I will always have an up-to-date phone. I have for twenty years (and before that it was high tech pagers). It's just what I like. It's my hobby. I don't spend money on shoes, I don't spend money on watches, I don't buy Legos, I don't buy car parts. Once a year, maybe once every other year, I buy a phone. I use it 100x every single day. I take pictures of where I am, of my wife, of my son, of our pets. I read books. I do research (not original research for the pedants out there, technically a literature review, but nevertheless, most folks consider that simply "research"). I communicate. I veg out with YouTube. I tell the time. It has become my most important tool, and spending money on that has far more value to me because ultimately it saves me money. I couldn't do what I do today twenty years ago. Smart devices, access to all the collected knowledge of humanity in the palm of my hand, that value is immeasurable. And I'm OK with some luxury being associated with it too. Yeah, I could probably get by with a year old model. But I don't want to.