In a recent episode of The Ramsey Show, hosts George Kamel and Jade Warshaw responded to a caller named Jacob from Detroit, Michigan, who was considering financing an $8,900 Rolex watch. Jacob, a 20-year-old full-time worker, was looking to make his dream of owning a luxury watch a reality, but the advice he received was a stark reminder of the potential financial pitfalls of such a decision. Don’t Miss: Are you rich? Here’s what Americans think you need to be considered wealthy.Can you guess how many retire with a $5,000,000 nest egg? –How does it compare to the average?Elon Musk and Jeff Bez…