Wasting money on expensive items

[Kirkstall Blue]

A 9 kt gold 1967 watch is worth next to nothing but sentimental value my loft is full of absolutely worth nothing items but I still don’t want to part with any of it
Ridiculous feathering of the nest for a rainy day

 

[stonerblue]

Depends some are assets that increase in value due to rarity, so watches, some jewellery and definitely certain cars are a worthwhile investment.

If you can afford a 50k watch why would you need an 'investment'?

 

[GaudinoMotors]

Just seen an advert on here for watches some of which are nearly £50k! I just don’t get it at all. What’s the point to it? Not just watches, it goes for other stupidly expensive items like cars, jewellery or even handbags! Can someone explain why you need a £50k watch.

Ask Pep - he has quite a collection.

 

[Kompany Car]

If you can afford a 50k watch why would you need an 'investment'?

Because that’s how wealthy people remain wealthy. They make the money work for them, whilst the rest of us spend our lives working.
The best way to invest is diversification across multiple areas including property, stock market, physical assets etc.

 

[metalblue]

You get what you pay for is my motto. Mrs MB has a couple of handbags, first one I brought her in 1999 for £350. It’s still immaculate, you could spend £20 on a bag from Hyde market and it’s fucked in 6 months… so 350/22 = just under £16 a year. We have daughters so each will inherit a bag and remember their mam..which is far nicer than a couple of quid. What I don’t understand is people who spend good money on fakes from them shops around Oldham Road and that… they are always worse quality than the £20 whatever clobber from the market - those who know what it is, know it’s fake and those who don’t don’t know what the real one costs anyways …just save up and buy the real thing if you can happily spend 50-100 on a fake you can save the money to buy the real thing.

Similarly I spend a few quid on shoes and suits and they last me a few years… same logic when you divide cost / years service they are cheaper than buying something from next or the such. They are also nice to wear so it’s win win.

 

[shackattack]

I understand why people buy nice things even though some of the nice things that people buy look frivolous on the outside.

People who like to buy art IMO aren't buying something nice they are buying an investment, weirdly they want to pay more for something so they can sell it for more, the world of high art is crammed with frauds and charlatans.

Most things that are expensive are an investment so you have every chance of getting your money back or at least a large chunk of it, there are however people who spend a fortune on food and wine which is a one shot deal, I see that as a waste of money when it is a massive overspend in reality it is rich people paying not to eat in the same space as Chantelle and her 4 children.

So to all you people who like nice watches just carry on, you've probably earned the right to have a mechanical marvel you haven't bought from Argos for £30, and if I had that much disposable income I would join you in your watch appreciation.

A good example of how gullible the high art world can be.

 

[Bigg Bigg Blue]

If you have kids can you send them round please so they can explain to mine that it's not a competition with their mum.

We decided that we didn't want kids, it was a hard thing to do when we told them :)

 

[Colin Bells Boots]

The most expensive thing I have ever had is a wife.

and children.

 

[J.G.Blue.]

Perhaps, having worked hard all your life, building up your business, growing your profits through clever financial decisions and being successful you have decided to treat yourself.
If we all had the same bland, mass produced stuff, what a boring world it would be.

To be honest I never understood people paying a lot for stuff but then my brother decided to sell the buisness he had worked really hard building up for about 35 years,
More or less the week after he was told he had cancer,
He is now treating himself to a new car, a mobile home, nice watch etc while he still can & I say crack on mate enjoy your money you have hard earned & dont let any sad miserable twats put you off doing what you want.
(mind you he still wont lend me a tenner)

 

[BimboBob]

Perhaps, having worked hard all your life, building up your business, growing your profits through clever financial decisions and being successful you have decided to treat yourself.
If we all had the same bland, mass produced stuff, what a boring world it would be.

I can afford to buy the watch. I can. I've done what you said above. But spending 50k on a watch? Madness. It's the same with cars. I have an old Jag. An old pick up truck...I blame the fake yank for that purchase. I have a few thousand records. My house is modest. Enough and a bit for our needs. I could buy bigger and still be mortgage free but what's the point? I like camping. Sure every now and then I might splurge on a decent hotel but it's not an every day thing. I mainly fly normal class...unless it's longer than 3 hours. But that's a leg room/ comfort/ free drinks thing.

The picture of that restaurant owner with the bar bill is ridiculous. And completely classless. it's flash. It's everything I dislike about today's society.

But hey, if people want to spend over 1500 quid on a steak or 9 quid on a coke, then who am I to argue. It's only one life, do what you want.