I (25M) am considering buying a fishing boat that would cost me around $18k. I love fishing and currently have an older boat (worth about $5k), but this new one would have a much better setup for fishing and be able to handle rougher waters. Financially, I have 95k in savings (I was saving for a house purchase but due to a change in circumstances I dont expect to purchase a house for the next 3 years). I have no debt and have $65k in investments. The close family members I have talked to about this say this is a justified purchase, but I keep telling myself this is quite a large purchase and that I could just put that money to use by investing it vs. buying a depreciating asset. I make about $100k/yr. Is this purchase justified or is this too large a purchase at this stage of life?
Submitted December 26, 2023 at 12:04AM by Fisher9757 https://ift.tt/Pfp7N8n
