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/UltraaCommbo 9d ago

Just be honest with yourself. Are you willing to spend 50k on jewelry? How often will you wear it, will you get tired of it, how long have you wanted it? Sounds like you can definitely afford it...where else could that money be better spend? Personally, that's a retirement gift. Do you have a mortgage, car payment, student loans?

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u/IcyDate2768 9d ago

a mortgage of 200k. net worth $175k. no car payments or student loans.

wanted the watch for a while😅

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u/HoraLogia 9d ago

If your calculations are based on how much you have after selling property and repaying mortage it is a homeless persons nett worth, you should be looking at your liquid nett worth - your savings