Real Estate Investing in the Real World
Real Estate Blog
SUNDAY, AUGUST 26, 2007

I’m not an electronic gadget guy (I didn’t run out and get an iPhone) but I am a fan of well made mechanical things. I’ll probably be the last guy shooting film while the world around me goes digital; I love my Leica rangefinder - the feel of those hand-assembled German gears pulling the film though the camera’s perfectly engineered sprockets.

But things like this are expensive, so they’re an occasional indulgence. When I glance down at my wrist I see my daily watch: the venerable Casio W-201. Date, time, alarm, stopwatch, water resistant to 50 meters. Accurate to fifteen seconds per month, and the battery lasts ten years without changing.

And the best part is that it costs about fourteen bucks at Wal-Mart.

So if I make a big windfall profit on my next sale how is it going to change my life? Well, not much, actually. I’m happy with the watch I have right now and buying a newer, more expensive one isn’t going to make me happier. This is a good proxy for my life in general - or at least the philosophy that I aspire to live by. Being happy with the here-and-now helps me greatly in trying to be good at what I do.  As a real estate investor it gives me the patience to do good long-term deals that build wealth, and the courage the take prudent risks when the right opportunity arises.

So for now I’m sticking with my plastic watch. And as an added bonus: whether I’m pushing a broom or swinging a golf club it’s so light I don’t notice it’s there!

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Comments(7)
posted by: Chris Smith
Comments
August 27, 2007
01:04 AM
It sounds like you've acquired the virtue of patience. Now you can use the other of gratitude for achieving it.
September 04, 2007
05:21 PM
Hey, same kind of watch I wear. Can't beat the price for the functionality.

Where else can you find a clock and calendar (that you don't have to fish out of your pocket to see), an alarm, a stop watch (does anyone acutually use that), and a flash light (that you don't have to look for in the dark)?

I think people are more comfortable seeing a real estate investor with a practical watch than one wearing bling.
September 05, 2007
03:12 PM
My wife isn't a fan, though. Her goal is to be a cheepskate without looking like a cheepskate, which this watch doesn't accomplish, in her book.
September 19, 2007
10:19 AM
You're lucky your wife at least wants to be cheapskate--I once bought a pair of sunglasses at Target for $4 because I needed a new pair and they were on sale. Within wearing them "out" once they were suddenly lost. Long story short I found them a week later buried in the wife's purse and when I asked her about it she replied "they look cheap and you don't care".
October 11, 2007
06:25 PM
Hey, you didn't tell me you bought that watch a WalMart! Booooooooo!
February 05, 2008
11:30 PM
Note of explanation: Patty Smith (above) is my wife, and she is not a fan of WalMart. I'm busted.
February 23, 2008
09:08 PM
You cant beat the good ole casio digital watches. They were hugely popular back when i was in primary school, in 1992. Its now 2008 and they are still around. Awesome.
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