boat payments:-(

[GeoFisher]

I've had 5 boats in my life, not including my canoes.

Every boat has been a progression to a better boat. My next boat will probably be a nice glass boat. Maybe NOT. I purchased my last boat in 2006 and paid CASH for it. I have been saving dollars since then for my next boat. When I get to a point to when I'm ready to buy it, I will sell my existing boat, look at my budget, and BUY a good, CLEAN used boat.

AND I will pay cash.

Later,

Geo

[SLP]

I was fortunate that early in life I was taught the wisdom of not borrowing money for items that depreciate in value.

[Lowerider]

I was fortunate that early in life I owned a boat. Wouldn't trade those memories for the interest payments back to this day.

Now I have 3.

To each his own.

[HURRICANEBOB]

I was fortunate that early in life I was taught the wisdom of not borrowing money for items that depreciate in value.

Now all I have to do is convince Walmart of that and maybe they will let me lease milk and eggs. After all, I never retain possession of them for long, and after being used they come out exceptionally depreciated.

Won't it be great if we could "rent" beer.

Seriously, that is great guidance. If it depreciates rent or lease it, if it appreciates buy it.

[Hershey102]

I've had 5 boats in my life, not including my canoes.

Every boat has been a progression to a better boat. My next boat will probably be a nice glass boat. Maybe NOT. I purchased my last boat in 2006 and paid CASH for it. I have been saving dollars since then for my next boat. When I get to a point to when I'm ready to buy it, I will sell my existing boat, look at my budget, and BUY a good, CLEAN used boat.

AND I will pay cash.

Later,

Geo

Spot on, George.

Make boat payments to yourself and use them to buy the next upgrade. It's a fundamental lesson we can teach our children . . . you don't build wealth by going into debt. It takes maturity and discipline to say no to instant gratification. Having said that, I appreciate the original poster's humble observation in sharing his experience and offering food for thought.