How do you fund your sailing... Hints, tips, just frugal? - Page 10 - SailNet Community
Reply
 
LinkBack Thread Tools
post #91 of 92 Old 04-16-2007
Telstar 28
 
sailingdog's Avatar
 
Join Date: Mar 2006
Location: New England
Posts: 43,290
Thanks: 0
Thanked 15 Times in 12 Posts
Rep Power: 14
         
Valiente-

You forgot a part in step six. Buy another boat, so I don't have sailing withdrawal...

Sailingdog

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

If you're new to the Sailnet Forums... please read this
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
.

Still—DON'T READ THAT POST AGAIN.
sailingdog is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #92 of 92 Old 04-16-2007
Senior Member
 
Valiente's Avatar
 
Join Date: Jun 2006
Location: Toronto
Posts: 5,491
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 11
   
That's covered. I'm "selling" my old 33 footer to a friend without actually taking a penny for it. I will merely hold a lien against it. That way, I am listed on the insurance forms as "first creditor" for the entire boat value: if she sinks, I get the cheque for it. My friend gets the use of the boat while we are away for the cost of dockage, storage and maintenance, and as he's a general contractor who is also rebuilding an eight-metre class wooden wonder, I don't have many worries on that score.

If I decide I don't want it, he gets right of first refusal. If he doesn't want it, I sell it and give him a 10% commission for the care and feeding of, etc.

It's the only way I could think of to keep a hold on a boat which I've spent seven years fixing up, and which is perfectly sized and shaped for Lake Ontario, but which is just as inappropriate for offshore as my new passagemaker is to Lake Ontario (not so much inappropriate as oversized and undercanvased, really...more boat than is necessary).

Here's the old and new side by side. The blue one's "under new management" for a few years.


And underway. It's a leaner C&C design from circa 1970, more racer than cruiser, but we like its Spartan layout and speed.
Valiente is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Cats on Board slosharron Living Aboard 74 04-07-2014 09:12 AM
Top 10 Sailing Venues Dan Dickison Cruising Articles 0 08-11-2002 08:00 PM
Single-Handed Sailing John Kretschmer Her Sailnet Articles 0 10-19-1999 08:00 PM
The Joy of Night Sailing Sue & Larry Seamanship Articles 0 05-31-1999 08:00 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome