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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > How did you get the money for your first sailboat?
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Thread: How did you get the money for your first sailboat? Reply to Thread
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Topic Review (Newest First)
03-11-2013 09:42 AM
TheWollard
Re: How did you get the money for your first sailboat?

I saved tax returns and sold my Rolex. I had won the Rolex for being the #1 sales rep in the USA in 2008(the big ketchup co.) and although there is a lot of sentimental value, a sailboat would give me more overall pleasure. I wore the Rolex for 3 years then decided it was time to convert it into a sailboat.
03-11-2013 09:33 AM
splastiko
Re: How did you get the money for your first sailboat?

I've been saving since I got out of college, and also immediately started working about 5 days after my last day of college. I just started sailing at the end of last summer, and wound up buying an old flying scot off a new friend. I'm now learning to sail, and saving for a bigger boat one day.

I find myself constantly looking at different boats on yachtworld etc. and learning about them here. Patience is key, as I'd like to pay cash for my big boat eventually.
03-11-2013 04:50 AM
welljim
Re: How did you get the money for your first sailboat?

read a lot of "boat maintenance books", then looked for a project boat with good hull and put in a lot of sweat equity.
03-11-2013 03:03 AM
nasali
Re: How did you get the money for your first sailboat?

It seems that, you are really a lucky one! And also you are a bright man!
03-06-2013 10:43 AM
Cruisingdad
Re: How did you get the money for your first sailboat?

Maybe my story is a bit unique?

I did very well in my career. Made partner then took over ownership, then set up my own firm. Yeah, we owned houses. I had one on the golf course, one in the country with property, even had one just off the ICW and parked my boat behind it. But all that said, my wife and I decided long before that we wanted to raise our kids on a sailboat.

My oldest has been aboard since 5 days old. He is now 12 about to turn 13. My youngest has never known anything but boats. We have always owned one and if we didn't live on it, spent a lot of time on it.

We made a lot of "sacrifices". I shut down my business at its height (and walked away from a LOT of money). I sold my cars. I sold my houses. I sold or gave away everything I owned except the boat and what is now in a 10x15 storage. We just left St Pete for the last time after many wonderful months there. I am now tryping this anchored off of Emerson Point near Bradenton, Fl. Tomorrow we explore the ruins on Egmont. The next day we sail down to Longboat Key. After a few days there, we go to Venice. After a few days there, we go to Cabbage Key, then Fort Myers Beach for a week, then the keys for a month or so before heading to the Bahamas.

My kids are 20 feet away from me and we spend every moment together. I see my wife all day, everyday. We do everything as a family and its not always perfect, but it is together. My kids are not raised by a system, we directly influence their lives and education, they know their parents, we toast sunsets with each other everyday and play catch or monopoly or something as a family EVERY night. Every night.

SOund like a wonderful life? Sound like a blessed life? It is. Don't let anyone fool you or tell you otherwise.

You don't have to have a 40 foot vessel to do this. You don't have to pay cash for a boat. You dont have to work for years and years and stick every penny in a jar. THe secret to doing this is (shhhh, read this quietly): Just do it.

Just do it and break away from the chains that keep you in the "system". Live aboard your boat. Find one that speaks to you and that you are very comfortable on. It doesn't take a lot of money, it takes a committment to yourself and your family. If your present job would not allow you to live aboard, get another job! What are you so afraid of? It is a job, not a life! Find one on the coast where you can live aboard. Focus on your goal and don't let anything get in your way to get there.

When you do, give us a shout. We may very well be anchored right beside you. We will have a coke or beer together. We will toast your sunset as another success story of someone who put their priorities in the right order.

Brian

PS Sunset off of Emerson...

03-06-2013 05:08 AM
nasali
Re: How did you get the money for your first sailboat?

I am a full time student too, and have any way to earn money!
03-05-2013 11:56 PM
Lubrdink
Re: How did you get the money for your first sailboat?

The old fashioned way. I earned it. Paid cash money for boats 1, 2, and 3. Gave away 1 and 2 as an investment in some folks who wanted to sail. Watching them smile and enjoy it as a family pays off every time I see them. Good investment.
03-05-2013 11:13 PM
mr_f
Re: How did you get the money for your first sailboat?

Perhaps this thread will provide some ideas. Although you should probably learn some more navigation and boat handling skills before attempting.

http://www.sailnet.com/forums/genera...at-stolen.html
03-05-2013 10:35 PM
Turandot
Re: How did you get the money for your first sailboat?

I sued an insurance company for my 2nd and then SSD back pay bought my 35' yawl that I live on. Each one I paid cash so very little overhead, if you are the type who uses credit you can get a "yacht mortgage" and yes the bankers will look at you like you invented a new word, but have them look it up anyway and they will find it.
03-05-2013 12:33 PM
zeehag
Re: How did you get the money for your first sailboat?

i stole my sons inheritance and bought a derelict and kept working so eventually i earned a better boat...of course the marriage to the wrong jerk crimped it a tad, as he stole everything i owned , but i did come back better than i was before....just takes time and hard work. have fun.
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