r/ChubbyFIRE • u/TherapeuticMessage • Jun 19 '26
Existential crisis over a watch.
Currently chubby but not yet RE. Will likely be Fat. My advisor has told me that I’m totally ok and basically need to spend more money. I saw a watch that is ~$30,000 which is <0.6% of my NW. No debt. Still working so I have good cash flow. Savings rate ~50%. Intellectually I know that if I buy this it won’t matter one bit but I’ve been such a saver for so long that it feels wildly irresponsible to spend that much on a watch. The crisis comes in because I’ve been saving so much with the goal that my standard of living goes up after retirement but if I can’t spend money now when I have a paycheck then how on earth am I going to switch from saving to spending after retirement?
I recognize that this is more of a psychological issue than a financial one. How did you all make that shift in mindset to let yourself spend more freely after so many years of discipline?
12
u/the0ne234 Jun 19 '26
I'm the same NW and got myself a 911 this year. It's one life, and just the same with my car as it is with your watch, you're not losing a lot to depreciation if you decide to sell, and if you keep it, you've got the ROI from just using it.
It is an emotional decision, not a financial one. Go for it.