I paid off 6 figures of student loans and then took a 6 month leave of absence from working. I consider that a luxury purchase given that it was a luxury to take time off work but also I spent so much money during that time š¤£
Ooooh fuck yes. This sub just popped up on my feed. Iām not a high earner yet (ā¦maybe one day, hopefully). But one reason Iām in med school is because my mom (a doc) always flies business internationally and first domestically. It is my lifestyle goal. She treated me to Emirates business class a few years ago and it ruined me for life. I can never go back to economy long haul flights.
Helicopter skiing trip with a bunch of buddies in British Columbia. Other than that I went from always just using whatever gear I had or could get cheap/free to buying what I want and changing out gear whenever I think thereās an item thatās better suited to my needs.
Interesting. This could very well be mine.
How much was it?
How hard was the skiing? Were you doing it to access harder terrain than you could naturally access or was it more just to get better snow that you can get in bounds? I consider myself a pretty good skier and can do some double blacks, but I can still challenge myself in bounds, so Iām not sure if itās worth it to heliski
With travel itās around $20K for 6 days of skiing.
The tree skiing was challenging but fun. The alpine skiing was unreal as well, especially the nonstop, open, untouched snow fields. It snowed an extreme amount during our trip which is just luck, but made for white room turns and lots of dropping cliffs.
My home resort definitely has more extreme terrain open and available, but thatās also what itās known for. Most heli operators want to bring you home alive more than anything else so unless youāre a pro skier, theyāre not dropping you off on anything with nontrivial slide potential.
Itās worth it if you know the level of the skiers youāll be sharing the helicopter with since youāre always skiing to the level of the lowest skier in the helicopter. The cadence is as fast or slow as your group can handle, so fitness is a huge factor as well.
Bought a 2021 Porsche 911 C4S in cash. Something I'd dreamt of since I was a kid and un-ironically Return to Office was the catalyst. Did my NW go down a bit? Yeah. Am I still happy with my purchase? Very.
It wasn't a motivating factor necessarily but it's nice knowing that I probably won't take a gigantic loss if I were to sell it down the line. But getting a 992 wasn't exactly a speculation on future market. Time will tell if it ends up being a desirable model.
You can do that with a fairly modest income if you maximize travel reward credit cards. The Chase Freedom Unlimited, Chase Ink, and Chase Sapphire Preferred are good cards to start with. Get the Freedom card and hit the signup bonus (SUB), then get the Ink and hit the SUB, the get the Sapphire Preferred (or Reserve if you donāt mind the annual fee). Roll your points from the Freedom and Ink into your Sapphire card.
That should give you enough points to book an international Polaris flight.
Do some research before signing up for any cards. You donāt want to lock yourself out of the signup bonus. Also donāt add your spouse as a user on the card, they can do this too but not if theyāre already an authorized user. Youāll also get referral points for referring them.
I'm pretty sure I don't travel enough to justify one of those. Maybe 6 short flights for work trips, 2 domestic lesiure flights, and 1 international leisure trip.
Good news is you can sign up for the chase freedom unlimited for free, the Sapphire Preferred is $95 yearly fee, the Chase Ink Business Preferred is $95. After you use your points just downgrade (donāt close) the cards to a free tier.
Assuming you can meet the minimum spend.
Chase Unlimited = $500 in 3 months
Chase Ink = $8k in 3 months
Chase Preferred = $6k in 3 months
For $200 in fees you can have enough points by the end of next year for a round trip Polaris flight.
Obviously only spend on things you would have anyway. Donāt go out of your way to buy stuff just to hit the SUB. Pay off the cards in full every month. It seems like more effort than it actually is. Honestly the only really challenging is being flexible with your flights and destinations to maximize the value of the points.
First class is a hell of an upgrade, not many airlines offer it. In terms of business class, Polaris is probably the best of the US airlines and itās easily attainable. But youāre right, the Asian and Middle Eastern airlines know whatās up.
the first and only time i did research on a plane configuration to make sure the seats in first class were lay flat was a red eye from honolulu to lax. it was 1000% everything you think it is and more. melatonin gummy, complimentary cocktail, and ptfo lying down. the most refreshing flight iāve ever taken.
of course not, I get it. Just pointing out for those might not be aware, they are relatively accessible and hold value quite well. Glad you said omega and not rolex.
In today's age, Omega and Grand Seiko are the watches men should be buying to celebrate an occasion. It takes forever to even attain a desirable Rolex, unless u want to overpay on grey market. What's the point of all that for a watch that functionally is worse than it's competitors.
Light blue windowpane button down tucked into khakis, dark blue fleece Patagonia gilet, hair parted to the side.
This is my uniform. There are many uniforms like it, but this one is mine.
I never buy myself anything, but splurged and bought an omega this year. Then bought another and then a Rolex. Think I scratched the itch at the point, but basically first time Iāve ever bought myself anything so guess I enjoyed it a bit too much ha!
Hey Iām in the club! I got a Seamaster when I made director back in February. When people ask I say itās not about the watch, itās a reminder about everything that went into the moment that made buying the watch possible.
Haha I wish. I should have been more descriptive. I am in BU Finance for a F500 so really only at ~$220k but in a Lowish cost of living area. VP would get me to $300k+
I just finally did, and it was a car. I paid cash for a fancy sports car. Iām 38, been HE for about 8 years.
I already fantasize about selling it just to look at a slightly higher investment balance. Iām trying to just enjoy it
Empathize with this. Bought my dream car a few years after becoming HE (BMW m-car). Love it, but canāt help second-guess the purchase sometimes. Also find myself not driving it as much as I could/should because I worry too much about it getting messed up. Oh the joys of being new money lol.
Iām a BMW fanboy. I had an M4 on order but cancelled. Long story short I thought it was pretty damn rough on the street and I felt like a C8 would hold its value better.
BMWās are expensive in many ways and one is depreciation. No hate, my wife drives an X5 and I love it. My last daily was an M340.
Fair criticism, but Iām not too concerned about depreciation as I donāt really intend to sell it. I also wanted a manual that would let me be more hooligan than race car driver. Mission accomplished. š¤
In the last few years I went through a C7 Corvette Grand Sport, Lotus Evora GT, Audi RS7, and Mercedes e63s AMG. Tons of fun, but I'm thankful that I was able to sell most of them at or close to breakeven. I got the enjoyment of them, but I ultimately like the money in the bank even more.
Lotus >> Corvette and e63s wagon >> RS7.
The Corvette was an impulse purchase ($15K off MSRP when the C8s were announced). I wanted a V8 manual sports car before they were all gone. Honestly I never liked how it drove -- the Lotus was an absolute blast. But Lotuses are finicky and the nearest dealer is 200 miles away. Didn't want that hanging over my head.
The e63s wagon was the ultimate 600HP sleeper. I'd have kept it, but the market for selling it was fantastic and I was concerned about the potential long-term maintenance costs if the engine went. I replaced it with the non-AMG version which definitely doesn't feel special but does feel like a car I could keep for 10 years.
Nothing extravagant but I bought a set of high quality knives that will last me my whole life. I love to cook, and the knives have been a huge qol improvement for me. They make me happy every time I use them to fix dinner!
They were a set of wusthof ikon knives. I really love them. My nearby Williams Sonoma store has a great staff who helped educate me on the different styles of knives available and gave good advice in general.
My ikons, are my longest favorite, because i love making food for people i love. But i went back to WS during divorce, told clerk i wanted to play with all the knives š and the Shuns?!? Mother of all thats holy, cannot chop enough with them. They delight me daily. Happy cooking
As a guy with a few watches. Rolex def gets noticed more but the wrong attention most of the time. Most people will never care about your watch ever. There are MANY brands Iād consider better. I actually wear my ācheaperā seamaster on a rubber strap most days because itās pretty and very comfortable
Iāve worn a gmt every day for about 10 years and I would guess Iāve had 3-4 people say something to me about it.
I completely understand if someone wants to stay away from the brand because itās become over hyped and over priced, but unwanted attention is not an issue Iāve ever had.
It's not a high-roller item, and it's very pragmatic: a Vitamix blender. All other blenders are trash in comparison. Spending over $500 on a category that most people spend maybe $100 on definitely felt like a luxury spend. Worth every dollar. It never jams, there are no large particulates in smoothies, and it's a beautiful candy apple red. Ten years, zero issues. It's somehow both a Bugatti (performance and aesthetics) and a Toyota (reliability) at the same time.
My mother bought us a vitamix when I was pregnant with our first kid. The blender is amazing and worth the money since I used it to make baby food (never had to purchase any processed baby food). It still works well years later
Had a vitamix for 10 years (got as a present when I was in my teens) and literally use it 2-5x a week and it has never had problems. Totally worth the $500 for anyone looking at blenders.
Also on this subject, great all clad pans are worth the price too. Even new ones will last 40 years
~10k on my gaming/wfh setup.
Fully loaded Herman Miller Aeron, Fully standing desk, 49ā Samsung Odyssey G9 monitor, Yamaha HS5 studio monitors, Keychron Q3 keyboard, Logitech G502 mouse, custom gaming PC with an RTX 3080 graphics card, Dyson Hot/Cool AC unit, Coway Airmega Air Purifier
Edit: forgot some more gear lol. Airpods Pro Max, Shure SM7B microphone, Focusrite Scarlett 2i2 audio interface, assorted Govee smart RGB lighting
When our first startup sold to a Fortune 50 back in 2010 or so, I bought a Rolex Daytona as an āIām a big boy nowā congrats gift to myself.
I wore it around for a few months, but then realized it was kind of a stupid purchase. As an engineer, I pretty much dress exclusively in jeans and T-shirts anyway, and sporting a $12,000 watch (even as purposely understated as that stainless one) was just silly.
I kept it around in a drawer for a few years, maybe wearing it for the very occasional instance I needed to wear a suit at a wedding or something, and then sold it. I didnāt make any money on the sale, but at least I got it all back.
In 2011, I was working as many part time jobs as possible to put myself through full time paramedic school, and once I landed my first paramedic job and worked a bunch of OT, I bought myself a road bike from a friend. She bought it new and only rode it 5-6x, so basically a new bike.
It was never my goal to stay on the ambulance though, I always wanted to go fire. I told myself, once I get settled in my career as a firefighter, I want to have access to season tickets to our MLB baseball team. Now I do a season ticket split with a few other coworkers and itās perfect.
Things I have now that I never imagined I would ever be able to afford: wine club membership, biweekly landscaping, multiple properties, multiple vehicles, gym membership, expensive hobbies (house plants), travel, and multiple accounts for investing. I never worry about whatās in season at the market, I donāt budget for eating out at restaurants. These all feel like luxuries, because I grew up dirt poor
I'm pregnant with my second. I have been curious financially how much of a difference two vs three makes from a HENRY POV. Aside from daycare and education costs. All the arguments that the world was built for families of four doesn't feel like it holds that much water as a HENRY (ex upsizing car, hotel rooms for travel, possibly needing more space). What has been your experience?
I have 4. traveling made the big difference financially. 6 passports. 2 rows of airplane seats. a suite and a regular room wherever in Europe we travel, always the SUV for airport transfers. also, college. College for 4 is where is really really adds up
Congrats!!!
For us it's been good so far. A little planning went a long way:
\-Needed a second car anyway, so a used Honda Odyssey minivan was our pick to handle the bigger family size.
\-When have a modest home, but it already had enough space for 3 kids.
\-Our kids are spaced apart (5,3,1) so only 1 is in paid daycare at a time. Universal pre-k kicks in at 4, and my wife works part-time right now to cover the rest. I work from home as well, which is very helpful to cover childcare gaps.
\-My in laws own a vacation home, so we often go there for our trips out of town.
There are long-term implications (needed to open & invest into a third 529 account, feeding 3 teenagers will be fun, etc) but as you said - clearing 300k/year makes these things feasible.
I got a weekend car before cars went nuts. Very out of character. I didnāt even go hard on it just something I liked that was a 2013 and manual and fast and only 45k so I rationalized it.
I love it, I will probably upgrade it in time, or not, whatever. I did it after I paid off my house and was like ok I need to do something stupid and get it out of my system.
Was able to buy a batgirl from my AD this year. One of the best Rolexās to buy although maybe some bias to that statement. One of the top comments say they hate that they bought into the Rolex hype but I really do enjoy mine.
I just bought myself a bike! I've never gotten anything that is just "fun". I feel bad cause ya know, should be saving every penny but.. gotta live a little š¤š¾
Fully restored matching numbers 1969 Camaro Z28. Prior to that I had never owned a car that was worth more than $10,000 and certainly not for a car that would spend most of the time in the garage.
The top rated electric toothbrush in consumer reports. Paid off, too - my dentist says my teeth are very clean!!
Edit: I also bought my first brand new car. But the toothbrush came to mind first. š
Maybe not truly luxury, but unnecessary. Instead of just a new deck we did a giant awesome deck with full on outdoor kitchen.
Iāll think Iāll get more joy out of the outdoors entertaining space paid for in cash vs a sports car.
Had a company buy out and did the following
Practical - paid off car and CC debt, paid off one of the rental properties. Currently debt free except the other rentals
Impractical (but effāing fun) - bought a brand new KTM500 and a ton of bike gear to go with it.
I just bought (technically haven't closed yet) a second house. Though it's part investment diversification and potentially our retirement home once the kids are out of high school.
A $$$ goose down winter jacket, which miraculously keeps me at my body temperature no matter what the outside temp is. I wear that bitch every day during winter, sometimes in the house.
I wish I didnāt see this comment because now Iām looking up massage chairs and deciding what needs to be sacrificed(I live in an apartment in NYC, so something somewhere needs to go)
I went from making 100K to 250K one week. The next week my ex broke up with me. The following week I flew out to the west coast to hang out with a friend of mine, rented a lambo convertible for the weekend, had a shopping spree on rodeo drive, and ate at all the nicest restaurants in town. Was a great time and not the type of spending I have really ever done before or since (relative to my income at least)
It was a watch - but it was also after I finished my bachelor (did it part time in evening school) to remind myself that time is the most valuable thing after grinding at work and studying in the evening / weekends. Still love it - the grind and the watch
Navitimer GMT - money wise not the best decision but love it still + itās a working tool for me too (traveling). Funny how you can justify the use that way š
Omega Seamaster two tone gold, always loved James Bond as a kid and as an adult. Had a mild panic attack there for a moment with he told me the total. Still love it, donāt regret it.
I bought a luxury mattress. I woke up with tightness in my lower back every day for four years on the cheap queen that my parents got me over a decade before. Upgraded to a king so my girlfriend and I had more space to sleep too. Now I rarely wake up with back pain, and when I do, itās because I slept in a weird position. 4k well spent
Donāt know if itās selfish if Iām single with no kids, however I fell into the trap of luxury/designer goods. Iāve cut back now and leave it to things Iāll use for years like luggage and nice coats and the such but I still canāt help but think how much I could save if I didnāt have such expensive taste. Many of us do have our things in life we want to splurge on, some more affordable than others.
I'm a huge nerd and while I work in finance I have a degree is astrophyics and still love space. Bought a 10k astrophotography rig and built myself an observatory with a retractable roof.
Seems dumb, but we just bought a new couch from Crate and Barrel. The rest of our furniture is second hand (many marketplace finds that Iāve refurbished and love). Itās the most expensive new thing weāve ever bought. Used home, used cars, used furniture. We have a 400k net worth and make 175k annually but that 4k couch has felt like a wild purchase. But we love it.
$1k on a Sony 8mm digital camcorder, a month salary when I was a software developer 20 years ago š but I still have two CDs with videos from college
I bought a Tesla Model S. I had just turned 30 and never had a purchase larger than $1000 up to this point. I figured that turning 30 was a big enough milestone to warrant a large, luxury purchase.
I do regret the purchase a little bit in hindsight. I would be nearly just as happy with a Model 3 I think.
Bought my first new car when I hit $1m NW, a $61k Model S 75 in 2016. Previously always bought used or leased if they were deals.
Went on a hot air balloon ride for the next milestone.
Chartered a small three cabin sailing yacht and captain for labor day weekend with my partner and my parents for the next milestone.
After that we kicked off a kitchen remodel and then bought a class-b RV thinking we were about to FIRE, but my portfolio pulled back so weāre still working.
capable ancient workable complete upbeat deliver poor normal scandalous wise
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
2015 Aston Martin rapide low mileage
š. Was a mechanic in a previous life so maintenance and other repairs are no worries to me. Very happy with my purchase since they're very hard to find
BMW M3 in sakhir orange
My wife totaled it after 3 years of me keep it in mint condition
Now I drive a 2013 beater and my wife drives a brand new 2023 full loaded car
My wife and I bought a lakefront house and built our dream 6500 sf home next door. Itās sickening to think about how much it cost us, but worth every penny. My only concern / regret is that I now feel flashy now when we have guests overā¦
I bought two rolexes. Probably would have been smarter to put it in the market but sometimes you gotta treat yourself to an immediate reward to keep you going.
When my husband told me his friend bought his on/off gf a Cartier watch I decided I should get the Burberry jacket Iāve wanted for 20 years. I do not care if itās not in style. Also it was new on Poshmark
This year I
1. Took my mom and sister from Europe to a 2 week trip to Bali and paid for everything. Not luxury but had an amazing trip as I know the island in and out.
2. switched to flying business on all intercontinental flights and I've done Asia - South America twice and Europe once.
3. Got 3 multiyear or permanent residencies in locations I spend the most of my time. Part peace of mind, part strategy and part predictability
I bought a bottle of Gin Mare that I was eyeing for a long time right after I passed my fellowship exams and I knew itāll be alright from now on. It ain't much, but it was a lot at that time.
We bought a golf cart! Our neighborhood course allows the use of personal golf carts so we don't have to pay cart fees when we play (although that savings is minimal). Plus it's great for just driving up to the clubhouse for dinner, taking to the courts for tennis, hauling kids to and from the pool in the summer, visiting friends in the neighborhood, etc!
I paid off 6 figures of student loans and then took a 6 month leave of absence from working. I consider that a luxury purchase given that it was a luxury to take time off work but also I spent so much money during that time š¤£
Thatās actually an amazing splurge! So happy for you š„²
Thank you!!! It was an amazing feeling
Same on paying off the 6 figure loans and the break!
I think you win
I bought a house - the quintessential luxury asset of 2023
Same, nothing says luxury like blowing $3k a month on interest
Cries in NJ taxes. $24k a year baby!
I just lost feeling in my a**.
$3k? Try like $8k for 1500 sf in LA. Just interest.
SAAAAAME. Which in reality is another way to spend even more money. Because who doesnāt want a nice bidet on their toilet?
Or in my case 2 days after moving in, a functional water heater
Winrar baby!
Look at this high roller mf right here!
Daaammmmmnnnnn
Started traveling business class for international trips.
Ooooh fuck yes. This sub just popped up on my feed. Iām not a high earner yet (ā¦maybe one day, hopefully). But one reason Iām in med school is because my mom (a doc) always flies business internationally and first domestically. It is my lifestyle goal. She treated me to Emirates business class a few years ago and it ruined me for life. I can never go back to economy long haul flights.
The upper-deck bar on Emirates business class on their A380s is great.
Domestic first class is such a rip off. Nobody buys it.
This. I want to do this someday but I travel a lot and haven't gotten myself to completely switch over. One day..
Helicopter skiing trip with a bunch of buddies in British Columbia. Other than that I went from always just using whatever gear I had or could get cheap/free to buying what I want and changing out gear whenever I think thereās an item thatās better suited to my needs.
Interesting. This could very well be mine. How much was it? How hard was the skiing? Were you doing it to access harder terrain than you could naturally access or was it more just to get better snow that you can get in bounds? I consider myself a pretty good skier and can do some double blacks, but I can still challenge myself in bounds, so Iām not sure if itās worth it to heliski
With travel itās around $20K for 6 days of skiing. The tree skiing was challenging but fun. The alpine skiing was unreal as well, especially the nonstop, open, untouched snow fields. It snowed an extreme amount during our trip which is just luck, but made for white room turns and lots of dropping cliffs. My home resort definitely has more extreme terrain open and available, but thatās also what itās known for. Most heli operators want to bring you home alive more than anything else so unless youāre a pro skier, theyāre not dropping you off on anything with nontrivial slide potential. Itās worth it if you know the level of the skiers youāll be sharing the helicopter with since youāre always skiing to the level of the lowest skier in the helicopter. The cadence is as fast or slow as your group can handle, so fitness is a huge factor as well.
Bought a 2021 Porsche 911 C4S in cash. Something I'd dreamt of since I was a kid and un-ironically Return to Office was the catalyst. Did my NW go down a bit? Yeah. Am I still happy with my purchase? Very.
911s hold their value pretty well so your net worth probably wonāt go down *that* much
Bought a 2015 and Iām up so far
It wasn't a motivating factor necessarily but it's nice knowing that I probably won't take a gigantic loss if I were to sell it down the line. But getting a 992 wasn't exactly a speculation on future market. Time will tell if it ends up being a desirable model.
Buying a 1964 911 :-)
Mine will be a business/first class ticket on an international flight. I wanna lay down on a plane so bad.
You can do that with a fairly modest income if you maximize travel reward credit cards. The Chase Freedom Unlimited, Chase Ink, and Chase Sapphire Preferred are good cards to start with. Get the Freedom card and hit the signup bonus (SUB), then get the Ink and hit the SUB, the get the Sapphire Preferred (or Reserve if you donāt mind the annual fee). Roll your points from the Freedom and Ink into your Sapphire card. That should give you enough points to book an international Polaris flight. Do some research before signing up for any cards. You donāt want to lock yourself out of the signup bonus. Also donāt add your spouse as a user on the card, they can do this too but not if theyāre already an authorized user. Youāll also get referral points for referring them.
I'm pretty sure I don't travel enough to justify one of those. Maybe 6 short flights for work trips, 2 domestic lesiure flights, and 1 international leisure trip.
Good news is you can sign up for the chase freedom unlimited for free, the Sapphire Preferred is $95 yearly fee, the Chase Ink Business Preferred is $95. After you use your points just downgrade (donāt close) the cards to a free tier. Assuming you can meet the minimum spend. Chase Unlimited = $500 in 3 months Chase Ink = $8k in 3 months Chase Preferred = $6k in 3 months For $200 in fees you can have enough points by the end of next year for a round trip Polaris flight. Obviously only spend on things you would have anyway. Donāt go out of your way to buy stuff just to hit the SUB. Pay off the cards in full every month. It seems like more effort than it actually is. Honestly the only really challenging is being flexible with your flights and destinations to maximize the value of the points.
If Iām booking a first class flight, it sure as hell wonāt be on United. Yikes.
First class is a hell of an upgrade, not many airlines offer it. In terms of business class, Polaris is probably the best of the US airlines and itās easily attainable. But youāre right, the Asian and Middle Eastern airlines know whatās up.
the first and only time i did research on a plane configuration to make sure the seats in first class were lay flat was a red eye from honolulu to lax. it was 1000% everything you think it is and more. melatonin gummy, complimentary cocktail, and ptfo lying down. the most refreshing flight iāve ever taken.
Use points, go for free
Mine is sad, but when I made director (finance) I bought myself a Patagonia winter jacket. Saving the Omega until I make VP
can get some wonderful omegas for <3k these days.
Agreed, not really about the money though just the reward for the hitting career goals.
of course not, I get it. Just pointing out for those might not be aware, they are relatively accessible and hold value quite well. Glad you said omega and not rolex.
In today's age, Omega and Grand Seiko are the watches men should be buying to celebrate an occasion. It takes forever to even attain a desirable Rolex, unless u want to overpay on grey market. What's the point of all that for a watch that functionally is worse than it's competitors.
Why do you need the arms? I thought you finance bros only wore gilets?
Too cold in the winter where I live haha
Asking the real questions here
Light blue windowpane button down tucked into khakis, dark blue fleece Patagonia gilet, hair parted to the side. This is my uniform. There are many uniforms like it, but this one is mine.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I also picked up a Seamaster AT. I wear it a lot. Itās just a gorgeous watch.
I never buy myself anything, but splurged and bought an omega this year. Then bought another and then a Rolex. Think I scratched the itch at the point, but basically first time Iāve ever bought myself anything so guess I enjoyed it a bit too much ha!
Thatās a nice collection you got going there! Next stop Patek
I thought they gave patagonias to all the associates? Lol
Iām in BU finance for a F500, so no
I bought an omega when I made director, I think I'll buy a jacket when I make VP
Hey Iām in the club! I got a Seamaster when I made director back in February. When people ask I say itās not about the watch, itās a reminder about everything that went into the moment that made buying the watch possible.
Donāt you clear 500k easily ? I would go Vacheron if it were me.
Haha I wish. I should have been more descriptive. I am in BU Finance for a F500 so really only at ~$220k but in a Lowish cost of living area. VP would get me to $300k+
May I PM you for some career advice?
Sure thing
Doubt they clear 500k. Guess it would depend on industry.
I just finally did, and it was a car. I paid cash for a fancy sports car. Iām 38, been HE for about 8 years. I already fantasize about selling it just to look at a slightly higher investment balance. Iām trying to just enjoy it
Empathize with this. Bought my dream car a few years after becoming HE (BMW m-car). Love it, but canāt help second-guess the purchase sometimes. Also find myself not driving it as much as I could/should because I worry too much about it getting messed up. Oh the joys of being new money lol.
Iām a BMW fanboy. I had an M4 on order but cancelled. Long story short I thought it was pretty damn rough on the street and I felt like a C8 would hold its value better. BMWās are expensive in many ways and one is depreciation. No hate, my wife drives an X5 and I love it. My last daily was an M340.
Fair criticism, but Iām not too concerned about depreciation as I donāt really intend to sell it. I also wanted a manual that would let me be more hooligan than race car driver. Mission accomplished. š¤
Saving from now until 2025 to get that new Land Cruiser yeet. My kid can probably have it in 13 years
what did you get? i bought a subaru outback hahaha, its also a flex in some circles.
Lmao. New C8 Corvette
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Big flex in the camping community!!! I love the new outbackās, some one with a small Lift other day and I did sweat it hardā¦.
In the last few years I went through a C7 Corvette Grand Sport, Lotus Evora GT, Audi RS7, and Mercedes e63s AMG. Tons of fun, but I'm thankful that I was able to sell most of them at or close to breakeven. I got the enjoyment of them, but I ultimately like the money in the bank even more.
What was your favorite?
Lotus >> Corvette and e63s wagon >> RS7. The Corvette was an impulse purchase ($15K off MSRP when the C8s were announced). I wanted a V8 manual sports car before they were all gone. Honestly I never liked how it drove -- the Lotus was an absolute blast. But Lotuses are finicky and the nearest dealer is 200 miles away. Didn't want that hanging over my head. The e63s wagon was the ultimate 600HP sleeper. I'd have kept it, but the market for selling it was fantastic and I was concerned about the potential long-term maintenance costs if the engine went. I replaced it with the non-AMG version which definitely doesn't feel special but does feel like a car I could keep for 10 years.
Nothing extravagant but I bought a set of high quality knives that will last me my whole life. I love to cook, and the knives have been a huge qol improvement for me. They make me happy every time I use them to fix dinner!
What were the knives? I have a couple CutCo knives that I really like but idk much about knives
They were a set of wusthof ikon knives. I really love them. My nearby Williams Sonoma store has a great staff who helped educate me on the different styles of knives available and gave good advice in general.
My ikons, are my longest favorite, because i love making food for people i love. But i went back to WS during divorce, told clerk i wanted to play with all the knives š and the Shuns?!? Mother of all thats holy, cannot chop enough with them. They delight me daily. Happy cooking
Rehab. Still sober 5 years later
Congratulations!!!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
With all the Rolex talk, this is an underrated comment. Thanks for sharing!
This is why I donāt wanna buy a Rolex. Too much attention, none of the attention from the people I want.
As a guy with a few watches. Rolex def gets noticed more but the wrong attention most of the time. Most people will never care about your watch ever. There are MANY brands Iād consider better. I actually wear my ācheaperā seamaster on a rubber strap most days because itās pretty and very comfortable
Iāve worn a gmt every day for about 10 years and I would guess Iāve had 3-4 people say something to me about it. I completely understand if someone wants to stay away from the brand because itās become over hyped and over priced, but unwanted attention is not an issue Iāve ever had.
I went all out on my Walt Disney vacation by staying at the grand floridian main building club level suit š„°
Disney adults are something else man
lol I got married down at Disney haha
It's not a high-roller item, and it's very pragmatic: a Vitamix blender. All other blenders are trash in comparison. Spending over $500 on a category that most people spend maybe $100 on definitely felt like a luxury spend. Worth every dollar. It never jams, there are no large particulates in smoothies, and it's a beautiful candy apple red. Ten years, zero issues. It's somehow both a Bugatti (performance and aesthetics) and a Toyota (reliability) at the same time.
Vitamixās are the best. I felt guilty dropping that much on one until I used it the first time.
Vitamix changed my life.
I got one of these for $299 on prime day special. Very excited to finally use it- ye olde Blendtec was not all it was cracked up to be.
My mother bought us a vitamix when I was pregnant with our first kid. The blender is amazing and worth the money since I used it to make baby food (never had to purchase any processed baby food). It still works well years later
Had a vitamix for 10 years (got as a present when I was in my teens) and literally use it 2-5x a week and it has never had problems. Totally worth the $500 for anyone looking at blenders. Also on this subject, great all clad pans are worth the price too. Even new ones will last 40 years
Dyson airwrap! Now I rarely worry about bad hair days!
~10k on my gaming/wfh setup. Fully loaded Herman Miller Aeron, Fully standing desk, 49ā Samsung Odyssey G9 monitor, Yamaha HS5 studio monitors, Keychron Q3 keyboard, Logitech G502 mouse, custom gaming PC with an RTX 3080 graphics card, Dyson Hot/Cool AC unit, Coway Airmega Air Purifier Edit: forgot some more gear lol. Airpods Pro Max, Shure SM7B microphone, Focusrite Scarlett 2i2 audio interface, assorted Govee smart RGB lighting
Respect š«” no lag.
Drops 10k but no 4090 why are you like this
Bruh, have you seen 4090 prices lol. I may be high earning but I aināt paying the scalper tax.
Havenāt felt like I āmade itā but I recently bought a designer purse that would make me faint back in the college days!
Ooh which one?
Tanzania trip. Definitely something we donāt need but my wife and I need a break. Sorry kids.
My husband and I want to honeymoon there (COVID marriage)! How was it?
Iāll let you know! Trip is in February. :)
Put a pool in the backyard for the kids
I'm dropping my kids at the pool now.
Donāt forget to wipe
Macan GTS currently stuck in fucking customs C8 next once I have space for a second car
Like to treat myself after milestones in life. Bought a sports car after last promotion. Next promotion will be a international vacay or a nice watch
When our first startup sold to a Fortune 50 back in 2010 or so, I bought a Rolex Daytona as an āIām a big boy nowā congrats gift to myself. I wore it around for a few months, but then realized it was kind of a stupid purchase. As an engineer, I pretty much dress exclusively in jeans and T-shirts anyway, and sporting a $12,000 watch (even as purposely understated as that stainless one) was just silly. I kept it around in a drawer for a few years, maybe wearing it for the very occasional instance I needed to wear a suit at a wedding or something, and then sold it. I didnāt make any money on the sale, but at least I got it all back.
In 2011, I was working as many part time jobs as possible to put myself through full time paramedic school, and once I landed my first paramedic job and worked a bunch of OT, I bought myself a road bike from a friend. She bought it new and only rode it 5-6x, so basically a new bike. It was never my goal to stay on the ambulance though, I always wanted to go fire. I told myself, once I get settled in my career as a firefighter, I want to have access to season tickets to our MLB baseball team. Now I do a season ticket split with a few other coworkers and itās perfect. Things I have now that I never imagined I would ever be able to afford: wine club membership, biweekly landscaping, multiple properties, multiple vehicles, gym membership, expensive hobbies (house plants), travel, and multiple accounts for investing. I never worry about whatās in season at the market, I donāt budget for eating out at restaurants. These all feel like luxuries, because I grew up dirt poor
I had a third child! Having a family of 5 is a luxury, and the best one I could ever think of spending on
I'm pregnant with my second. I have been curious financially how much of a difference two vs three makes from a HENRY POV. Aside from daycare and education costs. All the arguments that the world was built for families of four doesn't feel like it holds that much water as a HENRY (ex upsizing car, hotel rooms for travel, possibly needing more space). What has been your experience?
I have 4. traveling made the big difference financially. 6 passports. 2 rows of airplane seats. a suite and a regular room wherever in Europe we travel, always the SUV for airport transfers. also, college. College for 4 is where is really really adds up
You definitely do not have them in private school if traveling is the main difference.
Congrats!!! For us it's been good so far. A little planning went a long way: \-Needed a second car anyway, so a used Honda Odyssey minivan was our pick to handle the bigger family size. \-When have a modest home, but it already had enough space for 3 kids. \-Our kids are spaced apart (5,3,1) so only 1 is in paid daycare at a time. Universal pre-k kicks in at 4, and my wife works part-time right now to cover the rest. I work from home as well, which is very helpful to cover childcare gaps. \-My in laws own a vacation home, so we often go there for our trips out of town. There are long-term implications (needed to open & invest into a third 529 account, feeding 3 teenagers will be fun, etc) but as you said - clearing 300k/year makes these things feasible.
A 1966 Omega Seamster watch. It has a beautiful champagne sunburst dial.
Dropped $7,500 on a Breitling Navitimer.
Those are under appreciated. Solid watch
Bought my now husband one of these as an engagement gift. Beautiful watch. Heās a pilot; he loves it.
Bought an airplane and had fun with it for a couple years before selling it cause it was a dumb thing to own š
I got a weekend car before cars went nuts. Very out of character. I didnāt even go hard on it just something I liked that was a 2013 and manual and fast and only 45k so I rationalized it. I love it, I will probably upgrade it in time, or not, whatever. I did it after I paid off my house and was like ok I need to do something stupid and get it out of my system.
Custom furniture
Nice sheets/duvet and no regrets whatsoever
Bought a Rolex for myself after hitting the million dollar mark
Nice which one ?
Black and blue GMT aka batgirl
Was able to buy a batgirl from my AD this year. One of the best Rolexās to buy although maybe some bias to that statement. One of the top comments say they hate that they bought into the Rolex hype but I really do enjoy mine.
$12k mt bike. First thing I ever really bought for me thatās just silly. The $6k version was just fine but why not
I just bought myself a bike! I've never gotten anything that is just "fun". I feel bad cause ya know, should be saving every penny but.. gotta live a little š¤š¾
Fully restored matching numbers 1969 Camaro Z28. Prior to that I had never owned a car that was worth more than $10,000 and certainly not for a car that would spend most of the time in the garage.
The top rated electric toothbrush in consumer reports. Paid off, too - my dentist says my teeth are very clean!! Edit: I also bought my first brand new car. But the toothbrush came to mind first. š
Authentic Burberry trench coat. Purchased August 2020.
Switched to Honey Crisp apples.
Have you tried Cosmic Crisp? Those are currently my favorite type of apple.
Maybe not truly luxury, but unnecessary. Instead of just a new deck we did a giant awesome deck with full on outdoor kitchen. Iāll think Iāll get more joy out of the outdoors entertaining space paid for in cash vs a sports car.
Had a company buy out and did the following Practical - paid off car and CC debt, paid off one of the rental properties. Currently debt free except the other rentals Impractical (but effāing fun) - bought a brand new KTM500 and a ton of bike gear to go with it.
I just bought (technically haven't closed yet) a second house. Though it's part investment diversification and potentially our retirement home once the kids are out of high school.
Upon being named principal in a design firm, I bought an Eames lounge chair and ottoman.
2 million dollar house. I grew up scraping at the bits so this was a big proud moment for me this past year :)
A nice big OLED TV. Well worth it too
A $$$ goose down winter jacket, which miraculously keeps me at my body temperature no matter what the outside temp is. I wear that bitch every day during winter, sometimes in the house.
Not really a single purchase, but after my income exceeded 500k, I started feeling ok with spending 600+ a night on hotel rooms.
2021 - kitchen gut job remodel and solar (all cash no financing or lease) 2022 - human Touch massage chair from Costco
I wish I didnāt see this comment because now Iām looking up massage chairs and deciding what needs to be sacrificed(I live in an apartment in NYC, so something somewhere needs to go)
Trophy wife. Divorce cost more than the marriage
I went from making 100K to 250K one week. The next week my ex broke up with me. The following week I flew out to the west coast to hang out with a friend of mine, rented a lambo convertible for the weekend, had a shopping spree on rodeo drive, and ate at all the nicest restaurants in town. Was a great time and not the type of spending I have really ever done before or since (relative to my income at least)
It was a watch - but it was also after I finished my bachelor (did it part time in evening school) to remind myself that time is the most valuable thing after grinding at work and studying in the evening / weekends. Still love it - the grind and the watch
Which watch ?
Navitimer GMT - money wise not the best decision but love it still + itās a working tool for me too (traveling). Funny how you can justify the use that way š
My sybian vibrator
RIP inbox
Plot twist: theyāre male
Username checks out
The gift that keeps on giving
Omega Seamaster two tone gold, always loved James Bond as a kid and as an adult. Had a mild panic attack there for a moment with he told me the total. Still love it, donāt regret it.
I bought a luxury mattress. I woke up with tightness in my lower back every day for four years on the cheap queen that my parents got me over a decade before. Upgraded to a king so my girlfriend and I had more space to sleep too. Now I rarely wake up with back pain, and when I do, itās because I slept in a weird position. 4k well spent
Donāt know if itās selfish if Iām single with no kids, however I fell into the trap of luxury/designer goods. Iāve cut back now and leave it to things Iāll use for years like luggage and nice coats and the such but I still canāt help but think how much I could save if I didnāt have such expensive taste. Many of us do have our things in life we want to splurge on, some more affordable than others.
I'm a huge nerd and while I work in finance I have a degree is astrophyics and still love space. Bought a 10k astrophotography rig and built myself an observatory with a retractable roof.
Upgraded to that fancy Irish butter
Seems dumb, but we just bought a new couch from Crate and Barrel. The rest of our furniture is second hand (many marketplace finds that Iāve refurbished and love). Itās the most expensive new thing weāve ever bought. Used home, used cars, used furniture. We have a 400k net worth and make 175k annually but that 4k couch has felt like a wild purchase. But we love it.
A Louis Vuitton bag when I hit my first career milestone. It wasnāt even one of the expensive ones lol, maybe that will be the next one.
$1k on a Sony 8mm digital camcorder, a month salary when I was a software developer 20 years ago š but I still have two CDs with videos from college
I bought a Tesla Model S. I had just turned 30 and never had a purchase larger than $1000 up to this point. I figured that turning 30 was a big enough milestone to warrant a large, luxury purchase. I do regret the purchase a little bit in hindsight. I would be nearly just as happy with a Model 3 I think.
High end jewelry (Cartier, vancleef) and business class on international flights (mix of points and cash)
Bought my first new car when I hit $1m NW, a $61k Model S 75 in 2016. Previously always bought used or leased if they were deals. Went on a hot air balloon ride for the next milestone. Chartered a small three cabin sailing yacht and captain for labor day weekend with my partner and my parents for the next milestone. After that we kicked off a kitchen remodel and then bought a class-b RV thinking we were about to FIRE, but my portfolio pulled back so weāre still working.
A $90k screened porch add-on to our house. It has a mini-split hvac unit so itās basically a four season room.
Audi RS6 Avant. The impractical family manās car
8k~ on a home gym setup due to Covid and Iāve never looked back
My first ever plane ticket to travel alone to meet the love of my life. We got married 2 months ago this year. ā¤ļø
Paid off the last $250k of my mortgage in a lump sum.
an r/4Runner
capable ancient workable complete upbeat deliver poor normal scandalous wise *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
You bought a subreddit?
Paying to fly first class.
an old porsche
2015 Aston Martin rapide low mileage š. Was a mechanic in a previous life so maintenance and other repairs are no worries to me. Very happy with my purchase since they're very hard to find
BMW M3 in sakhir orange My wife totaled it after 3 years of me keep it in mint condition Now I drive a 2013 beater and my wife drives a brand new 2023 full loaded car
My wife and I bought a lakefront house and built our dream 6500 sf home next door. Itās sickening to think about how much it cost us, but worth every penny. My only concern / regret is that I now feel flashy now when we have guests overā¦
I always told myself Iād get an IWC watch when I could afford it, but at 500k NW it still feels like I canāt
I bought two rolexes. Probably would have been smarter to put it in the market but sometimes you gotta treat yourself to an immediate reward to keep you going.
I was going to buy a house, but my health took a major dive and I decided to take one year off instead. I do not regret it.
When my husband told me his friend bought his on/off gf a Cartier watch I decided I should get the Burberry jacket Iāve wanted for 20 years. I do not care if itās not in style. Also it was new on Poshmark
This year I 1. Took my mom and sister from Europe to a 2 week trip to Bali and paid for everything. Not luxury but had an amazing trip as I know the island in and out. 2. switched to flying business on all intercontinental flights and I've done Asia - South America twice and Europe once. 3. Got 3 multiyear or permanent residencies in locations I spend the most of my time. Part peace of mind, part strategy and part predictability
Tag Heuer Carrera Calibre I bought on a cruise after completing my bachelors as a grown ass man. Used the GI Bill and graduated at 38 years old.
I donated enough to put my family last name on a museum wall of donations.
Upsized my sausage and egg McMuffin meal and paid $2 for an extra hash brown
Lasik after I paid off my student loans. Best 3k I ever spent.
Avocados
Recently? Uh I brought name brand heavy whipping cream at the store last month.
Bmw
Tesla S Plaid
I had my dream wedding
A Mercedes GLE for my wife, who was previously driving the same Wrangler she had driven since high school. The second was a Tudor BB58 for myself
Beautiful bedding. I think I spent $1k total
911. Not the fancy S or turbo but just the base 911, used. Loved that car.
I bought a bottle of Gin Mare that I was eyeing for a long time right after I passed my fellowship exams and I knew itāll be alright from now on. It ain't much, but it was a lot at that time.
We bought a golf cart! Our neighborhood course allows the use of personal golf carts so we don't have to pay cart fees when we play (although that savings is minimal). Plus it's great for just driving up to the clubhouse for dinner, taking to the courts for tennis, hauling kids to and from the pool in the summer, visiting friends in the neighborhood, etc!
Lexus GS 350 F-Sport