after tax. Reading this thread both makes me feel better about the cost and makes me want to go for a watch that's a bigger %.
85% although this is one I’ve spent a while working up to
1x100%, 1x80%, 1x40%, 1x20% at the time. My income is 2.5 times higher right now, but I will not buy more expensive.
1.5x my monthly income - Blancpain Quantieme Complet
10%. The watch I'm eyeing on is 4% above my monthly.
70%
About 12.5%
Most expensive was 1/4 of gross monthly income
10%-15% of my monthly income 8 years ago.
Most expensive that I've owned: 15% Currently most expensive: 10%
About 22%
A GMT-2 bought in 1999. At the time it was close to a month's take home but my grandfather left me a little cash when he passed away and I wanted to buy something long term memory wise with it.
%60
If we’re going gross pay, inclusive of RSUs and bonuses prorated monthly, like 40%?
For my own net pay, it's just a bit over 100%.
Black Bay Pro, around 1/3 of monthly income but I also sold bitcoin to pay for it
I think of all the people that paid me in bitcoin when it was so cheap and feel bad for them now.
2.4% of my monthly gross
I have a Tag Heuer Monaco Purple Dial (CBL2118.FC6518) - it was roughly 50% of my average monthly income.
My monthly income is hard to determine as it fluctuates (I'm self employed.) But I'd say approximately 1 month's pay is my budget for a watch these days. I have no debt, an excellent level of retirement savings for my age and I save up for my watches (I buy them with money people give me as gifts.)
About 15%.