Owning a Boat is EXPENSIVE! - Page 23

jephotog · #**221** (**permalink**) 07-18-2009

While not being a very good accountant, I did study it in Collidge.

I am not sure how to amortize this, but I estimate the first time you drink a beer while grilling some sausage (I recommend Savoie's) in your own cockpit is well worth the first years depreciation cost. An epic day on the water is worth the second years depreciation. If you are worried about the cost you might have spent more on your boat than I have, or you do not enjoy beer, sausage or sailing as much as I do.

jephotog · #**222** (**permalink**) 07-18-2009

Quote:

Originally Posted by sailak

Good grief.

I didn't buy a boat because it was a sound financial thing to do. I didn't buy the airplane for that reason either.

Someone quoted me recently.

"You know the fastest and slowest way to spend a lot of money"

rickysail · #**223** (**permalink**) 07-20-2009

Quote:

Originally Posted by sailak

Good grief.

I didn't buy a boat because it was a sound financial thing to do. I didn't buy the airplane for that reason either. I bought them because I wanted them and I could afford to operate them.

There's more to life than money.

As for the charter option..sure it's probably a better "financial" option but I find scheduling my boat much less of a hassle, everything is a tradeoff.

I couldn't agree more, unfortunately people are often so caught up in their day to day lives they often don't do things they really want to do and have a passion for, sometimes you just have to "push the boat out" - so to speak - and splash out on a bit of luxury

Yamsailor · #**224** (**permalink**) 07-21-2009

If you can afford it and have the time--just do it.

I would not however borrow against your house to buy a boat.

Delirious · #**225** (**permalink**) 07-23-2009

"You have no right to own a yacht if you ask that question"

J.P. Morgan, Sr, in answer to a question by Henry Clay Pierce of how much it costs to own and run a yacht.

No one needs a sailboat. We do this because we can and we love doing it. Justification be damned.

WheresTheBrakes · #**226** (**permalink**) 07-23-2009

just go NOW !!
Do it NOW..
think about it forever, wish forever, get hit by a bus..
Just get on a boat now !! make it better if you can !

roline · #**227** (**permalink**) 07-25-2009

The cost for sail boat loan, slip, and insurance is far less expensive that money spent on a shrink, and you have something to show for it.

TQA · #**228** (**permalink**) 07-25-2009

I sold my house, quit my job and went sailing for 7 years when I was 42.

The boat was called CARPE DIEM. There were so many great moments that money could not buy. One of the best things I have ever done.