On Wed, 21 Mar 2007 16:26:07 -0400, "Wilbur Hubbard"
wrote:


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.


If that sum wasn't spent on something else stupid and useless as far as
investment is concerned it could be invested in something that would
give a reasonable return. Things like land, stocks, bonds, gold(in the
last ten years), If you get a 10% return per anum your 270K will be
worth 540K in ten years. In twenty years it makes you a millionaire. So
you trade millionaire status for the privilege of owning a 100K boat?

That's totally insane. . .

Wilbur Hubbard

Hi Wilbur,

Perhaps to an accountant or to someone who values millionaire status,
but some people actujally make a concious choice having done exactly
those sums you have portrayed.

Some of us even went further along the path of your described
insanity. We built our boats from scratch even though we knew at the
outset that we could have had possibly a cheaper boat if we had
continued to work at high paying jobs and thus paid for said boat.

It all depends on what the individual wishes to do with his life -
become a millionaire or to gain immense satisfaction by fulfilling a
boyhood dream and building and sailing his (or her as in the case of
such as julia Hazel) own boat around the world or their backyard.

There are other dreams in addition to the rather pointless one you
seem to point to. Why spend all your life working for the goal of
retiring a wealthy man. I had a close friend with that aim. He died
suddenly at 45. His wife took up with a younger man who kn ew how to
spend money.

cheers
Peter Hendra