I have a friend who recently bought a boat, not a canoe or a yacht, just a boat. He timed the purchase just right (“They’re cheaper at the end of the season!”), and on a sunny Sunday in September, he made it his.
Within a month he wanted to take it to a few other lakes. He needed a truck for that. Then someone told him he should buy a lift to keep the boat out of the water. Off-season storage keeps it nice, someone else whispered. That $45,000 boat quickly became a money pit.
And then the...