Skylark
Well-Known Member
I guess then James I was lucky to have good parents to teach old fashioned values. Study, get a good education, work hard, don't smoke, drink in moderation, get into a savings habit.
Cost p.a. of keeping your boat
- Thread starter Malo37
- Start date
I guess then James I was lucky to have good parents to teach old fashioned values. Study, get a good education, work hard, don't smoke, drink in moderation, get into a savings habit.
Sailfree
Well-Known Member
Or hard work.
Council house sorry that's too posh I mean a prefab in Peckham (dell Boy country!) single mum background, left school early. Girlfriend pregnant and Father at 20. All the things that's considered a bad start in life but did day release, full time job but mended cars in whatever spare time I had then went back to uni at 25 with wife and 2 kids and did a 4 yr degree in engineering. Paid for it with job and mending cars. Missed a lot of lectures and not on time with coursework cause I was mending cars to make ends meet but got through and became a chartered engineer.
As far as I am concerned I earned my money to buy the three new boats I have bought by hard work with no help from family and no inheritance. Finally retired after working 52yrs so I don't feel guilty about being comfortable.
I accept though that I was always bright and capable so have sympathy for those that arn't born with those skills. Just wish I could have been brighter, better educated than starting with a Dell Boy primary school in Peckham!
Last edited:
maby
Well-Known Member
Success is mostly down to hard work and talent, but there is usually a degree of luck involved as well. My wife is very hard working and studied hard at college before starting her own IT development business. She had no customers at all for the first year and virtually none in the second year. Early on in her third year, she was introduced to a project manager working for a large multinational with a project that was getting into serious difficulty - he gave her the opportunity to demonstrate her ability and she has been worked off her feet ever since - funding our house and two new boats in the process.
TiggerToo
Well-Known Member
yes, it is in the "books" that the accountant does for us every year. So does HMRC.
It is a loss I can afford also because First Mate earns some serious money and we share both our incomes.
When I want to feel virtuous, I think of the subsidy we hand over to the Cornish economy: we provide a loss-making boat to a local sailing school and charter company which (ultimately) attracts visitors to Falmouth and surrounds... :encouragement:
rotrax
Well-Known Member
Very similar to my life, but no kids untill 1983.
I remember doing a full days work, getting home and then servicing an Austin A60-12,000 mile-the big one,and then pulling the gearbox out of a Morris Minor to change the clutch. Got to bed at 2 AM!
Managed to get our first house at 24 years old. "Homers" were required to pay the bills and to pay for our motorbike racing habit.
You get out of life what you put in.
Tranona
Well-Known Member
Think you will find that the statistics do not bear this out. Boats are discretionary purchases and rarely bought with finance these days. Most of the banks have pulled out of marine finance because there is so little demand and the security is poor. They got their fingers burnt after 2008 as they ended up owning a lot of boats which were often worth, if you could sell them at all, less than the outstanding mortgage. Equally the other common form of finance, which I used to buy my boat in 2001, of additional interest only mortgage against the house is no longer as freely available.
Plenty of people can afford to buy boats with cash and the number will increase potentially with the new pension rules.
BTW you will probably find more owners (as a %age) of very high value boats do not pay cash but use other peoples' money rather than their own to finance their toys.
Comparison with cars does not help. The growth in finance on cars is driven not by the desire to own the car but through leasing type schemes so you only pay for the part of the life (and value) of the car you are using up with little intention of ever actually owning it.
Koeketiene
Well-Known Member
mcframe
Well-Known Member
How can I put a price on a school report for a 10-year old that says:
"X continues to demonstrate himself as being an outstanding mathematician both in his class work and in his assessment. He is able to *independently estimate and measure angles accurately using a protractor, plot coordinates* and calculate area without any issue."
Not sure about the area reference, but I did start him off with a laminated race chart, chinograph pencil and Bretton plotter about five years ago: "You want to go to the beach at Ryde? Tell me the course to steer!" ;-)
mcframe
Well-Known Member
If I walk home instead of getting the bus, I save £1.50.
If I walk home instead of getting a taxi, I save £20.
I *never* get a taxi.
pagoda
Well-Known Member
We did also. Worked fairly hard always, got rid of mortgage in 2004, saved more and bought first (big) boat for cash in 2009. Our parents never squandered money, neither do we, and our kids have a similar attitude, which is reassuring to find in someone in their 20s. You only get back what you put into life. Most freeloaders don't really score at all.
ronsurf
Well-Known Member
To answer the OP, I just tallied mine, and it cost about £1300 pa, including a genoa service and all new running rigging. I usually cycle to the boat, it's only a mile away (and downhill to get there!), and spend probably every other weekend in her and at least an evening a week (more if the weather is good!)
Just don't ask how much time she takes up. Boat and a band and a job - there's not much change out of 24 hours a day.
In fact if anyone has any tips on how to live on 24 hours a day, let me know.
Just don't ask how much time she takes up. Boat and a band and a job - there's not much change out of 24 hours a day.
In fact if anyone has any tips on how to live on 24 hours a day, let me know.
niccapotamus
Well-Known Member
HAH - me too. Boat, Job and Band with sailing every other weekend. Sadly a 2 hour drive to the boat.