buying new lures and equipment all the time can cost lots of money. You can save money by making your own equipment. The first time that you make a lure it can turn out a bit messy, but with practice you'll get better. The simplest lure to make is a plug, so I reccommend that you practice on plugs first and then move on to other types. You can also make your own soft plastics with a liquid plastic called plastisol and various molds to pour it into. It is harder to make rods because there is alot of equipment needed, such as the wrapping machine, as well as many parts for each individual rod. Reels you should just buy because of all the hard work it takes to make them and because it can be very complicated.
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I have a tank of fish in my basement... if it were up to me, I would let them loose in my pool so I could fish in my backyard!