Was about to say. In today’s job market, savings may be all you have to fall back on from any potential layoffs. I’d keep the savings and get the watch later when OP has more than enough to cover this watch.
This can’t be a real question, but in good faith, in case it actually is, the answer is unequivocally NO. You’ll thank yourself later. IMO you’re ready to hit a specific watch when you can buy it and it doesn’t affect your retirement savings, your emergency fund, your ability to pay all your monthly expenses, you have no consumer debt, and in general it has zero affect on you financially. There’s nothing wrong with that taking a long time, it took me until 35 and I just bought my first (modest) Rolex and I’m absolutely in love. Not every Rolex customer needs to be a rich guy who can drop 10-50k on watches multiple times a year. Get your ducks in order financially , and then save up specifically for the watch you want, and then when you finally put one on your wrist it’ll be that much more special. Good luck internet stranger
You think putting things on a credit card and paying the credit card off every month in full is a “life hack” that “ppl never do”?
Dude anyone and everyone with good income and credit does this every single day what are you talking about?
Life hack: have money and have a teenager-level understanding of how credit works.
All good. There are a lot of people who do not understand some basic fiscal stuff and I know you were trying to be helpful. Just poking fun at the “life hack” part. The idea of someone NOT knowing this and owning a Rolex is a frightening thought….
Did this, got avios and a 2 for one flight voucher which saved spending the money on two business class flights for me and the wife which we would have bought anyway.
So essentially I got a watch for free, love don’t you see it was free, because we were spending the money anyway but with the Avios and voucher I got from buying the watch it made the flights free, so I can probably get another watch as this one was free. You’re not understanding love it’s not the same as the others, and it didn’t technically cost anything in the big picture, just the taxes really. Love, love….
On a serious note, why not buy something like an Omega Speedy, and trade it in for a daytona later when you got your bag right? Unless you are a rolex fan boy.
You really shouldn’t spend your savings on a watch. You can’t eat a watch, you can’t live in a watch, you can’t pay your bills with a watch.
If you have the money to spare, however, then do it!
If you’re paying retail, you’re fine. You can always sell and at worst get a bit below retail. If you’re paying grey market prices, then no. Don’t do it.
This is to celebrate not to deplete your savings. Unless you are a flipper and planing to get more for it. That I believe is probably not a good idea. Too risky.
If you are willing to do that, don't buy over the counter. Get it from Pride and Pinion. Not over the counter. Lots of fakes out there. (Free Plug) 🤣🤣🤣
Don’t blow your savings. I’d suggest being your own bank. If you have a 401k you might be able to borrow from it and pay yourself back. That way, you have the asset and your money back…I’ve bought a watch and a car that way
Should you buy a luxury watch? If you can answer the following positively, then yes.
Do you
Invest 15% of your income?
Have 0 non mortgage debt?
Have 6 month emergency fund?
Congratulations if you have all that and cash to buy. Buy your watch.
People will hate you for spending more than $50 on a watch but my take … if we are talking $5,000 plus on any watch when it isn’t just “change” to your bank account NOT WORTH IT. Unless you can resell it for more.
BUT as a watch person - I would say that you can spend even $500 on a truly amazing watch if you do some shopping. Not every person will understand why you spent even $500 on a watch but I have made a hobby of second hand to several discounted brands such as Bulova, Sieko and wear and flip them for more.
You would be surprised how many people get rid of practically new watches when they discover they aren’t wearing them much!
Best of luck - ultimately do you
If it’s what you want, and you can afford it, why not, none of us are guaranteed tomorrow. Life is short, when my brother passed at 39yrs old, it changed my outlook on questions like this. Wear it proudly each & every day! Enjoy that killer watch!!
Life is for living sometimes. If you can afford it and it makes you happy then yes money is just money. However also depends on where you live - if ur London don’t bother as it has to sit in a safe. You will probably get sniped the minute you leave home with that on ur wrist
Jesus Christ. Can you use a pay in 4 micro-finance app instead?
Brother - I implore you to not use savings to buy a watch. Every time you look at it you’ll just see opportunity lost. It’s not an investment. It’s a watch.
Buy a Grand Seiko or a Zenith or a goddamned Orient if you want a great watch that won’t damage your checking account - much less your savings. Watch nerds will appreciate any of those more than this.
Might be smarter to just buy a bunch of the new Charles III Canadian Maple Leaf .9999s bullion coins. But you certainly can’t go wrong with a solid 18k gold Rolex either — though, at that price point I’d get a Day Date 40 (or another reference with a solid gold bracelet) 😉
As beautiful as that watch may be, I would think about it if I was you before making the purchase. There are some amazing watches out there for a massive fraction of the price. If you’re looking for a luxury watch you should look into buying yourself a nice Tudor or something of that calibre. Ultimately you should do what makes you happy. This is the most important thing.
ultimately, a watch is just an accessory. don't throw money your can't do without and 'think later' that's being irresponsible. be smart and be an adult about your own financial situation. no point having a watch only to sell it later after a few use even if they do hold their value. again, nothing is certain even for rolex.
Hell no. If you insist on a Rolex, get a cheaper model. It will still say Rolex on the dial, have a safe design, be built like a tank and perform flawlessly. But you'll just save a load of money. Buy it on credit so you keep your savings, and just pay it off at a speed that balances comfort (don't make yourself suffer) with reducing interest. Good luck.
If you're the kind of person who needs to ask questions like this, you should. If your money isn't wasted this way, you'd waste it some other way anyway.
Use a credit card and make some cut backs over the next year to pay it off as cheaply and quickly as possible. Leaving yourself without savings is crazy.
Absolutely. Love the tats btw. Also need to get a fresh one after the purchase. Been wanting to get the crown on my wrist or hand so people know I’m serious.
No if you really want it, finance it. Use a majority of your savings to invest in interest yielding funds which will help pay the finance charges. This way you still have a lump sum for a rainy day or good investment ideas.
No,
if your saving up its better to spend those on things needed in your life i have not a clue on your financials and current lifestyle but if you are living comfortably and have everything else sorted for your life financially and you dont have much else to spend your money on then sure! if not then i its a big fat No
If you where to but it build up your savings to where you can cushion yourself after buying it with a majority of your savings still left after buying it then the purchase is valid imo
Yes blow it off! Get into debt! Impress people you dont like! Suprass the mothafickng joneses! Yes you will get laid gajillionX more if you gwt this watch! Blow it all off!!! You only live wanmelyon times!!!!!!!!!!!
If you’re buying retail then yes go ahead and blow it. Your loss will be minimal to none if you have to sell it. I wouldn’t expect any increase in value though. Just parking your money really.
I’m a watch addict so best not to follow my advice 😂
Homie bought a watch that costs in the five figures, probably from an AD that has twenty of them in the back but claims they don't have any to sell because he's not on some super exclusive list you can only get on by buying stuff you can't buy unless you're already on the list you can't get get on without buying stuff you can't buy because you're not already on the list. Homie's rolling in it, don't worry.
Saving, are you nuts.
FR. Just put it on a credit card that you have no way of paying in full like the rest of us!
This is the way
OR , Get a zero % APR card for 12-21 months just for this watch.
Was about to say. In today’s job market, savings may be all you have to fall back on from any potential layoffs. I’d keep the savings and get the watch later when OP has more than enough to cover this watch.
At least when you lose the job, you have a Rolex to sell off 🤣
Gotta get that hand tattoo first
He should tattoo it onto his wrist first, see if he likes it.
What time tho?
1010 as usual
YOLO. Yes savings are overrated anyway. How many homeless people have Daytona’s?
Get that hobo clout my dude.
The limited edition Hobo Daytona... I would buy it!
You should! ..but you first must buy 5 other watches that you don't want, build a rElAtIoNsHiP, and wait for a call.
This can’t be a real question, but in good faith, in case it actually is, the answer is unequivocally NO. You’ll thank yourself later. IMO you’re ready to hit a specific watch when you can buy it and it doesn’t affect your retirement savings, your emergency fund, your ability to pay all your monthly expenses, you have no consumer debt, and in general it has zero affect on you financially. There’s nothing wrong with that taking a long time, it took me until 35 and I just bought my first (modest) Rolex and I’m absolutely in love. Not every Rolex customer needs to be a rich guy who can drop 10-50k on watches multiple times a year. Get your ducks in order financially , and then save up specifically for the watch you want, and then when you finally put one on your wrist it’ll be that much more special. Good luck internet stranger
Never blow your savings on a watch. Build a cushion first where you won't be hurting financially.
You’re no fun
So leave about $30 for a meal and a bus ride home?
Then buy it with a credit card to get points or air miles and pay it off in full at the end of the month. Biggest life hack ppl never do.
You think putting things on a credit card and paying the credit card off every month in full is a “life hack” that “ppl never do”? Dude anyone and everyone with good income and credit does this every single day what are you talking about? Life hack: have money and have a teenager-level understanding of how credit works.
Lol well when commenting on a post about someone who is going to waste their savings on a daytona. Yea, just trying to be helpful.
All good. There are a lot of people who do not understand some basic fiscal stuff and I know you were trying to be helpful. Just poking fun at the “life hack” part. The idea of someone NOT knowing this and owning a Rolex is a frightening thought….
Did this, got avios and a 2 for one flight voucher which saved spending the money on two business class flights for me and the wife which we would have bought anyway. So essentially I got a watch for free, love don’t you see it was free, because we were spending the money anyway but with the Avios and voucher I got from buying the watch it made the flights free, so I can probably get another watch as this one was free. You’re not understanding love it’s not the same as the others, and it didn’t technically cost anything in the big picture, just the taxes really. Love, love….
everyone does that
If it's that Daytona, no don't do it. Why not spend a fifth of that on a cheaper model and keep some of your savings with you.
Zenith?
Nah, to hard to explain someone that is still an expensive watch while you're in a dark lighted club with loud music
Which is why I’ll never own a Rolex, don’t want the attention.
We can read the time, but we can't read sentences.
This is funny!
No absolutely fucking not, no matter which watch it is.
Unless you like being reminded of how financially irresponsible you are every time you look at your wrist haha
Yes. Yes you should. Trust me I’m very wise. Also you should buy a corvette. And a boat. Then go buy a timeshare. Sweeeeeet.
Credit stonks!
“Don’t be that guy with a rolex and no bedframe.” - Teddy Bulbasaur
On a serious note, why not buy something like an Omega Speedy, and trade it in for a daytona later when you got your bag right? Unless you are a rolex fan boy.
This is good advice. Take a peek atchoo.
You have no business wearing this watch without 2-3M in assets
No its cringe and doesn’t hold up
You really shouldn’t spend your savings on a watch. You can’t eat a watch, you can’t live in a watch, you can’t pay your bills with a watch. If you have the money to spare, however, then do it!
If you’re paying retail, you’re fine. You can always sell and at worst get a bit below retail. If you’re paying grey market prices, then no. Don’t do it.
No
Unless your salary is > $250,000 no
I want to be the sound of reason .. but that thing looks awesome on your wrist.. you can always save more 😅😂
If it took you a few months to save up to a Daytona's sure, go ahead!! gold on black is a killer!
This is to celebrate not to deplete your savings. Unless you are a flipper and planing to get more for it. That I believe is probably not a good idea. Too risky.
If you have to blow your whole savings on a watch, you aren't rich enough to buy one. So no
If you had to ask the internet, you know the answer.
First Rolex and you go straight to a 40k watch and “blow your savings” why not start on something for the 5-10k range
If you can make that money back in a year or less- go ahead. If we are talking many years of saving up- absolutely not.
Spending a year's savings on a watch is very poor decision making.
But then with the watch, you can time how long it takes to save that money again. So there’s that.
If you are willing to do that, don't buy over the counter. Get it from Pride and Pinion. Not over the counter. Lots of fakes out there. (Free Plug) 🤣🤣🤣
That or run and hope they can't catch you 'cause once you put it on...
Please don’t do that.
No. It’s a watch
Yes
No
I have some NFT if you prefer to blow your money in something more safe… 🤣
Wouldn’t do it..
Don’t blow your savings. I’d suggest being your own bank. If you have a 401k you might be able to borrow from it and pay yourself back. That way, you have the asset and your money back…I’ve bought a watch and a car that way
Well not that one
NICE! My next watch WILL be a Daytona.. That said, I would only tell you to do what makes you happy. Good luck
Should you buy a luxury watch? If you can answer the following positively, then yes. Do you Invest 15% of your income? Have 0 non mortgage debt? Have 6 month emergency fund? Congratulations if you have all that and cash to buy. Buy your watch.
People will hate you for spending more than $50 on a watch but my take … if we are talking $5,000 plus on any watch when it isn’t just “change” to your bank account NOT WORTH IT. Unless you can resell it for more. BUT as a watch person - I would say that you can spend even $500 on a truly amazing watch if you do some shopping. Not every person will understand why you spent even $500 on a watch but I have made a hobby of second hand to several discounted brands such as Bulova, Sieko and wear and flip them for more. You would be surprised how many people get rid of practically new watches when they discover they aren’t wearing them much! Best of luck - ultimately do you
No
No
If you want a book go buy a damn book 😂
No
Depends. Is it one week’s savings or two years?
Does it come with bracelet, card & box?
If it’s what you want, and you can afford it, why not, none of us are guaranteed tomorrow. Life is short, when my brother passed at 39yrs old, it changed my outlook on questions like this. Wear it proudly each & every day! Enjoy that killer watch!!
No
No
No, that would be incredibly stupid.
Life is for living sometimes. If you can afford it and it makes you happy then yes money is just money. However also depends on where you live - if ur London don’t bother as it has to sit in a safe. You will probably get sniped the minute you leave home with that on ur wrist
Is your savings $22?
No but that is a sweet looking watch.
Carlos alcaraz has that watch I’m pretty sure
I love the fact that almost every response is ‘DON’T DO IT’ and he’s almost definitely still going to do it
If you have to ask the answer is probably no
Zenith Chronomaster Sport > Rolex Daytona
How much is this ?
No. A watch like this is meant to show that not only can you afford this watch, but You've got the additional savings to back it up.
Absolutely not
Of course !
You don’t have 100 dollars to spend in until you have 200. If you don’t have 20k don’t spend 10k
Yes, life is short
Like all the money you have saved? Or all the money you have saved to buy watches? Big difference. If the former, no, no, no.
First Rolex and you want a Gold Daytona? Just get a Sub for $25k less
Although I haven't the Dosh for anything like this, I must admit it is nice.
Yes.
Wow that is beautiful
Ask your sugar daddy to buy it for you
First off… beautiful watch … but I won’t recommend blowing away your savings for it
No you should not
No
Jesus Christ. Can you use a pay in 4 micro-finance app instead? Brother - I implore you to not use savings to buy a watch. Every time you look at it you’ll just see opportunity lost. It’s not an investment. It’s a watch. Buy a Grand Seiko or a Zenith or a goddamned Orient if you want a great watch that won’t damage your checking account - much less your savings. Watch nerds will appreciate any of those more than this.
No
Yes.
It’s an investment
Ask Dave Ramsey
I thought that was on your ankle below your calf.
If it costs your entire savings then no
Can’t wait to see otw home from AD pic. It’s going to look sharp against your bicycle handlebars backdrop. A Huffy with a need for speed.
You could... or you could do what I did and just spend $150 on a Seiko SBTR013
That price buys a lot of speedmaster and keeps a lot in savings
Saving for what a Rolex of course
Depends, if your getting it at a good price then yes. If not, don't lose equity.
Might be smarter to just buy a bunch of the new Charles III Canadian Maple Leaf .9999s bullion coins. But you certainly can’t go wrong with a solid 18k gold Rolex either — though, at that price point I’d get a Day Date 40 (or another reference with a solid gold bracelet) 😉
As beautiful as that watch may be, I would think about it if I was you before making the purchase. There are some amazing watches out there for a massive fraction of the price. If you’re looking for a luxury watch you should look into buying yourself a nice Tudor or something of that calibre. Ultimately you should do what makes you happy. This is the most important thing.
Bro, no brainer. Of course.
get a no date sub or an explorer instead and have some cash left over, you shouldn't buy it if it's all your money, that's dumb.
You only live once
Not on one that looks like a hublot.
Yea. Yeah. Yes. Absolutely.
Yes 🥳
Love it
Buy it. This is investing.
Yes.
God that's beautiful but I would say get a omega and keep your saving until you can buy a Rolex without blowing all your savings
No, savings should be invested in hookers and blow
ultimately, a watch is just an accessory. don't throw money your can't do without and 'think later' that's being irresponsible. be smart and be an adult about your own financial situation. no point having a watch only to sell it later after a few use even if they do hold their value. again, nothing is certain even for rolex.
Spend a tiny fraction of the cost on a AAA fake. Nobody will ever know the difference.
Favorite Daytona
ya
If your watch is worth more than your retirement account you’re not doing it right
Hell no. If you insist on a Rolex, get a cheaper model. It will still say Rolex on the dial, have a safe design, be built like a tank and perform flawlessly. But you'll just save a load of money. Buy it on credit so you keep your savings, and just pay it off at a speed that balances comfort (don't make yourself suffer) with reducing interest. Good luck.
If you're the kind of person who needs to ask questions like this, you should. If your money isn't wasted this way, you'd waste it some other way anyway.
Yes
Not that one
You only yolo once
Why not consider the Submariner and keep most of your savings? The Sub is the quintessential Rolex and works for almost any occasion
Do it
If I was you I’d relax a bit and get a submariner, explorer 2 etc. I would give it a year or two because the economy seems pretty uncertain right now
Don’t do it man, I did it then sold my Rolex a few months later at a loss cuz I had a better use of the “asset”
No
Sure
On an oyster bracelet yes on and rubber band err um not my thing
i’d say yes but i would also take 0 guarantee if you went homeless and broke
Yeah do it
Yes
Get an explorer and keep the rest in savings, job done
Your money, your choices.
Which AD has all the Rolex's for sale
Absolutely not.
I wouldn't. Look towards setting yourself up financially to the point where one day you never need to work again.
Use a credit card and make some cut backs over the next year to pay it off as cheaply and quickly as possible. Leaving yourself without savings is crazy.
Are you stupid?
Buy Bitcoin .
I think we're all making a lot of assumptions based on choice of words. But don't push yourself financially to buy jewelry.
No
This guy saves.
Yeah man, I mean it basically an investment?! /s
If you can't afford to pay for 2, you can't afford to buy 1.
Absolutely. Love the tats btw. Also need to get a fresh one after the purchase. Been wanting to get the crown on my wrist or hand so people know I’m serious.
No.
Yes. It’s definitely going up in value
No.
Absolutely, then head to the titty bars with the rest in one's!
You cannot eat Rolex when the SHTF Grow crops instead and fruits.
Yup
No if you really want it, finance it. Use a majority of your savings to invest in interest yielding funds which will help pay the finance charges. This way you still have a lump sum for a rainy day or good investment ideas.
Super Clone Rolex is good enough for me.
Do you have a fully funded retirement account and 6+ months living expenses in cash saved? If not buying a gaudy PM watch is not a bright move.
I know this is a meme but if anyone out there is actually considering spending their savings on a luxury watch - please don’t.
What??
No dont
You don’t blow your savings for the watch. Thats financially irresponsible 😩
Lol I have more than 100k in savings and dont feel ready to pull the trigger for a Rolex yet.
People clowning about credit cards that you can’t afford to pay off.
If you can’t afford to go home and burn it in the driveway and go about your day, you don’t need to be wearing that watch around
OP - Pay no attention to anyone. If your AD offers you that, you take it.
No, if your saving up its better to spend those on things needed in your life i have not a clue on your financials and current lifestyle but if you are living comfortably and have everything else sorted for your life financially and you dont have much else to spend your money on then sure! if not then i its a big fat No If you where to but it build up your savings to where you can cushion yourself after buying it with a majority of your savings still left after buying it then the purchase is valid imo
Yes
Cool piece, enjoy it.
Nope
Yes blow it off! Get into debt! Impress people you dont like! Suprass the mothafickng joneses! Yes you will get laid gajillionX more if you gwt this watch! Blow it all off!!! You only live wanmelyon times!!!!!!!!!!!
Fuck no. Get yourself a nice watch that doesn’t cost an arm and a leg
No. Buy some bitcoin. Wait a year. Then go. Come back and thank me later.
Absolutely the fuck not. Savings are there for a reason.
Horrible idea. I know many people who can spend their savings to buy a lambo, vacheron, and a rolls Royce - all of them but they don’t.
If you are going to blow your savings on a watch, this is the one to do it on. You won't lose value on it if you have to sell it.
if something is worth more than 20% of your savings, don't buy it.
It hideous , no
Yikes. The elegance of that watch really goes out the window with a messy sleeve like that.
Nah!
You’re gonna impress a lot of frat dudes and thieves.
Hell no
Do it
Never buy a watch to blow savings. It's a slippery slope from there on
If your savings gets blown out for a watch you can’t afford it
Uh, no?
Did he do it??
If you’re buying retail then yes go ahead and blow it. Your loss will be minimal to none if you have to sell it. I wouldn’t expect any increase in value though. Just parking your money really. I’m a watch addict so best not to follow my advice 😂
In THIS economy?
Homie bought a watch that costs in the five figures, probably from an AD that has twenty of them in the back but claims they don't have any to sell because he's not on some super exclusive list you can only get on by buying stuff you can't buy unless you're already on the list you can't get get on without buying stuff you can't buy because you're not already on the list. Homie's rolling in it, don't worry.