"Short Wave Sportfishing" wrote in message
...
On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:


Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

I have never paid for a boat with a loan.


If you own a $100,000 boat without a loan, then that boat is still costing
you $6000-8000/year in lost opportunity cost...which is the amount you'd
have earned if you had invested the money in something else.

So there's $500-650/month.

Your insurance has to run another $200/month.

And your gas probably runs $300-500/month (and that's with just 20 hours of
usage per month).

Now add maintainance and oil, etc.

And bait, ice, fishing gear and tackle.

You're in the $1200-1500/mo. range too...and you didn't even realize it.



It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.


That's precisely the point that Chuck and I were making.