Editor's Note: This is the first edition of our new content series Smart Money. Here we'll explore some of the most iconic gear, gadgets, and more while simultaneously shedding light on wallet friendly alternatives that don't compromise where it counts. Enjoy!
You'd be hard pressed to find a watch as iconic as the Rolex Oyster Perpetual Submariner. Veteran of 11 James Bond movies, untold campaigns by Navy Frogmen, and Lindsay Lohan's wrist, this watch is the original gold standard for diving watches, even if you get the stainless steel version. Though it's a luxury item, the Submariner's immaculate in-house movement keeps it ticking for your grandkids and keeps its legendary resale value for pawn shop emergencies. But despite the long list of pros, it has one con. A big, fat $7,900 con.