I'm buying a boat because I'm bored and when consideing a new hobby his is the only one which excited me.
We are boating fanatics. It's deep inside us, an addiction. It's where we want to be and nothing else compares. (Well, my wife just reminded me one thing does).
Something about that 10'x12' mattress?
-Chris
Time spent on a boat is not deducted from your life span.
Buy the boat, don't keep any records.
Time spent on a boat is not deducted from your life span.
No, No, No. You must keep records unless you have a photographic memory. Even if you dont sell the boat some day when the records will increase the yield. You still need to know what you replaced and WHEN.
My mistake. I keep very detailed logs. But I don't really have a feel for what the boat is costing me. I can tell you what my kids cost me, but not the boat.
We are all idiots! [emoji30]
No, No, No. You must keep records unless you have a photographic memory. Even if you dont sell the boat some day when the records will increase the yield. You still need to know what you replaced and WHEN.
My mistake. I keep very detailed logs. But I don't really have a feel for what the boat is costing me. I can tell you what my kids cost me, but not the boat.
Great advice to keep a detailed maintenance log. Just don't ever add it up.
We have been tracking all maintenance, expenses and trip costs using an app. I now know roughly what my annual cost will be prior to the season (with $$ set aside for the unexpected). I also list future projects and projected costs along with prioritize non essential work.
We all have differing views on this.
I find it best to track all boat maintenance done, trip logs, weather, anchorages, fish caught, boat incidents, planned work etc, but without any mention of cost.
Analyzing costs could lead one to discover that boating does not make financial sense. I never want to know that I can't afford to boat.
I’m still just an aspiring idiot. 3-4 more years of saving, and I’ll be ready to go full-idiot.
I can’t wait.
[emoji106]We all have differing views on this.
I find it best to track all boat maintenance done, trip logs, weather, anchorages, fish caught, boat incidents, planned work etc, but without any mention of cost.
Analyzing costs could lead one to discover that boating does not make financial sense. I never want to know that I can't afford to boat.
Wifey B: You mean sleep? It's not sleep I was thinking of.
We all have differing views on this.
I find it best to track all boat maintenance done, trip logs, weather, anchorages, fish caught, boat incidents, planned work etc, but without any mention of cost.
Analyzing costs could lead one to discover that boating does not make financial sense. I never want to know that I can't afford to boat.