Quote:
Originally Posted by Descant
Rich people and poor people self-insure.
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If a "Millennial", a high percentage have tattoos and are regulars at "recreational pharmaceuticals". They're trying to get the most entertainment out of their dollar, but are spending themselves into the poor farm. We'd have millions-more
millionaires if they'd invested in Mutual Funds instead.
(Imagine—it was
my union who suggested this!)
Quote:
Originally Posted by Poor Richard
That article.....wow. Melodramatic much? So the captain owns two businesses, works as an aerospace consultant, raising two girls and doesn't understand the importance of insurance?
The reward money alone covers the boat and deductible.
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For a year—maybe two? I'd self-insure as well...
Quote:
Originally Posted by Major
Unfortunately, the owner didn't have insurance on the boat. In my opinion, if you can afford to own a Formula 252, you should be able to afford the $400 for insurance. I bet he wishes he spent the money for insurance now.
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OTOH, if you're spending "only $120", you might be surprised
who you're making rich—and
how it's affecting the holidays you and yours have been enjoying.
.