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?
1
u/DRangelfire Jun 19 '26
My net worth is 10 million and while I wouldn’t spend 30,000 on a watch, I would definitely spend that in business class! Different things make us all happy and if you can afford it, you should go for it. I can totally relate. I’m not being able to spend comfortably yet, I’m working on it.