Money Confession – Boat
By Jeffrey Strain, August 14th, 2007 | 7 Comments »
We all have money secrets. As I have given talks, I ask the audience members to anonymously write down and confess one of their money secrets. This is one of the confessions that I received. This is confession number 35 in the series:
“I bought a $75,000 boat that I have only used 3 times in 5 years.”
Other confession already listed:
- The First 25 Confessions
- Shopping
- Taxes
- College
- Dining Out
- Artist
- Working
- ATMs
- Retirement Savings
- Poverty
This confession photo courtesy of 4tunate1
Time to sell the boat and recover whatever you can from a bad purchase. And hopefully a lesson has been learned.
That was an expensive purchase. For $25,000 a boat ride, you could have rented one hell of a boat.
They say the two happiest days in a boat owner’s life are the day he buys the boat and the day he sells it.
That is my belief. Will never own a boat. Although some good friends just spent $107k on theirs. They use is religiously every weekend since Memorial weekend and they take it to many different lakes/rivers. We have had the joy of spending time with them on a few of the weekends this summer. They of course have the where-with-all to afford it so thats not in question. Not everyone regrets their purchase. For me, I WOULD fall into that category.
I’ve always thought it would be great to have a friend who has a boat.
I wonder if that guy could rent out his boat?
And we are all assuming that he paid cash for it. Most likely he took out a loan meaning the cost was well over $75,000