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Boat Owners Rich?

Old 09-06-2018, 10:28 AM
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Default Boat Owners Rich?

Apparently some folks think if you have a power boat, no matter what the year, you are rich or "very well off". Same goes for those that own a motorhome or other recreational stuff.

We've had folks wonder about us, even though our boat is a 1992, not a 2018.
Old 09-06-2018, 10:29 AM
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Some people choose to travel, some choose to RV, some choose to boat. The question is why you care about what other people think. What you do is your business.
Old 09-06-2018, 10:39 AM
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Seriously that’s crap how much for a family of four to go skiing four times a year and have to pay for a house rental or hotel? By the time you get there lift tickets munchies for the children and dinner at the local restaurant. Probably 2k plus a throw!
Old 09-06-2018, 10:43 AM
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If you are rich, you should buy a boat.

it is a known remedy for that problem
Old 09-06-2018, 10:52 AM
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what can i say , we the rich folk !!!!!!!.
Old 09-06-2018, 11:05 AM
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Maybe they were rich, but they're not rich anymore after slip fees, insurance, maintenance, fuel, fishing gear, beer, and all the other stuff boat owners spend money on to enjoy their time on their water.
Old 09-06-2018, 11:13 AM
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We must be rich,after all ,a boat is just a hole in the water ,into which one throws money.
Old 09-06-2018, 11:17 AM
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Or in massive debt.

I know all about it, but damnit i'm having a blast!
Old 09-06-2018, 11:18 AM
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I'm getting a hand me down car next year instead of a new car.
Priorities you know.
Old 09-06-2018, 11:22 AM
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It's all perspective.....
tow your 1992 boat into the hood and pump 90 gallons of premium in it....YOURE RICH

Take your 1992 boat and pull up to a nice fuel dock in ft Lauderdale for the same 90 gallons. YOURE BROKE

Old 09-06-2018, 11:27 AM
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Well, ain't we living high on the hog.
Old 09-06-2018, 11:38 AM
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Funny... I had a friend say that to me too. I live in a medium size house for my town and drive a $40,000 Ford Explorer, meanwhile his house is almost twice the size of mine and he drives a 2017 Audi A7 that he probably paid about 80K for.... but because I bought a two year old, twenty three foot CC, I'm rolling in it...
Old 09-06-2018, 11:42 AM
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Experiences = rich. Money is a means, but not the only means to lead a rich life.
Old 09-06-2018, 11:44 AM
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Originally Posted by DEBTICATED View Post
Or in massive debt.

I know all about it, but damnit i'm having a blast!
Define massive debt. If you add up your assets, and subtract your liabilities, and you are still in the black, are you in debt? Or are you not in debt if you outright own everything-house, cars, boats, motorcycles, vacation homes etc. etc. etc. and carry absolutely payments book. I doubt there are many people that fall under that category.

For example. if you outright own, i,e. no lienholders all your stuff- your boat, car, toys, no credit card debt and the only payment you have is on your house, and that payment is manageable-albeit ongoing for say 10 yrs, then where do you stand?
Old 09-06-2018, 11:45 AM
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People think in loaded but I bought my house in 2010, so my housing situation is pretty good. I know guys who complain about money but blow $13 at chipotle everyday at lunch.
Old 09-06-2018, 11:46 AM
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Originally Posted by Strike1 View Post
Funny... I had a friend say that to me too. I live in a medium size house for my town and drive a $40,000 Ford Explorer, meanwhile his house is almost twice the size of mine and he drives a 2017 Audi A7 that he probably paid about 80K for.... but because I bought a two year old, twenty three foot CC, I'm rolling in it...
I have a 30 yr old 23 CC who give a hoot.............no matter what the age.....EXCLUDING payments, it cost the same to have in it your possession as a newer one does or more, slip, insurance, fuel, sea tow, winter storage & maintenance is
( higher on an older one )

Last edited by Mata Peje; 09-06-2018 at 11:54 AM.
Old 09-06-2018, 11:48 AM
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Rich? LOL. Never ending money pit..but worth it!
And increasing marina dues
..and the need to upgrade to a bigger one really soon....even more debt!

Ahh screw our savings and retirement warchest....go into debt for the boat!
Old 09-06-2018, 11:51 AM
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Originally Posted by MC View Post
Define massive debt. If you add up your assets, and subtract your liabilities, and you are still in the black, are you in debt? Or are you not in debt if you outright own everything-house, cars, boats, motorcycles, vacation homes etc. etc. etc. and carry absolutely payments book. I doubt there are many people that fall under that category.

For example. if you outright own, i,e. no lienholders all your stuff- your boat, car, toys, no credit card debt and the only payment you have is on your house, and that payment is manageable-albeit ongoing for say 10 yrs, then where do you stand?

It was a joke. Hence my name.

But yes, my boat is maintained with an open credit card. LOL
Old 09-06-2018, 11:51 AM
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I think it’s opposite, if everyone who has a boat didn’t, they would be richer. I have 3 and would be rich if I had none.
Old 09-06-2018, 11:51 AM
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Originally Posted by MC View Post
Define massive debt. If you add up your assets, and subtract your liabilities, and you are still in the black, are you in debt? Or are you not in debt if you outright own everything-house, cars, boats, motorcycles, vacation homes etc. etc. etc. and carry absolutely payments book. I doubt there are many people that fall under that category.

For example. if you outright own, i,e. no lienholders all your stuff- your boat, car, toys, no credit card debt and the only payment you have is on your house, and that payment is manageable-albeit ongoing for say 10 yrs, then where do you stand?

oh..............and no payments on your house either ???
Just $15,000 yr in taxes & $3600 YR HOA

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