Spending 40k on a watch is crazy?

A lot of people have $40K watches. I personally just like my Garmin fenix. $40K also doesn't sound insane when comparing to a watch that costs $1M.

I'd also rather put $40K towards a $100K car like a Lotus Emira. 

Eh, probably. But also, who cares? Life is short. I have a A. Lange & Söhne on my eventual list. If you can afford it, maybe sit on the decision for a couple months, see if you still want that specific model, and then pull the trigger. I’ve absolutely had to have things that I’m glad I didn’t buy a few months after. 

Also, make sure you’re actually going to wear it. I’ve bought a couple watches that are brilliant but I ultimately got rid of because they spent 99% of their time in the case. 

Spending 40K on a watch is and is not crazy. What are you looking at? This is the first question. The second question is how much do you make? 

Buying a Rolex for 40K is prob insane, buying a Patek for 40K is much less so.

What are you doing that you’re making $1mm at 27? 

It’s not crazy but also not the most prudent. If you said net worth was higher, I’d say for sure do it. And your net worth will get higher quick at this rate. I personally have more of a save/invest as quick as possible mindset. I’m around $1mm NW with lower income than you and debating upgrading my citizens watch for a $7k Rolex. Somewhere in the middle of our two mindsets is probably the right one

Edit: misread your net worth, thought it was $500k not $900k. I’d still be hesitant. Maybe 1-2% of net worth seems reasonable. But you could also just set aside a separate account for watches / splurges and set aside income into that and have plenty saved very quickly for it

Get a Vacheron overseas

Bunch of fucking nerds here.

Yes buy the watch, you can afford it and want it

I wouldn't. 40K at 27 is a lot of money down the line. Life is fickle.

Yes

Ball out son. However, make sure you have a cash emergency fund in place, be cautious with the use of debt, keep investing that cash income, and try to maintain/grow that income. Things come and go, especially income, roles, and industries

I would want more savings before doing that. What happens if you lose your job and are out of work for a year? Is your retirement in the shitter now? The more savings you have the more you can spend. It really shouldn’t be tied to income.

I think that’s reasonable given your net worth. Get the watch if you think you’ll love it and wear it. I got a Grand Seiko with my first bonus because it was my dream watch forever. Ironically “saved” me some money because I haven’t bought another watch for two years now. Used to spend $2K a year on a handful of OK watches, but my taisetsu spring drive has finally satisfied my interest. 

Personally have about $10K of watches and a $10K motorcycle, not a huge portion of my net worth. 

If you can afford and it and you want it, then no, it isn't too much.  I will say - get the fucking thing insured, or put on your renters/homeowners insurance!

It is highly likely that people you know will judge you for buying it and wearing a 40k watch on your wrist.  And they will be no less wrong to judge your choices than you are for making them.  If you're comfortable with that, go wild.  If you think it looks like overly conspicuous consumption, maybe dial it back

It's relative. It might be crazy for me to spend that much on a watch, but not crazy for you. 

There’s going to be people on here that will tell you $40k on a watch is too much no matter how much you make, could be $1MM, $100MM, doesn’t matter, they were brought up under a different culture and don’t share the same values as us.

If it genuinely makes you happy, go for it. Assuming you live in New York, you don’t need to spend money on a car, and a watch will retain much better value than a car people who only make $200k a year will overspend on to be flashy. I’ve seen women who foolishly spend their savings on $40k+ worth of bags from Chanel and Hermes when they make less than $150k a year and don’t even have a man supporting them. You can actually afford the splurge with what you’re making and not have it make a significant dent on your finances assuming your pay is still on an upwards trajectory at 27 years old. 

I’ve also seen guys making half of what you make in their 30s-40s wasting more money per year on first class flights and flashy hotels or bottle service so they have something to post on IG. You’ll be fine.

With your current savings and knowing you can probably recoup a majority of the cost if you decide to resell it later (assuming you choose the right brand/model), go wild man. You're only young once and you can't spend money when you're dead. Just be prepared to think to yourself in 3-4 years "god I was so dumb why did I spend that money on this thing".

In the world of watches 40k definetley isn't abnormal for a watch. Personally I've never been one to look at watches like their an "investment" so this  a bad choice from a fiscally responsible point. That being said, you did make a million dollars and looks like you're pretty good at your job so you're pretty set for the next year. Buy the watch and maybe cut down on bottle service every night and reservations at 4 Charles Prime Rib. Or don't. This is America, after all. 

If watches are your thing then go for it.

Totally reasonable. I collect high end independents though...lol.

Watches tell time. Any value beyond that is personal. If it will bring you happiness or the appropriate social signal, do it. Also, please give career advice lol. 

Just do it. Pick a watch model that holds value. Life is short. Markets are at an all time high. Your 10Y opportunity cost is quite low.

Only if you're dropping it on a Rolly. Get something legit nice that holds value. 

You can afford it so totally reasonable. I personally wouldn't at age 27, that $40k in 20 years could be $110k even at a conservative return rate, and with your income an early retirement is very possible for you. But that's me being a savings weirdo, so you do you. You earned it.  

Go for it, assuming that you are getting it for yourself and not for people around you. Also make sure you love the watch and how it wears on you, not just the watch itself. 

Idk man, this spiel is usually reserved for tradesmen thinking about buying a brand new truck after getting their first paycheck, but I think it applies here: 40k might not sound like a lot, especially when you're making bank, but you're young, so you'll be very glad you stashed it away when you're 45 and it's worth 150k. 

Keep in mind that the day will come when you'll hate your high-paying job and you'll want to spend your time doing something less lucrative.  Keep in mind also that no job is 100% stable, and that the party could end at any point. 

I don't know shit about watches, maybe it would end up being a good investment, but...the watch will lose its appeal after a couple of years, money never will.

No it's not crazy given your income. If you made $200k I'd say yeah the 40k watch is pretty crazy. But at $1ml (assuming you'll pull high six-figs or higher going forward too) income it's not at all crazy

Just make sure to sock away / save a lot as well. Congrats on your success

Either 40k or 10 bucks, no middle ground allowed.

my brother in christ you are a 27yo millionaire making 1m/y. 40k is too low. Go ball son.