Seeking Advice of the Wiser - Recently Purchased My First Watch

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Are there certain watches that have this "danger zone" for date changes? Or is this something that applies to most watches? And good to know on the refinishing, although I don't own any really valuable watches and I think that mostly applies to those collectibles? Thanks for your advice here!

I believe this "danger zone" on date changes applies to many, but mine in particular was/is caliber 1120. I suppose it might have been easier to say that the advice to my younger self would have been to read the instructions more thoroughly in general (thus covering topics such as date changes).

Regarding the refinishing, I do see the topic come up a lot in regards to the collectible watches. Mine my not be valued the same but has significant sentimental value and it's disappointing seeing the lack of a chamfer on the underside of my SMP's case (now ground down), and the area near the crown guard where it looks like a polishing device sat too long. Back then I was hardly wearing it (i.e. no scratches) and wish I'd known I could have requested "no refinish, please". Leaves this uneasy feeling as I could have prevented it by doing some research or asking some more questions.
 
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Your point #2 is especially compelling for me. Thank you for that re-frame. I did not even plan to "save" towards my next purchase. I was really just planning on buying my next watch after (1) I decided what it would be and (2) when I came across an acceptable deal. I should really sit down and determine what my budget should be... Are there typical "tiers" that could help me decide? E.g.) $0-$500 gets you decent watches, then the next level up would be $2-$3k for entry level, then $5-$8k for the bulk, and $10-$15k for upper tiers of affordable luxury. I made these up obviously but am wondering if in reality there are clear tiers of pricing.

My main reason for above was the scenario many face, they buy Say three lower price watches and then buy a More expensive watch then have three watches you hardly wear.
 
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3.) How should I approach considering my next purchase? There are so many brands, styles, and categories of watches out there, it is a bit overwhelming. What is your personal philosophy on what you purchase & keep in your collection?
There are no rules. Buy what you like and buy what you will enjoy wearing. If you buy something that you're either afraid to wear or just because someone else said it was valuable/worth collecting then you're not doing yourself any favors. Personally, I have to fight the "limited edition" and the "so-and-so wore this in space" temptations with a few watches that I don't actually find attractive.