Life is dangerous, just minimize risk where practical while doing what you enjoy. As for the boat, I would save my pennies and pay cash for a used boat. The only sensible reason to finance a vehicle is if you have the cash to make the purchase, can get a loan under 3%-5% depending on your risk tolerance, and invest the money instead. That makes sense and is reasonable for some folks, though personally I prefer the freedom and flexibility of no debt over a (probable) marginal net gain.
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