.笨 小 孩.;102151369 said:
My own opinion, if one need to scrimp and save and give up almost every other thing in life just to get a (rolex/ luxury) watch, it just mean you are not financially ready yet.
I would actually advise against doing that.
Watches are lovely but if you miss this one, there's probably still a next one available down the road.
Lol so sad. Have to save like mad Haha. Saving for a watch is no no no.
Spend on needs. Watches are wants. Buy when you can afford.
housing is a need.
BUT very few can afford to purchase an apartment, much less landed property, without a bank loan. so who's financially ready for that commitment without a regular job and savings? AND when you realize the usurious amount of interest you cough up over a 25 yr loan, you'll vomit blood.
my back of the envelope calculation show how a salaryman can comfortably afford a luxury watch with discipline and delayed gratification. for those so inclined to factor in time value of money and interest etc, hey, go knock yourselves out.
all purchases ought to be planned and budgeted so it can be realisable without going into debt unncessarily. so - how to "afford" when one isn't "saving"?
and if that to you is scrimping and giving up almost every other thing in life, i wonder what your lifestyle is that's soaking up all your income, and what "planning" & "budgeting" means to you.
to some, a luxury watch that can hold or even appreciate its value in the long run is a prudent purchase as one can derive pleasure and satisfaction from owning & wearing it and can readily liquidate it to almost break even, effectively enjoying the item for very little rent.
a lifestyle devoid of frivolous money-down-the-drain activities like clubbing, drinking, gambling, visits to the brothel and other illegal vices will go a long way in freeing up one's income for more profitable pursuits.
just my honest & sincere opinion. cheers.
