Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge,

skills, insight and encouragement you need to live a rich and meaningful life now and fun life

while building a plan for financial freedom in 10 years or less.

Today, Fun Friday question.

Question comes in from Chris.

Very interesting.

Says Joshua, looking to see if you have any insight on emotional

or psychological decisions versus logical decisions

when it comes to finance. Backstory.

I have a paid-for 20-year-old Harley-Davidson motorcycle.

I have not ridden it in three years. I spend about $200 per year on an insurance policy.

Each spring I do maintenance on it which costs about $30 and living in Minnesota we only really have six months or so of decent

riding weather.

I have a big garage so storage is not an issue apart from each winter when I have to move

it around in the garage and I tell myself

I'll sell it in the spring. I can make the logical argument to myself that I need to sell this.

It is a depreciating asset, costs money to maintain and insure, and it really brings no value to my life.

However, I cannot bring myself to sell it.

I have no pressing financial obligations, so the five or six thousand dollars that I would get from

selling it would really not do much to improve my life. About the only thing that I

would do with the money is put in a taxable brokerage account. I've told myself I'm

going to sell this bike for years now, but I still can't

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