Old plug Posted April 4, 2015 Posted April 4, 2015 There you go Mr BILL. You encourage these young people to spend their money. A rich fella like you does not see $60k as much at all. A lot of these young guys on here got young families and the responsibility of providing a roof over there head and good nutrias food in their mouths. I really worry for young families. With the state of this country and world. They could be broke faster than and in deep dodo in a matter of a couple boat payments. I really think they should be thinking about that before a $60k overpriced boat to be cool.
MeatintheFreezer Posted April 4, 2015 Posted April 4, 2015 Must be a lot of folks that manage money better than me. I make what I consider a pretty good living and cannot imagine spending over 40g on a bass boat unless I was gonna make an income with it. Just looked into buying a new F-150. Same deal. Prices are outrageous IMO. Will stick with my old Toyota and pay my mechanic to keep it running so it can drag my old paid for tin can back and forth to the lake. For all you guys with new trucks and 60g bass boats, good for you. That is awesome. Just can't bring myself to do it boys... Im in the same boat with you (pun completely intended). I earn a good salary for this region, and live comfortably, but I cannot imagine spending that kind of money on a boat, or vehicle, or dream hunt. I am certainly not knocking anyone who does, I'm just saying it is not for me. In my opinion, buying a new vehicle or boat is the worst investment a person can make (excluding businesses). Even if a person pays cash for a new boat, it will have depreciated 10-20% before they get it home. Use it 10 years and it will be worth around 30% what you gave for it. It don't matter how good you are at math, that just doesn't make sense. If they financed it, they are even more upside down. I'll buy that 10 year old, fully depreciated vehicle off someone who just lost their shorts on it, drive it for 5 years, then sell it for almost what I gave for it. Remember - If at first you DO succeed, try not to act surprised & quit while you're ahead.
5bites Posted April 4, 2015 Posted April 4, 2015 Plug I got the opposite impression from Bill. I don't think he's out of touch with reality regardless of his income. mixermarkb and Muddy Water 2
Jim Elam Posted April 5, 2015 Posted April 5, 2015 Plug I got the opposite impression from Bill. I don't think he's out of touch with reality regardless of his income. Jim "The obsessions of others are opaque to the unobsessed, and thus easy to mock...If we are lucky we all have at least one."
Jim Elam Posted April 5, 2015 Posted April 5, 2015 Agree. Bill is not pushing folks to spend that much money. Just making a point about the costs involved with doing what we all enjoy. I would love to have those nice toys, but like I said, I can't make a living with them so pretty hard to justify. Bill makes a living with his gear. Takes clients out and shows them a first rate time, start to finish. I have used him as a guide some years ago and he was excellent, the equipment was first rate, and I enjoyed riding In his nice pickup and top end bass boat. Learned lots and had a fun day... Jim "The obsessions of others are opaque to the unobsessed, and thus easy to mock...If we are lucky we all have at least one."
Champ188 Posted April 5, 2015 Posted April 5, 2015 This is a fishing forum where we talk mostly about bass fishing --- a darn expensive sport. Bill was marveling about folks dropping $50K on a hunt that was over in 10 days and saying you might spend that on a boat too but at least you get to enjoy it far beyond 10 days. Again, this is a fishing forum. That's what we talk about here. Bill or none of the rest of us are responsible for how anyone spends their money, young or old. If they are big enough to be on the forum, they're big enough to make their own decisions --- financial and otherwise. Grumpy53, Jim Elam, Muddy Water and 3 others 6
ness Posted April 5, 2015 Posted April 5, 2015 At least the bleeding is over quickly with a $50 thousand hunting trip. With a bass boat, the $60 thousand purchase price is just the first of years and years of negative cash flows. Champ188 1 John
Members Teddy Posted April 5, 2015 Members Posted April 5, 2015 Best advise I can give anyone is 'don't buy new'. Especially with sports cars and boats. It is not very hard to find a 10 year old bass rig with very low hours. Most people don't use their boat more than 10 times a year. Boats are very expensive. The average nice bass rig goes for more that what most people make in a year. You can get a very nice used boat for 1/3 or 1/4 of the cost of a new one. Just my 2 cents! Muddy Water and 5bites 2
Bill Babler Posted April 5, 2015 Author Posted April 5, 2015 Ya, I was for sure not condoning or encouraging anyone to spend anything, and don't see how that could have been misconstrued. I'm just saying that the cost of a hunting trip is just about the price of a piece of real property, that being a new bass boat. I for one would rather have the boat. I'm not rich in a monetary sense, contrary to popular belief. I am blessed in the fact that I have a beautiful wife and son and get to pursue a career that most only dream of. Good Luck Jim Elam, Muddy Water and Champ188 3 http://whiteriveroutfitters.com http://whiteriverlodgebb.com
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