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[–] 178 points 2 years ago (37 children)

What an idiotic OP (in the picture not you). Go into debt over a status symbol with as much utility as a $10 substitute. Yes, brilliant advice.

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  • [–] [S] 178 points 2 years ago* (8 children)

    It was so phenomenally stupid that the guy got turned into a meme for a while on Twitter/X.

    https://knowyourmeme.com/memes/if-youre-a-guy-in-your-early-20s-buy-a-rolex

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  • [–] 24 points 2 years ago (3 children)

    Anyone else notice Gromit is shaped like curvaceous hips and ass? I really need to get laid.

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  • [–] 39 points 2 years ago (8 children)

    Same as all the muppets in the city dressed up to the nines in their new beemer than you know is on monthly payments.

    On the other hand; being debt free, now there's a status symbol..

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  • [–] 12 points 2 years ago (3 children)

    Being debt free one of the few status symbols you cannot see. At that point, is it a status symbol if other people cannot see it?

    I mean, I still agree though. Be debt free, seriously.

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  • [–] -1 points 2 years ago

    A healthy financial life contributed to getting me a wife. It also would've gotten me laid if life hadn't gotten in the way. A hot lady really liked my fiscal responsibility (her marriage was collapsing because her husband lacked that trait)

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  • [–] 10 points 2 years ago (3 children)

    being debt free

    I know a few people who are definitely not in a hurry to pay off low-interest mortgages from 2020 and 2021, but I suppose that they're already in a very different financial position from the people who might consider going into debt for a watch.

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  • [–] 7 points 2 years ago (2 children)

    Can't take the house with you when you die so the less you end up paying the better in a way, unless you have someone to pass it on to like kids

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  • [–] 7 points 2 years ago* (1 child)

    Those mortgages have an interest rate of less than 3%, but now the returns on even low-risk investments are higher than that, so the borrower is better off investing the money, using some of the profit from that to pay mortgage interest, and keeping the rest.

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  • [–] 30 points 2 years ago (7 children)

    Had a friend who graduated from Georgetown with a law degree and went to work at a NYC white shoe law firm. Shortly before his first meeting with a client, his boss dragged him into the office and opened a drawer in his desk. The man had half a dozen different watches, none of which were less than $10k/ea. He matched one with my friend's suit and sent him back out. Apparently, clients at that level simply won't take you seriously unless you've got that much on your wrist.

    That said, this was at an office on the penthouse floor of a lower Manhattan sky-rise. Nobody making cold calls out of a boiler room in Cincinnati cares that you overpaid for a watch.

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  • [–] 22 points 2 years ago (1 child)

    Read an anecdote of someone in a similar station who had a client file a complaint against them because their watch was too nice. See, he's the employee who is servicing the client. He's beneath the client. He can't be wearing nicer stuff than the client.

    I don't know how these people look at themselves in the mirror every morning.

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  • [–] 13 points 2 years ago (6 children)

    I mean when viewed from the perspective of his world it makes sense.

    He lives in a world where substance is meaningless and all that matters is appearance and bravado. I can appreciate why to him that seems like good advice. Just kinda bums me out people live like that, but I bet he's happy having power and influence and money. Good for him.

    I couldn't and wouldn't fuckin live that way and I will stick with my Casio a158, thanks.

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  • [–] 11 points 2 years ago* (5 children)

    I will stick with my Casio a158, thanks.

    Lol. That's a status symbol in different circles. Anyone I see someone wearing a classic Casio, I know we're going to get along.

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