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      11-21-2013, 02:13 PM   #40
NemesisX
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Drives: '19 Infiniti Q60S
Join Date: Jul 2009
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Quote:
Originally Posted by RR-NYC View Post
Still referring to Thomas Stanley? The guy who insists on getting to the millionaire status means depriving yourself of anything worth working for. In his chapter about avoid buying status objector leading a status lifestyle, did you think he was only talking about watches? I can sell my Daytona for more than I paid - Can you do that with a cheap watch or your BMW?

You preach his bullshit yet you drive a BMW? Are the rest of your life-lessons as ironic?
It's a statistic. Regardless of whether or not you like the guy, he cites a statistic (and sources it in the book) and that's that.

I drive the car that I drive because as a percentage of my net worth it's miniscule. I drive a car that's well below my means. You can't look at the brand of car that I drive and imply that I'm being hypocritical.

And I'm thrilled that you've made a positive return on your watch, but by and large watches are awful investments and lose anywhere from 20-30% of their value the minute you walk out of the store. The same is true for cars, of course, but the difference is that functionally speaking there are numerous, tangible benefits to driving an entry level luxury sedan versus, I don't know, a base honda civic.

I can't get stock acceleration of 0 to 60 in 5 seconds and a comparable interior for much less than the cost of the 335i. If I could (and provided that I liked the look of the car) I'd totally consider the cheaper car.

I can get an automatic for $500-$1000 of comparable quality (and one that is functionally equivalent) to a $4000 or $5000 watch.

Honestly though you sound incredibly bitter about a statistic. Why? No one's stopping you from spending an exorbitant percentage of your income on a watch. Go buy whatever makes you happy.

The post that you quoted me in had nothing to do with belittling your choice for spending thousands of dollars on a watch, so I don't know why you bothered to quote it. I was merely stating the fact that most wealthy people don't spend more than a few hundred bucks on a watch to explain why <$1000 watches are in sufficiently high demand.

I don't care about your conspicuous consumption habits so stop dragging me into your bullshit. I didn't question you or anyone who buys multi-thousand dollar watches in the quote that you posted. I mean I did initially, but that was several posts ago and I received some nice perspectives from watch aficionados like Rookie84.

If it makes you feel better to be willfully ignorant of a statistic, then fine. Here's a fake statistic if it makes you feel better: millionaires spend a median of $100,000 on a watch. It doesn't matter to me either way. I was simply trying to explain why tag heur has a sufficiently large market to tap at the ~$500-1000 level, the implication being that if millionaires spend a median of a couple of hundred bucks on a watch, then people at lower levels likely spend no more than a couple of hundred bucks on a watch as well.