Wilbur Hubbard inscribed in red ink for all to know:

"Lauri Tarkkonen" wrote in message
...

In "KLC Lewis"
writes:


wrote in message
...

Net loss of 270K. You pay 27 thousand dollars a year to use your boat

a dozen or so weekends a year. Stupid, just plain stupid!

Think about it.

Wilbur Hubbard


Now Wilbur do the math if the idiot did not purchased a boat.
Show with concrete evidence what happened to the 270K that what not
spend
buying and maintaining a boat.


"Wilbur Hubbard" wrote in message
...

The average idiot buys a boat for say 100K and finances it for ten
years. He fits it out and keeps it in a slip. The fitting out
costs 20K,
the slip costs 5K per year, the insurance costs 1K a year. Haulout
for
bottom paint 1K a year. Fuel 1/2K a year.

After ten years the idiot has spent 250K paying back the loan, 20K
fitting out, 50K slip fee, 10K insurance, 10K haulout, 5K fuel, oil,
filters, etc.

345K invested in a 100K boat that perhaps can be sold in ten years
for
75K. Net loss of 270K. You pay 27 thousand dollars a year to use your
boat a dozen or so weekends a year. Stupid, just plain stupid!

Think about it.

Wilbur Hubbard


As for me and Essie, I paid cash for her (all of $8,000) and have
probably
put another $15,000 into new sails, rigging, instruments, anchors and
other
improvements over the past 6 years. I pay about $3,000 per year on
summer
slip / winter storage. Insurance is about $350 per year. Fuel? I haven't
bought any for years -- I probably burn about $10 worth in a season,
since
the motor rarely runs and only burns about a quart an hour. Haulout for
bottom paint? Hauling out happens every October, as close to
Halloween as I
can manage. I repaint the bottom, if needed, before splashing in the
spring
(one month from today) and isn't an extra expense. But everywhere
I've been
where bottom painting requires special haul-out, it happens every three
years or so, and costs about $500. Even if it's a grand, it's not a
grand
every year.


What's she worth today? I can't say. I wouldn't sell her for rubies.
If I go
broke and bankrupt and lose 'most everything I own, I will still have my
boat which will be my only home. People go to bars and pay $5.00 for
a drink
which passes right through them after stealing their brain for a
spell. To
me, THAT is a waste of money. Whatever floats y'er boat, mate!


We all know that it is dangerous to have more money than brains. To me
you are very fortunate, you are rich enough to get a boat enjoy it and
this other man is so poor he must calculate if he can afford one or not.
As he can not afford it, we really should feel sorry for him.

- Lauri Tarkkonen


Lauri,

You are a trip. So touchy-feely and all that liberal crapola. If it
feels good go it. But have you never stopped to think you could have
taken your investment advisor's advice and invested in something that
would earn you some money instead of something that cost you an arm and
a leg? You can always charter a boat for a week-end if you highly value
a sunset somewhere aboard. The best of both worlds can be had with a
little sane thinking. I can tell from your posts that you are quite
impoverished. People who say it's dangerous to have more money than
brains usually have less brains than usual. You can NEVER have too much
money. Just like you can never have too much fun.

But, you do sound kinda cute. Do you have a nice figure? Are you 35 or
under? Do you have all your teeth? Can you read a compass. Post a link
to a picture if you're attractive. I'll take you out on my (paid for)
boat (a Swan 68) and we can have a sunset all to ourselves. I live like
a king. You can be queen for a day.
How's about it honey?

Wilbur Hubbard

An American businessman was at a pier in a small coastal Mexican village
when a small boat with just one fisherman docked. Inside the small boat
were several large yellow-fin tuna. The American complimented the
Mexican on the quality of his fish and asked how long it took to catch them.

"Only a little while, senor," replied the Mexican.

The American then asked, "why didn't you stay out longer and catch more
fish?"

The Mexican explained that he had enough to support his family's
immediate needs.

The American then asked the Mexican how he spent the rest of his time.

The Mexican fisherman said, "I sleep late, fish a little, play with my
children, take siesta with my wife, stroll into the village each evening
where I sip wine and play guitar with my amigos. I have a full life..."

The American interrupted, "I am a Harvard MBA and could help you. You
should spend more time fishing and, with the proceeds, buy a bigger
boat. With the proceeds from the bigger boat, you could buy several
boats. Eventually you would have a fleet of fishing boats. Instead of
selling your catch to a middleman you would sell directly to the
processor, eventually opening your own cannery. You would control the
product, processing and distribution."

"You could then leave this small coastal fishing village and move to
Mexico City, then LA and eventually NYC where you will run your
expanding enterprise."

Then the Mexican fisherman interrupted, "but senor, how long will this
all take?"

The American replied, "15-20 years."

"But what then, senor?" asked the Mexican.

The American laughed, and said, "that's the best part! When the time is
right, you would announce an IPO and sell your company stock to the
public. You'll become very rich, you would make millions!"

"Millions, senor?" replied the Mexican. "Then what?"

"Then you could retire, move to a small coastal fishing village where
you would sleep late, fish a little, play with your kids, take siesta
with your wife, stroll into the village in the evenings where you would
sip wine and play guitar with your amigos."


bob
s/v Eolian
Seattle