How much to spend on your boat compared to your wealth?

What did you spend as a % of your wealth (identity not shown)

  • Less than 2%

    Votes: 10 14.5%

  • 2% to 5%

    Votes: 12 17.4%

  • 5% to 10%

    Votes: 21 30.4%

  • 10% to 20%

    Votes: 11 15.9%

  • Over 20%

    Votes: 15 21.7%
  • Total voters
    69
Deleted User said:
Bit of a bummer if you soldier on for another 10yrs after youre too decrepit to go boating though;)
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As good a reason as any to ignore percentages like this and get your boat while you're young rather than waiting for your net worth to increase.
Pensions and House values are mostly a function of age, the older you are the more your house and pension are worth, but the less you are likely to earn between now and retirement.
A more meaningful number would be the percentage of net worth excluding your main home and pension, but most of us would be happier not knowing that :-)
 
Well for us it depends how you value your boat to making you feel alive , so we were living in a flat saving up for a deposit for a house, then I borrowed a boat off my mate to ski at Windermere we slept on it as well, great weekend. Took the boat back , he says buy it so I told swbo and yes we spent all the deposit on the boat now on our 9th boat. Do we enjoy our 42/5 any more than the 19 ft , no my point get on the water and your boat grows with your wealth.
 
Kind of on topic but a statistic I found interesting was the income gap between the bottom 10% and the top 10% was 10.5 times which I find quite acceptable when you think of the risk and sacrifice that most of the top 10% have taken.
However the top 10% have 219 times more in assets which makes them appear a whole lot wealthier.
Source; OECD
just sayin’
 
After spending loads every season, I have nothing to show except for a huge sense of peace, happiness and enjoyment. I don’t have a lot but, what I can spare after everything that’s necessary , gets spent on boating stuff !! Not sure how that equates to net %’s etc etc but, I don’t really care !!
 
At the crudest level of maths, it stands to reason. If someone has 10x the income of another, he/she/they will have 200x the assets in 20 years.
 
NDB said:
After spending loads every season, I have nothing to show except for a huge sense of peace, happiness and enjoyment. I don’t have a lot but, what I can spare after everything that’s necessary , gets spent on boating stuff !! Not sure how that equates to net %’s etc etc but, I don’t really care !!
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+1
 
jfm said:
At the crudest level of maths, it stands to reason. If someone has 10x the income of another, he/she/they will have 200x the assets in 20 years.
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Unless you are a a spine surgeon in the US, that is... :rolleyes: :D
 
NDB said:
After spending loads every season, I have nothing to show except for a huge sense of peace, happiness and enjoyment.
I don’t have a lot but, what I can spare after everything that’s necessary , gets spent on boating stuff !!
Not sure how that equates to net %’s etc etc but, I don’t really care !!
Ian h said:
+1
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+2.

If I may quote Jack Nickolson, from The Bucket List...
"What do you think happens now?
I go back and sit around listening to people talking about mezzanine financing and subordinated debt, pretending that I care about dead money.
You go home to some ceremonial procession into death with everyone standing around watching you die while you try to comfort them."
 
MapisM said:
+2.

If I may quote Jack Nickolson, from The Bucket List...
"What do you think happens now?
I go back and sit around listening to people talking about mezzanine financing and subordinated debt, pretending that I care about dead money.
You go home to some ceremonial procession into death with everyone standing around watching you die while you try to comfort them."
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“....Skydiving huh....” but the point is well made.
 
Here is something that i looked at recently as i am new into this. I spent 15% of annual income in the new boat. It will cost between 2% and 4% to run so i feel comfortable. It is a lot of money anyways but the important as referred is to live life. It is really short and more than half has already passed...
 
I would simply ask if an attempt to obtain such personal information about people is appropriate on this forum.
 
Assassin said:
I would simply ask if an attempt to obtain such personal information about people is appropriate on this forum.
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Do you think anyone is telling the truth anyway! I can’t remember the last time I was honest about how much my boat costs. Everything is half price if anyone asks :):):)
 
Money spent on boats and boating has been worth every penny.
Owning and running a boat has , more than any other thing, been my antidote to the stresses of work. The boat has therefore motivated me to keep working.
So by being my primary source of wellbeing the boat has, indirectly , helped me to earn money. Therefore not a cost at all but a benefit.
 
MartynG said:
Money spent on boats and boating has been worth every penny.
Owning and running a boat has , more than any other thing, been my antidote to the stresses of work. The boat has therefore motivated me to keep working.
So by being my primary source of wellbeing the boat has, indirectly , helped me to earn money. Therefore not a cost at all but a benefit.
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:encouragement: what he said
 
MartynG said:
Money spent on boats and boating has been worth every penny.
Owning and running a boat has , more than any other thing, been my antidote to the stresses of work. The boat has therefore motivated me to keep working.
So by being my primary source of wellbeing the boat has, indirectly , helped me to earn money. Therefore not a cost at all but a benefit.
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Well done :encouragement: you have taken man maths to postgraduate level
 
Bouba said:
Well done :encouragement: you have taken man maths to postgraduate level
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And way beyond. I think MartynG should be appointed our resident forum Professor of Man Maths. That is as brilliant a piece of man maths as I've ever seen:D Respect
 
I thought to have implemented some remarkable man math when I decided to keep the antidote to the work stress, while getting ride also of the work stress altogether... :cool:
But I must admit that MG reasoning is in another league - if nothing else, because it can be applied throughout the whole working life.
He does get my vote as resident Professor, though I can think also of several Principal Lecturers, here in the asylum! :rolleyes: :D
 
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:D Oh rubbish. I'm surprised you last three ever bought a boat with those fiscally cramped opinions. I dont want to be better off in my dotage. I want to maintain my standard of life throughout life. I had a vocation. It was great while it lasted and I would recommend to anyone to chose that path if it brings them joy. Now I work for money and get my kicks outside the work environment. All you patronising fogeys on about frittering ones bucks away are incredibly presumptuous from a younger man's viewpoint. My epiphany after being an eager and exemplar slave to the modern workplace was life balance. Too bad it only came at 40. Now every day is a holiday and my retirement? I already own villa on an island in paradise albeit inherited, I'm just not ready to retire just yet.
 
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