15 things everyone should splurge on that will last a lifetime
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When you're earning a consistent income — and hopefully putting some money aside — buying everything on the high street or only shopping on sale loses its allure.
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Whatever it takes to save for them, there are some items you should splurge on so they last you a lifetime — and some may even appreciate in value, making them a good investment for the future.
We asked four people who live luxurious lives — 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 that everyone should invest in once in their lifetime.
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An investment watch— around £5,000.
According to Helen Ridge, Leasing Director at Value Retail, the owner of the opulent Bicester Village shopping centers around the world, an investment watch is a must. Her choice? "I was given a Cartier yellow gold vintage Tank watch for my 40th birthday," she explained. The watch is now available for around £5,000 on the market.
Jay Smith, CEO of WeAreYourCity, Joanne Beckham's concierge service, agreed — but he'd go for the Patek Philippe Nautilus 5711 with a navy dial, which will set you back at least £32,000.
"This is the holy grail of stainless steel sports watches, one of the most coveted timepieces in the world," Smith said. "Waiting lists range from five to ten years or more, and some authorized dealers have even closed theirs. A sound long-term investment that can be enjoyed on a daily basis."
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A tailored suit — around £3,000.
"I believe your suit and presentation play an important role in how you are perceived when you walk into a business meeting," Smith said. "I always say that it's better to be overdressed than underdressed. First impressions are important, and a well-tailored suit will help." Prices vary depending on the designer, but expect to pay at least £3,000 on Savile Row.
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A high-quality chunky knit — around £300.
Ridge went on to say that everyone needs a good jumper, such as "a Bamford chunky knit from Bicester Village, which is perfect for cold country walks." Similar designs cost around £300.
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A handbag for life — from £5,000.
"Forever Hermes Birkin!" Ridge stated. "My bag has proven to be an excellent investment." And it's easy to understand why. A Birkin sold for a record $380,000 at an auction in Hong Kong last May — and prices typically begin around £5,000.
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A leather jacket — around £3,000...
Everyone needs a leather jacket, according to Mari Solazzo, Head Personal Shopper at Matches Fashion, and she describes this Saint Laurent one (£3,420) as "a great transitional piece that can toughen up a ladylike dress or elevate a simple white tee."
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...and leather accessories — around £300.
Ridge's must-have item is a "Smythson pastel pink photo album for my daughter, which I purchased from Bicester Village." The album is priced at £275.
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Wireless headphones — around £300.
According to Priya Malhotra, head of Heathrow VIP, good wireless headphones, such as the Bose Quietcomfort 35 Wireless Headphones II (£329.95) with Google Assistant, are essential.
"Always improving," she said, "the latest model allows me to zone out, unwind, and relax wherever I am." "Perfect for long-haul business flights, they allow me to listen to music, receive messages, and sleep peacefully when necessary."
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A power suit — or blazer — around £2,000.
Solazzo recommends a power suit to be "ready to take on the day," like this Alexander McQueen blazer (£1,785) in a "elegant and vibrant color."
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A luxury luggage set — around £1,700.
As someone who travels frequently, Malhotra understands the value of having a good luggage set — and she believes you should go for something luxurious, such as Louis Vuitton's latest Horizon collection, where the cheapest suitcase is £1,680.
"The latest three piece luxury luggage set from Louis Vuitton ensures you always travel in style and delivers quality with performance," she explained. "
Smith also stated that good luggage is essential. "With so many people traveling frequently and the world seeming smaller than ever, I believe luxury luggage is essential. It will last longer, look the part, and go well with your travel outfit."
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A little black dress — around £400.
While a little black dress is a wardrobe must-have, it doesn't have to be dull. Solazzo suggests a fringe slip dress like this one (£395) for "a modern update on a classic 1920's-inflected style."
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High-quality skincare — around £15.
According to Malhotra, good skincare and makeup are essentials, and she recommends the Cliniquefit range, which starts at £13.
"Because these travel size essentials are portable and easily accessible, I always arrive ready to go," she explained.
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A wool coat — around £7,000.
According to Solazzo, a wool coat is a "sophisticated and versatile piece at all times," and she chose this style from The Row (£6,790).
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Property— around £500,000.
"The most important long-term investment remains property in the best location possible," Smith said. "Over the last 10-15 years, we have seen property prices in London double and even triple. With so much regeneration in all areas, I believe that property prices in London will continue to rise for many years." The current average price of a property in London is £496,000.
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Designer pumps — around £400.
According to Solazzo, black pumps like these suede ones from Aquazurra (£420) are "a timeless masterpiece perfect for a daytime to evening look."
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A luxury holiday — around £1,000.
Smith concluded by saying: "It's important to enjoy the fruits of your labor by treating yourself to a luxurious vacation. Fly far away, enjoy the sun, and then turn off your computer. Make memories that you will enjoy telling others about and that will make you smile when you reflect on them."
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