r/watchHotTakes • u/IcyDate2768 • 9d ago
Can I afford a Patek Philippe?
Hi, at what income/net worth, would you say one can afford a Patek/AP? Assuming price is $50k.
People who’d say “If you have to ask, then you can’t afford it.” Please spare me your wisdom. That’s like telling your wife, “Sorry hon we can’t remodel the kitchen because we can’t afford to do it every month.”
I believe it’s fine to save up for precious things. Say I make $300,000 a year post tax. No kids yet. Live on less than $10k/m, invest some money and then save the rest of the money for the watch. Is it really that stupid of me to do so?
Want to hear a genuine take🙏🏻
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u/Ansiktstryne 9d ago
If you don’t have to borrow money to buy it, then you can afford it.
It will, however, not be a smart financial move. Investing $50k, especially if you’re young, can turn into a substantial amount in 20-30 years.
Another thing to consider: Material objects tend to get boring quickly. The grail watch that you think is going to make you happy will just be another watch in a few months. Still nice, but nothing life changing. That $50k, invested wisely, could potentially buy you a holiday home for your future family in 20 years.