Boat payments

[314joey]

Cash is KING.

[GRADS]

I was paying $1600 a month for my Daytona. Combine that with a $500 a month insurance bill and $250 a month to store the boat. It was costing me almost $2400 a month before gas and beer.

[Paul65K]

My thoughts as well. I would carry that over for my vehicles too.

I agree....I only wish I had figured that out before I was 35......oh well better later than never!!

[bagged97taco]

I was taught at a young age that toys are a luxury item. No cash=no toys. Have yet to finance a toy. My wife wants a baller boat. Told her better hit the lotto or start hookin on the weekends. Haha

[PokerRun388]

I agree....I only wish I had figured that out before I was 35......oh well better later than never!!

Well you're only 36, so you weren't too far off...


Sent from my iPhone using Tapatalk

[GRADS]

Cash only.

I feel the same way now but it took until I was almost 40 to learn my lesson. The funny thing is, before the economy went down I had over half a million dollars in cars and boats but the reality of it was once I stopped making the payments I actually owned/had nothing. That is why everything I have now is paid for. It's nice not having any payments but it feels even better knowing that the bank can't come get it.

[SummerO]

Cash is KING.

Agreed!

[SBS933]

I also own all my stuff including my Chevy and boat, I worked my ass off getting my kid to the pros in motocross and to buy my boat with cash. I use some cards to party down at the river, but always pay em off. I hate taking a dime out of the savings for anything, you can come over to my house and i'll buy a shitload of beer and BBQ, but don't ask me for a dime.

[Paul65K]

I feel the same way now but it took until I was almost 40 to learn my lesson. The funny thing is, before the economy went down I had over half a million dollars in cars and boats but the reality of it was once I stopped making the payments I actually owned/had nothing. That is why everything I have now is paid for. It's nice not having any payments but it feels even better knowing that the bank can't come get it.

Good for you Grads.....way to go

Get your house paid off by the time you're 50 and 5 or 6 rental houses by the time you're 60 and the rest will all be a cakewalk