Obviously we all have our own circumstances, so I’m generally wondering: there is a difference between the watches we dream of and the watches we wear.
When I wear mine, I need to be not too flashy for clients while keeping it professional. I earn $105k as a middle manager in wealth management (MCOL), and the nicest watch I own is an Omega Seamaster ($5.9k).
Affordability aside, I’m weighing how much “nicer” of a watch can I get without “out-wearing my wage”.
I’d love to hear how others have approached this intangible; I can make my own decisions just looking for anecdotes.
My rule of thumb is max 10% of my savings and not my wages to spend on a watch. Patek is still not even in the neighborhood of the Milky Way to be added to my collection.
You’re the first person to give a rule of thumb 😂 even though our circumstances are different i appreciate hearing your approach!
I have a colleague that wears a gold Rolex listprice eur 24.000 and he is just a sales assistant. Talk about out-wearing his wage.