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post #122 of Old 11-01-2013
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Re: "Free boat" seaworthiness

This isn't a personal finance discussion board but Capt. Jack needs to get his act together before he thinks about acquiring a 24' boat. Unless you make your living on the water, boats are luxuries. You need to take care of basics before you spend on luxuries. One of those basics is a rainy day reserve. He stated that he doesn't have any reserve funds. It's absolutely reckless to start thinking about buying a boat until you have six months living expenses sitting in the bank.
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