Every time my wife brings up the skis collecting dust in our garage, I’m reminded of the S.K.I. model — Storage Kills Investment.
But then I realised that I can sell them for pretty much what I paid for them, put that money into a savings account or investments and buy them same things back in a few years. So that’s what I’m doing.
And, of course, I probably won’t buy the same things back in a few years. If I do then I’ll have all the pleasure of the hunt again. Or maybe I buy something else. Or maybe I just have the cash sitting and I can count my gold, Smaug style.
But either way I won’t have spent thousands on storage.
That realisation was extremely liberating.
What is this? Google doesn't return anything for me...