The High Cost of Cruising
On Jun 24, 8:26*am, "Doug Dapner" wrote:
I strongly recommend taking a look at what Wilbur Hubbard has done. He has
minimized the expenses and maximized the enjoyment of world class blue water
cruising. What is most amazing is that he has done this all out of personal
philosophy, rather than economic necessity, decades before the current
economic upheaval. He seems to have the amazing power to see beyond the
years and can extract the essence necessary for a life well lived. He is
also a master mariner, specializing in sailboats, so he can offer sound
advice based upon many years of experience. Few ever find fault with his
sagely words.
"Tim Shavinsky" wrote in message
...
Cruising is driving me to the poor house.
I typically put on 250 hours a years at 4 gph which puts fuel at about
$6,000.
The dockspace is costing me $5,000 a year.
Maintenance, insurance is $3,000 a year.
Depreciation of the trawler is $8,000 a year.
Opportunity cost(@ 5%) is $10,000 a year.
The thing is costing me $32,000 a year!
If I just took the money I paid for it and invested I could getting
checks for $10,000 a year rather than being 30K+ in the hole each
year. In 3 years I could have 30K in cash by foregoing the boat or be
100K in the hole.
On the horizon I only see higher fuel costs and everything else going
up in cost, the boat plummeting in value and no increased return on my
retirement egg. I love the boat but this is really draining *me, I am
seriously considering pulling the plug before things get worse. Does
anyone here have any creative solutions or are we all in the same
mess? I figure I need *25 years of retirement funds and won't make it
with the trawler. Is there an American friendly country with cheap
fuel, good health care and low expenses? Thanks everyone.
Tim Shavinsky- Hide quoted text -
- Show quoted text -
Pretty good troll over all Wilbur/Neal/Doug/Tim but you blew it when
you took your own hook line and sinker.
Try harder Wilbur, this one was patheticly transparent
Fred
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