Searush
Well-Known Member
That is not a bad point; a certain amount of fear is required for survival.
should I........
- Thread starter halyardmonkey.
- Start date
That is not a bad point; a certain amount of fear is required for survival.
Slackie
Member
I did just that last year - spent the first 6 months looking for something, the rest of the summer starting to sail her (an Albin Vega), the winter "improving" her, now looking forward to spending lots of time this year exploring with her.
I had somewhat less than you have to spend on her & am not regretting it yet ...
I had somewhat less than you have to spend on her & am not regretting it yet ...
D
Deleted member 36384
Guest
The Best Of Both Worlds
Excellent boat and can be had for a good price. Dont blow it all on yachts. Sometimes money can be hard to come by. Seriously consider £10k in a stocks and shares ISA for the long term, check out WWW.H-L.co.uk One day you are likely to look back and see that it has grown magnificently. So have the best of both worlds.
If you dont see yourself being in the system all your life, then blow it on a yacht, but its a long time to be old, working and poor.
Excellent boat and can be had for a good price. Dont blow it all on yachts. Sometimes money can be hard to come by. Seriously consider £10k in a stocks and shares ISA for the long term, check out WWW.H-L.co.uk One day you are likely to look back and see that it has grown magnificently. So have the best of both worlds.
If you dont see yourself being in the system all your life, then blow it on a yacht, but its a long time to be old, working and poor.
halyardmonkey.
Well-Known Member
D
Deleted member 36384
Guest
Who knows? Its possible to die tomorrow quite unexpectedly. My experience is that being bold and taking chances has made my life interesting. No one can decide for you. Plenty of people do much that is fun and not boring with little money.
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Ubergeekian
Well-Known Member
"You're a long time looking at the lid"
Cymrogwyllt
Well-Known Member
Not a boat I know.
I've just spent 30% of my free capital on a nearly new car. Given that my income is negligable It may be considered a bad thing. On the other hand having transport that is under warranty in a rural area is a good thing. A gamble whichever way you look at it. All we can do is do what we think is best at the time and not regret it .
After all, if I fail to wake up tomorrow it's not my problem. If I live long enough to get my pension then I could live on that.
I've just spent 30% of my free capital on a nearly new car. Given that my income is negligable It may be considered a bad thing. On the other hand having transport that is under warranty in a rural area is a good thing. A gamble whichever way you look at it. All we can do is do what we think is best at the time and not regret it .
After all, if I fail to wake up tomorrow it's not my problem. If I live long enough to get my pension then I could live on that.
halyardmonkey.
Well-Known Member
I knew this was a "meaning of life" and "how to live thread"...... Nothing about sailing really! I would say, I'll go back into therapy and work it out, but that's as expensive as sailing....Almost!
SvenglishTommy
Well-Known Member
I'm going through exactly the same dilema. Same age/situation (although I do have a small boat already).
I'm pretty sure I'm just gonna hit the seas and see what they bring. Life is too short, and I dont want to wait till I retire to do what I want to do (I'll probably have to work until I'm physically incapable of sailing anyway).
As many have pointed out though, buying a boat isn't throwing money away. I would never use the word boat and investment in the same breath, but you can usually get your money back if you change your mind (just maybe not very quickly). You can get boats for a lot less than 20K too.
I'm pretty sure I'm just gonna hit the seas and see what they bring. Life is too short, and I dont want to wait till I retire to do what I want to do (I'll probably have to work until I'm physically incapable of sailing anyway).
As many have pointed out though, buying a boat isn't throwing money away. I would never use the word boat and investment in the same breath, but you can usually get your money back if you change your mind (just maybe not very quickly). You can get boats for a lot less than 20K too.
alan_d
Well-Known Member
Maybe not, but maintaining one certainly feels like it. I suspect those that claim to have got their money back after x years are disregarding both inflation and the costs of maintenance/improvement.
SvenglishTommy
Well-Known Member
Indeed. I bought my boat for 10K 5 years ago, and I will probably get 11 or 12K for it when I sell - I see that as gaining back a small amount the 1000's that went into it over the years, not profit.
Babylon
Well-Known Member
Only you can decide!
Halyard
I've got a bit of experience with this sort of stuff.
20yrs ago (exactly the time of last bad recession) I bailed out of a potentially very lucrative but boring professional/commercial career to retrain in something creative but very uncertain. My middle-class friends all thought I was "terribly brave" but I didn't. I just couldn't bear any more of the safe but boring work meetings and boringly drunk socials. I never felt superior to my old colleagues or friends for taking these risks, I just had to do what I had to do.
I had a hard time at the cutting edge of my new life, but I learnt a huge amount about myself and the world outside of my safe upbringing. I was also smart enough to rent out my flat, but not sell it until the market improved. When my newfound career later went all wrong and - for my mental health - had to get far, far away from it, I sold my flat (into a better market) and put the money into retraining again and building a small business in the creative sector. I am now successful enough to rely upon my skills and my business for a reasonable living and to support owning a small yacht.
Part of how I now make a living is by training change-of-career adult students on year-long training courses in my own premises. I see a lot of potential applicants, from kids in their early 20s through to retired people. The typical applicant has anything between no higher education through to PhDs, and are working as (or have had careers such as) doctors, soldiers, accountants, scientists, photographers, chemists, school-teachers, computer-programmers, midwifes, builders, etc.
Lots of people would like to make the change to this more 'spiritually rewarding' way of working, but are worried about the short-term cost and their ability to make a longer-term living at it. I try to explain the different ways in which, after the initial training and a few years' experience, students can optimise their interests and strengths to build a modest but sustainable long-term business or employment. But, much as I like to liberate people from their money, I never pull the wool over anyone's eyes. If someone has the 'dream' but also has young children and a heavy mortgage, I'll dissuade them from doing anything more right now than a short starter or intermediate course, so they can enjoy working to a higher standard as an amateur in their leisure time.
I always end the interviews with the following statement: "I've never signed up anyone who hasn't already decided that this is what they want to do." That normally sorts out the wheat from the chaff!
One final point. You don't want to be old and poor. I'm coming across increasing numbers of people in their 60s and older who're working 6-7 days a week to make ends meet, and help support their kids who can't find work. The bare state pension is worth very little now, and will be worth less in 30 years time.
So, consider your options carefully. You can always sail (and you don't need all your time or a fancy expensive boat in which to do it) but you can't do nothing for a living if you lose your job - that's spiritually devastating. Increase the range and depth of your work skills NOW to make your NHS (or private sector) career more secure, segway into an adjacent industry, or retrain for another career (sailing instructor, marine maintenance, or similar).
Western and global economies are changing. The old certainties are over, even the old uncertainties are different. We're being forced into becoming a more mercantile economy and less certain society, with far fewer jobs for life. We need to stop believing in any sense of entitlement, and start thinking like the immigrant Asians, East Europeans or Chinese - who've got nothing to lose and everything to gain.
Think smart. Get this right, now, and you'll open up a wider and more comfortable range of sailing and living options for yourself over the longer term.
Babylon
Halyard
I've got a bit of experience with this sort of stuff.
20yrs ago (exactly the time of last bad recession) I bailed out of a potentially very lucrative but boring professional/commercial career to retrain in something creative but very uncertain. My middle-class friends all thought I was "terribly brave" but I didn't. I just couldn't bear any more of the safe but boring work meetings and boringly drunk socials. I never felt superior to my old colleagues or friends for taking these risks, I just had to do what I had to do.
I had a hard time at the cutting edge of my new life, but I learnt a huge amount about myself and the world outside of my safe upbringing. I was also smart enough to rent out my flat, but not sell it until the market improved. When my newfound career later went all wrong and - for my mental health - had to get far, far away from it, I sold my flat (into a better market) and put the money into retraining again and building a small business in the creative sector. I am now successful enough to rely upon my skills and my business for a reasonable living and to support owning a small yacht.
Part of how I now make a living is by training change-of-career adult students on year-long training courses in my own premises. I see a lot of potential applicants, from kids in their early 20s through to retired people. The typical applicant has anything between no higher education through to PhDs, and are working as (or have had careers such as) doctors, soldiers, accountants, scientists, photographers, chemists, school-teachers, computer-programmers, midwifes, builders, etc.
Lots of people would like to make the change to this more 'spiritually rewarding' way of working, but are worried about the short-term cost and their ability to make a longer-term living at it. I try to explain the different ways in which, after the initial training and a few years' experience, students can optimise their interests and strengths to build a modest but sustainable long-term business or employment. But, much as I like to liberate people from their money, I never pull the wool over anyone's eyes. If someone has the 'dream' but also has young children and a heavy mortgage, I'll dissuade them from doing anything more right now than a short starter or intermediate course, so they can enjoy working to a higher standard as an amateur in their leisure time.
I always end the interviews with the following statement: "I've never signed up anyone who hasn't already decided that this is what they want to do." That normally sorts out the wheat from the chaff!
One final point. You don't want to be old and poor. I'm coming across increasing numbers of people in their 60s and older who're working 6-7 days a week to make ends meet, and help support their kids who can't find work. The bare state pension is worth very little now, and will be worth less in 30 years time.
So, consider your options carefully. You can always sail (and you don't need all your time or a fancy expensive boat in which to do it) but you can't do nothing for a living if you lose your job - that's spiritually devastating. Increase the range and depth of your work skills NOW to make your NHS (or private sector) career more secure, segway into an adjacent industry, or retrain for another career (sailing instructor, marine maintenance, or similar).
Western and global economies are changing. The old certainties are over, even the old uncertainties are different. We're being forced into becoming a more mercantile economy and less certain society, with far fewer jobs for life. We need to stop believing in any sense of entitlement, and start thinking like the immigrant Asians, East Europeans or Chinese - who've got nothing to lose and everything to gain.
Think smart. Get this right, now, and you'll open up a wider and more comfortable range of sailing and living options for yourself over the longer term.
Babylon
Bobc
Well-Known Member
My advice would be to take a share in a yacht. For £10k you can get a 3rd or quarter share in something decent, and you'll only have that percentage of the running costs to worry about.
I bought outright first time around (Jag 25), and then shared the next one (First 345), and it was a much better solution. Spent less time scrubbing and mending it, had a better boat to use, and it cost less that maintaining the Jag on my own.
Also it's easier and cheaper to get out of a share than it is to sell a boat if your circumstances change. Have a look at the Yacht Fractions website.
I bought outright first time around (Jag 25), and then shared the next one (First 345), and it was a much better solution. Spent less time scrubbing and mending it, had a better boat to use, and it cost less that maintaining the Jag on my own.
Also it's easier and cheaper to get out of a share than it is to sell a boat if your circumstances change. Have a look at the Yacht Fractions website.
jakeroyd
Well-Known Member
Die with memories , not dreams
Searush
Well-Known Member
FWIW,
When I had a young family I justified the boat as follows;
The cash could be in a bank or a boat, or it could be funded by a loan, either way there is a quantifiable interest cost.
There is a quantifiable depreciation cost, say the additional cost of buying a similar boat in 10 years time (ie 10 years younger than current one). For short terms & a low interest situation like today, this can simply be divided by 10 for an approx annual cost.
Then there are annual maintenance costs, such as insurance, moorings, crane out/in, gear replacements & repairs etc.
I assessed those total Depreciation, Interest & Maintenance costs and if the annual sum was less than I would spend on holidays, & we had at least as much time on the boat as on holiday, then it was a "good investment". By and large you will get your capital back when you sell, if you buy wisely & look after it sensibly.
As time went on, the boat became a part of our lives & we bought a more expensive one and we still have non-boat holidays - so the figures no longer stack up, but I no longer feel the need to financially justify it either.
When I had a young family I justified the boat as follows;
The cash could be in a bank or a boat, or it could be funded by a loan, either way there is a quantifiable interest cost.
There is a quantifiable depreciation cost, say the additional cost of buying a similar boat in 10 years time (ie 10 years younger than current one). For short terms & a low interest situation like today, this can simply be divided by 10 for an approx annual cost.
Then there are annual maintenance costs, such as insurance, moorings, crane out/in, gear replacements & repairs etc.
I assessed those total Depreciation, Interest & Maintenance costs and if the annual sum was less than I would spend on holidays, & we had at least as much time on the boat as on holiday, then it was a "good investment". By and large you will get your capital back when you sell, if you buy wisely & look after it sensibly.
As time went on, the boat became a part of our lives & we bought a more expensive one and we still have non-boat holidays - so the figures no longer stack up, but I no longer feel the need to financially justify it either.
