1/ You can possess watches for your own selfish pleasure and there's nothing wrong with that.
2/ Watches can impress people and be a great way to connect with "truly wealthy people".
3/ (Some) watches are fantastic investments.
Your Rolex or your fancy car means nothing to truly wealthy people.
People who achieve true wealth forgo dumb status games.
It's great to learn this early on so you don't waste too much money trying to impress semi-successful people.