Money Confession - Boat


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:

boat
“I bought a $75,000 boat that I have only used 3 times in 5 years.”

Other confession already listed:

This confession photo courtesy of 4tunate1


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August 14th, 2007
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Reader Comments

Comment Number:
1
Written by:
dan
Posted on:
August 14, 2007 at 3:42 am

Time to sell the boat and recover whatever you can from a bad purchase. And hopefully a lesson has been learned.

Comment Number:
2
Written by:
benny
Posted on:
August 14, 2007 at 6:40 am

That was an expensive purchase. For $25,000 a boat ride, you could have rented one hell of a boat.

Comment Number:
3
Written by:
vsjhoc
Posted on:
August 14, 2007 at 9:01 am

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.

Comment Number:
4
Written by:
Joey
Posted on:
August 14, 2007 at 9:27 am

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.

Comment Number:
5
Written by:
anonymous
Posted on:
August 14, 2007 at 12:04 pm

I’ve always thought it would be great to have a friend who has a boat.

Comment Number:
6
Written by:
~Dawn
Posted on:
August 14, 2007 at 1:03 pm

I wonder if that guy could rent out his boat?

Comment Number:
7
Written by:
dean
Posted on:
August 14, 2007 at 1:52 pm

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



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