Luxury Watch Investing on a Budget

For many of us, the words “luxury” and “budget” seem antithetical. They did for me until I realized that “budget” can mean “what I want to spend” just as much as it can mean “what I can afford.” If you’re wanting to purchase a beautiful luxury timepiece but think you can’t afford it, here’s a great article from Crown & Caliber about acquiring a luxury watch within your means.

budget rolex

This is a short easy read with solid ideas to get you thinking about how to approach the watch market and stay on budget. Our favorite tip is one that’s reflective of all great investing, not just limited to watches:

“If you’re getting the itch to buy a luxury watch but don’t yet have the means, wait a little longer and give yourself time to save up more money. If you rush into it, you might end up with a lower-quality watch that won’t last as long as you would like or a watch that doesn’t make you 100% happy. While a watch is a significant financial investment, it’s also a personal one. Don’t settle. And don’t sacrifice quality.”

Crown & Caliber – How to Buy a Luxury Watch on a Budget

We love this approach because at the end of the day, whether we’re buying a watch, an oriental rug, a classic car, a stock or a piece of land, we want to buy something that is quality and that will make us happy with our purchase. Whenever we part with our precious capital, we want what we get in exchange to delight us. While there is never anything that is completely perfect, sometimes waiting – and searching – for something of quality increases the value of what we end up with, by adding purchasing power but also adding our own market education and personal anticipation.

budget luxury watch



Share on facebook
Share on twitter
Share on linkedin

More Posts

new house

Five Effective Debt Management Strategies to Prepare for Buying a Home

Have your sights set on a new home purchase? If you’ll be moving in the next six to 12 months, two of the most important things that you can do is getting your debt under control and understanding conventional loan requirements. Whether you have student loans, credit cards, or a car loan, anyone can improve their financial standing by using strategies that work best for their unique situation.

A Replica Family Truckster with The Griswolds (Steve & Lisa, not Clark & Helen!)

Meet the Griswold’s, a Georgia family who decided to live up to their  name with the iconic Family Truckster. Listen in to their story of how it was acquired, reconstructed, and where it’s taken them, along with how they met their big screen namesake, Chevy Chase. They’ve turned some heads, had a few break downs, and have revisited some  historic sights from the movie with their Metallic Pea Green Beaut. It  was such a thrill to talk with a real life Griswold family!

too little risk

Too Little Risk

”If you don’t have any defaults, you’re taking too little risk.” The quote is about buying debt as an investment. Managing the risk in this kind of investment involves trying to make sure that there are never any defaults on the debts – or in more general terms, that everyone who has a loan that you own pays on that loan. Minimize the non-payments, minimize the risk. Simple.

bernheim car club

More Than Just Classic Car Storage with The Bernheim Car Club

What’s one part car club, one part events venue and one part classic car storage? The Bernheim Car Club! This new classic car storage facility located near downtown Louisville, Kentucky is a converted historical distillery. The Bernheim Car Club has top-of-the-line climate controlled car storage, as well as full facilities for hosting social events. Join us to hear the story of how two entrepreneurial ladies hatched the idea to create a space that is the perfect spot not only to store your classic car, but to meet up, talk shop, exchange parts, and sip a bourbon. Listen in on the fun!

prepare storm

How to Prepare Your Family and Home for a Severe Storm

Severe weather can happen anywhere, anytime; even though you can frequently see them approaching, sometimes storms can move quickly and with little warning. Know your area and its associated level of risk for thunderstorms, as well as tornadoes and floods.