4: Sell Your Boat
In Australia, there’s a little town called Longreach in Queensland.
Tell you what, there are people in that town that have boats in their garages.
Guess where the sea is?
East, 8 hours drive, 700 km away !
That to me is mental.
And how many times do you think people who buy expensive boats use their boats in a year?
Well, I’ve got a few friends I know that have boats and I’d say, they’d use on average between 5-10 times a year for recreational fishing and that’s it.
The boat simply lies in their garage not being used for 355 days of the year.
That boat can be sold for $5000 or $30,000…really depends on the type of boat, age and condition of the boat really.
And that’s money tied away in a boat that you hardly use and yet, there are people like that that complain that “Oh, I don’t have enough money to trade forex.”