BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Watches
 
Steve Thomas BMW
View Poll Results: What percentage of one's monthly income should one spend on a luxury watch?
<1% 16 36.36%
1-5% 7 15.91%
5-10% 9 20.45%
>10% 12 27.27%
Voters: 44. You may not vote on this poll

Post Reply
 
Thread Tools Search this Thread
      11-21-2013, 07:47 AM   #23
mikew2069
Major
mikew2069's Avatar
22
Rep
1,314
Posts

 
Drives: F30 335i MSport
Join Date: Oct 2012
Location: Houston

iTrader: (1)

Quote:
Originally Posted by se15679875 View Post
1% seems a little low, I agree.

To be honest I think 10% is probably a reasonable figure. As much as it pains me to say this (because it kills me to see the middle class overextend themselves and thus mitigate any possibility of achieving financial freedom) I can conceivably see someone making $100k or $120k buckling down and dropping $1000 on a lower end luxury watch as a one time thing.

$5000 watches are reserved for the ~$500k/year range, which also seems reasonable to me.

And so on and so forth.

10% is a good number, imho.
I think you can spend more like 50% on a one time investment on a nice timepiece that youre going to wear your whole life. I make far less than 500k and I wear a $5k watch and I didn't overextend myself to buy it.

It's all relative. I think it's crazy that people blow money eating out twice a day and wast their money on small things and intangible things. I save and invest so I can have nice things if I want them and still live debt free.
__________________
2013 F30 335i ///M-Sport
Forgestar/Challenge/BMS JB4
Wagner/Evo Race/M-Performance
Appreciate 0
      11-21-2013, 09:33 AM   #24
bmw1racer
bimmerphile, technogeek
bmw1racer's Avatar
United_States
28
Rep
2,056
Posts

 
Drives: 2012 128i Coupe 6MT Sport
Join Date: Jun 2011
Location: SoCal

iTrader: (0)

Garage List
Quote:
Originally Posted by Racer-X / 6'er View Post
+1
If you have to "budget" for a toy, you have misplaced priorities. Not being rude, if you want a fine piece of jewelry, by all means get it. The fact that you have to ask this question implies that you are shopping outside of your means.
+1.
__________________
Appreciate 0
      11-21-2013, 09:37 AM   #25
LAZ
OneThirty5Eye
LAZ's Avatar
United_States
5
Rep
214
Posts

 
Drives: 08' 135i Coupe
Join Date: Dec 2012
Location: San Antonio, TX

iTrader: (0)

0%
__________________
JB4 G5//BMS DCI//BMS 3" CATELESS DP//BMS Meth Kit//BMS Backend Race Flash//Alpina B3 Flash//
Walbro 450lpfp//Yokohama SDrive//BMS SLD//N55 Midpipes//Vibrant Performance Resonators
Appreciate 0
      11-21-2013, 09:49 AM   #26
ronmeister
Private
ronmeister's Avatar
0
Rep
83
Posts

 
Drives: 11' 335i Xdrive
Join Date: Sep 2010
Location: Canada

iTrader: (0)

WTF
Appreciate 0
      11-21-2013, 10:15 AM   #27
nullrouted
Studying...
nullrouted's Avatar
United_States
8
Rep
861
Posts

 
Drives: AW '13 E92 ZCP 6MT M3
Join Date: Apr 2013
Location: North Central Florida

iTrader: (0)

This is one of the dumber threads I've ever seen here, some trust fund baby that can't even afford an M-car asking us if we think certain watches are too opulent...and then telling us he ISN'T EVEN IN THE MARKET for a watch.

0/10 would read again.
Appreciate 0
      11-21-2013, 10:46 AM   #28
originalgoods13
Second Lieutenant
Canada
3
Rep
238
Posts

 
Drives: 2014 X5 xLine, 2015 M3 soon
Join Date: Oct 2012
Location: Calgary, Canada

iTrader: (0)

Buy the watch that you like, if you can afford it and not extend beyond your means
__________________
2014 X5 xDrive35i xLine
2010 335i coupe ZMP, PPK1 (SOLD)
Appreciate 0
      11-21-2013, 10:54 AM   #29
originalgoods13
Second Lieutenant
Canada
3
Rep
238
Posts

 
Drives: 2014 X5 xLine, 2015 M3 soon
Join Date: Oct 2012
Location: Calgary, Canada

iTrader: (0)

Quote:
Originally Posted by chris s View Post
These guys get it!
I agree, it is funny because ppl here are willing to spend 2k on exhaust and 4k on wheels where areas they cannot treat themselves to get a watch worth 10% of their monthly income

You'd have to be in serious debt if you cannot afford to spend 10% of your monthly income on a piece of jewellery.
__________________
2014 X5 xDrive35i xLine
2010 335i coupe ZMP, PPK1 (SOLD)
Appreciate 0
      11-21-2013, 12:07 PM   #30
HondaGoneRogue
They like my Swag...
HondaGoneRogue's Avatar
55
Rep
3,567
Posts

 
Drives: 08 AW 135i
Join Date: Aug 2008
Location: Germany

iTrader: (4)

Garage List
2008 135i  [4.33]


I wanted it, so I bought it. No one knows or has ever asked how much it is. Guess how much of my income it was? None of your damned business lol.
__________________

2008 AW 135i, Whats a mod?
Appreciate 0
      11-21-2013, 01:38 PM   #31
F32
Banned
7
Rep
688
Posts

 
Drives: BMW
Join Date: Jul 2013
Location: SF

iTrader: (0)

Quote:
Originally Posted by HondaGoneRogue View Post
I wanted it, so I bought it. No one knows or has ever asked how much it is. Guess how much of my income it was? None of your damned business lol.
Only poor people ask how much a watch is on your wrist. They'll have the same reaction if you say $500 or $5,000.
Appreciate 0
      11-21-2013, 01:48 PM   #32
grimlock
Lieutenant Colonel
59
Rep
1,811
Posts

 
Drives: F10 N52B30@255PS
Join Date: Sep 2010
Location: Hong Kong

iTrader: (0)

Why is everyone from H.K. a tool?
Appreciate 0
      11-21-2013, 04:49 PM   #33
Myrder
Major
Myrder's Avatar
United_States
19
Rep
1,046
Posts

 
Drives: 2010 E92 335i MSport 6MT LMB
Join Date: Apr 2013
Location: WildWest

iTrader: (1)

I got one of those cheap automatic watches (think invicta). I only wear a watch when I feel like it so that's about 4-5 times a month. Thing works, tells the time.

I've even got compliments on it lol. I guess you have to be a watch person to want a really nice one. I can respect the idea of nice watches just don't see myself getting one anytime soon.
__________________
2010|335i|LMB|E92|6MT|MSport|Logic7|335is Clutch|AE Performance|BMS|Walbro|VRSF 7"|
1992|Pontiac Firebird|Mild 355ci|T56|
2001|Camaro Z28|T56|1/4: 12.9@111 (gone)
-I will look on your treasures, gypsy. Is this understood?-
Appreciate 0
      11-21-2013, 05:12 PM   #34
1MOREMOD
2014 Track Days - 11|Ridge 1:52:24|Pacific 1:35:72
1MOREMOD's Avatar
United_States
172
Rep
12,940
Posts

 
Drives: Race car->
Join Date: Mar 2009
Location: check your mirrors

iTrader: (5)

Quote:
Originally Posted by grimlock View Post
Why is everyone from H.K. a tool?
uh have you checked your stats?
__________________

02 Tiag e46 M3|6MT|GC plates|MCS c.o.|GC bars|GC race control arms|GC bushings|BW eng. & tran. mounts|subframe kit|BW race shifter|BW Jaffster|Euro header|BW exhaust|K&N c.a.i.|Epic race tune|Rouge pulleys|Seibon CF hood|CSL bumper|ST-40|XR-2|SS lines|half cage|Recaro profi|Profi 2 harness|BMWpedals|BW studs|
Appreciate 0
      11-21-2013, 05:43 PM   #35
David70
First Lieutenant
United_States
3
Rep
369
Posts

 
Drives: '06 Z4M Coupe
Join Date: Apr 2012
Location: Cincinnati, OH

iTrader: (1)

As someone that doesn't care much about watches I used to never open these threads. Now that I understand what is being discussed I am much more interested. Nothing better than having random people tell me what level of watch I should buy based on my income. I used to get this information at the mall.
__________________
2006 Z4M Coupe - Stromung exhaust, ZHP knob, stubby antenna, clutch delay delete
Appreciate 0
      11-21-2013, 07:14 PM   #36
1MOREMOD
2014 Track Days - 11|Ridge 1:52:24|Pacific 1:35:72
1MOREMOD's Avatar
United_States
172
Rep
12,940
Posts

 
Drives: Race car->
Join Date: Mar 2009
Location: check your mirrors

iTrader: (5)

Quote:
Originally Posted by David70 View Post
As someone that doesn't care much about watches I used to never open these threads. Now that I understand what is being discussed I am much more interested. Nothing better than having random people tell me what level of watch I should buy based on my income. I used to get this information at the mall.
your expanding your horizons and becoming a proper consumer so the country can survive. now go watch some commercials.
__________________

02 Tiag e46 M3|6MT|GC plates|MCS c.o.|GC bars|GC race control arms|GC bushings|BW eng. & tran. mounts|subframe kit|BW race shifter|BW Jaffster|Euro header|BW exhaust|K&N c.a.i.|Epic race tune|Rouge pulleys|Seibon CF hood|CSL bumper|ST-40|XR-2|SS lines|half cage|Recaro profi|Profi 2 harness|BMWpedals|BW studs|
Appreciate 0
      11-22-2013, 10:43 AM   #37
originalgoods13
Second Lieutenant
Canada
3
Rep
238
Posts

 
Drives: 2014 X5 xLine, 2015 M3 soon
Join Date: Oct 2012
Location: Calgary, Canada

iTrader: (0)

Quote:
Originally Posted by David70 View Post
As someone that doesn't care much about watches I used to never open these threads. Now that I understand what is being discussed I am much more interested. Nothing better than having random people tell me what level of watch I should buy based on my income. I used to get this information at the mall.
__________________
2014 X5 xDrive35i xLine
2010 335i coupe ZMP, PPK1 (SOLD)
Appreciate 0
      11-22-2013, 11:00 AM   #38
RR-NYC
Second Lieutenant
3
Rep
243
Posts

 
Drives: 2011 E90 M3 ZCP
Join Date: Oct 2013
Location: NYC / Miami

iTrader: (0)

I don't think % to income is as important as what you're comfortable paying without it impacting priorities
Appreciate 0
      11-22-2013, 01:13 PM   #39
Rookie84
Private
1
Rep
76
Posts

 
Drives: '13 Chevy Caprice
Join Date: Sep 2013
Location: Seoul, Korea / Jeddah, KSA

iTrader: (0)

This thread is fucking stupid. There is no other way to put it.

Maybe I should start a thread asking how much % of monthly income can be spent on a computer, cell phone, clothing, blah blah blah.
Appreciate 0
      11-22-2013, 01:54 PM   #40
NemesisX
Captain
18
Rep
874
Posts

 
Drives: '08 335i
Join Date: Jul 2009
Location: TX

iTrader: (0)

This topic is now about bubble gum.

What percentage of your income should spend on a pack of bubble gum?

A) < .00000001%
B) .00000001-.00000005%
C) .00000005 - .00000010%
D) > .00000010%

IMHO you should be making a gazillion dollars per year if you want to buy a pack of Big Red for 99 cents. I can conceivably see people making a trillion dollars per year MAYYBE overextending themselves and buying a pack of wrigley's for 50 cents but that's stretching it.



Appreciate 0
      11-29-2013, 01:33 PM   #41
jlspeed29
Major
jlspeed29's Avatar
68
Rep
1,169
Posts

 
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

iTrader: (0)

Garage List
2008 335 coupe  [4.00]
lol... z4
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamica-amg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats

A fisherman always sees another fisherman from afar
Appreciate 0
      12-04-2013, 12:52 PM   #42
filip75
Facetious
filip75's Avatar
United_States
16
Rep
505
Posts

 
Drives: '15 AW M4
Join Date: Nov 2013
Location: San Antonio, TX

iTrader: (0)

Quote:
Originally Posted by Rossifumi View Post
So if someone's dream is to own a Rolex and saves for it for years you would call that tacky? I would call it dedication!

Stupidest thing I've heard this week! You wear a watch because you like watches and that model. Not to impress someone else or show off your "wealth".
I picked up my first Rolex when was in the military and was getting paid $4,000/month. It took me quite some time to save for it, but it was so worth it. It was a pre-owned GMT-II with black steel bezel and I paid $3,800 for it.
__________________
Current: '15 BMW M4 (6MT, full options), '08 Suzuki GSXR 1000; '08 HD Street Bob
Previous: '06 BMW 330Ci; '06 Mercedes CLK-350; '04 Acura TL A-Spec; '95 BMW 318ti; '92 Mercury Cougar; '94 Honda Accord
Appreciate 0
      12-04-2013, 12:55 PM   #43
filip75
Facetious
filip75's Avatar
United_States
16
Rep
505
Posts

 
Drives: '15 AW M4
Join Date: Nov 2013
Location: San Antonio, TX

iTrader: (0)

Quote:
Originally Posted by filip75 View Post
I picked up my first Rolex when was in the military and was getting paid $4,000/month. It took me quite some time to save for it, but it was so worth it. It was a pre-owned GMT-II with black steel bezel and I paid $3,800 for it.

But really, there is no percentage of salary. You buy what you want to own, and if you are smart, you can even make money on it down the road.
..
__________________
Current: '15 BMW M4 (6MT, full options), '08 Suzuki GSXR 1000; '08 HD Street Bob
Previous: '06 BMW 330Ci; '06 Mercedes CLK-350; '04 Acura TL A-Spec; '95 BMW 318ti; '92 Mercury Cougar; '94 Honda Accord
Appreciate 0
      12-04-2013, 04:49 PM   #44
kennyfrc
First Lieutenant
kennyfrc's Avatar
4
Rep
372
Posts

 
Drives: 2008 Z4MC
Join Date: Aug 2010
Location: ATL GA

iTrader: (1)

My cell phone has a clock…..
__________________
Toy: 2008 Silver Z4MC 300WHP/241TQ

Mods: OEM Euro Headers, RPI Scoop

Daily: 2010 Tacoma Double Cab
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 07:17 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST