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Once you’re making a steady income — and hopefully putting some money aside, too — buying everything off the high street or shopping only in the sale loses its appeal.
No matter how long it takes to save for them, there are some items you should splurge on so they last you for life — and some may even grow in value, making them a good investment for the future.
We asked four people living luxurious lifestyles — including the Head Personal Shopper at Matches Fashion, the CEO of Joanne Beckham’s concierge company, and the head of VIP at Heathrow Airport — for the items everyone should invest in in their lifetime.
Scroll down to see what they said:
An investment watch— around £5,000.
Helen Ridge, Leasing Director at Value Retail — owner of the luxurious Bicester Village shopping areas around the world — said an investment watch is a must. Her pick? “A Cartier yellow gold vintage Tank watch that I was given for my 40th,” she said. The watch now retails from around £5,000.
Jay Smith, CEO of WeAreYourCity, a concierge company by Joanne Beckham, agreed — but he’d opt for the Patek Philippe Nautilus 5711 with a navy dial, which will cost you at least £32,000.
“This is the holy grail of stainless steel sports watches, one of the most sought after timepieces in the world,” Smith said. “Waiting lists are five to 10 years long or more and some authorised dealers have even closed their lists. A solid long term investment which can be enjoyed everyday.”
A tailored suit — around £3,000.
“When you walk into a business meeting, I believe your suit and presentation plays an important role in how you are viewed,” Smith said. “I always say it is better to be over-dressed than to feel under-dressed. First impressions count and a well tailored suit will make a difference.” Prices range depending on the designer, but on Savile Row, you’ll pay at least £3,000.
A high-quality chunky knit — around £300.
Ridge added that everyone needs a high-quality jumper, such as “a Bamford chunky knit from Bicester Village, which is perfect for cold country walks.” Similar designs retail for around £300.
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