Boats are considered money pits because of the never ending costs associated with enjoying them. If you think about it, they cost money to buy, run, store, repair and clean.
On top of that, you can always upgrade almost everything on a boat to enjoy it even more. Over time, it ends up costing a lot of money.
We have spent thousands on making multiple versions of our boat, and wouldn’t change it for the world!
Is a boat a waste of money?
That depends on the person asking the question… A boat is a waste of money if you don’t have time or money to enjoy them. If you have the money and time, then a boat is definitely not a waste of money. You can’t put a price on creating lifelong memories, like we have.
Are boats worth the money?
Boats are worth the money if you get more enjoyment for the cost that you put in. In our opinion, boats are clearly worth the money. Boating is a great thing to do with the people you enjoy being around.
We love being on the water and going on adventures, and that is worth a lot of money to us. We clean up trash out of the river and you can’t put a price on the satisfaction of trying to help.
Do you regret buying a boat?
We could honestly say that we don’t regret buying a boat. We have spent a lot of money and time making our diy pontoon boats, but we enjoyed every second of it. We loved it so much that we filmed a lot of it and put it on youtube for people to follow along.
What is the saying about boats and money?
There are actually a few of them:
“The 2 most enjoyable days of a boat owner’s life are the day they bought and the day they sold their boat on.”
“Buying a boat is the same thing as throwing your money into a money pit.”
A great boat acronym joke – “What does boat stand for? Bust Out Another Thousand or Bankruptcy On A Trailer.”
Why are boats a bad investment?
Boats are considered a bad investment because they usually lose their value pretty quickly, and are quite expensive to maintain. Investments are normally supposed to make money from your money, not lose the original money that you put it.
If we could make a few bucks from our boating related purchases, then it’s considered a win. For us, we think that boat’s are a great investment because of the amount of enjoyment that we get out of it. We are trading money to increase our happiness levels, not bank accounts.
Why is buying a boat a bad idea?
Buying a boat is only a bad idea if you don’t have the time or money to enjoy it. Our boating adventure was a great idea though, because we get great satisfaction building them and cleaning up the river.
Is a boat the biggest waste of money ever?
We don’t think so. The amount of time and enjoyment that we get out of our boat far outweighs the cost. Plus we are trying to clean up the water, which is really enjoyable. Most boaters dump gas and oil into the environment, but we use solar power and actually go on trash collecting missions.
The meaning of “a boat is just a money pit” is boats take a lot of money to run, and the money just goes into an endless pit, never to be seen again. We’re actually trying to generate money from our boating adventures though. We figure that we’re two good guys who are trying to do the right thing, and have fun doing it.
Is “Never buy a boat” good advice?
The financial advice of “Never buy a boat” is good in theory, but in reality, it’s not so cut and dry. If you have extra money that you’re looking to convert into fun, then a boat is actually a great choice. Yes, you can go overboard with extras, but if you’re good with money, it shouldn’t be a financial strain.
