I’m kinda one of them. Well my dad is. He’s typical of the boat owners I’ve met over the years. Boomer, business owner, white. He bought the first boat with a buddy in their late 20s, cuz that’s when he had enough disposable income after they could afford a house, a rental property, two kids, two cars, a dog and a golf course membership. They had a falling out and my dad bought out his buddy. Three or four boats later I look after the boat, and do all the maintenance. My dad’s in his 70s, he can’t take the boat out on his own anymore. We go fishing 5 or 6 times a year. Moorage is $6000 a year, fuel is $2000, insurance $3000, maintenance at least $2000. Maintenance would be 10x that if I didn’t do most of the work myself.
We could do some absolutely amazing charters for the money we spend on the boat. It’s something we have been talking about recently. The engines on the boat are 25 years old, if/when they die my dad wants to replace them to the tune of $40,000-$50,000. I’m trying to talk him into selling it and we plan a couple really nice fishing trips per year. I think one of the reasons he spends so much on it is that it’s one of the only things we have in common. We only really spend time together on the boat.
I’m kinda one of them. Well my dad is. He’s typical of the boat owners I’ve met over the years. Boomer, business owner, white. He bought the first boat with a buddy in their late 20s, cuz that’s when he had enough disposable income after they could afford a house, a rental property, two kids, two cars, a dog and a golf course membership. They had a falling out and my dad bought out his buddy. Three or four boats later I look after the boat, and do all the maintenance. My dad’s in his 70s, he can’t take the boat out on his own anymore. We go fishing 5 or 6 times a year. Moorage is $6000 a year, fuel is $2000, insurance $3000, maintenance at least $2000. Maintenance would be 10x that if I didn’t do most of the work myself.
How much difference would it be if you compare it by renting a boat for those 5 or 6 times a year?
We could do some absolutely amazing charters for the money we spend on the boat. It’s something we have been talking about recently. The engines on the boat are 25 years old, if/when they die my dad wants to replace them to the tune of $40,000-$50,000. I’m trying to talk him into selling it and we plan a couple really nice fishing trips per year. I think one of the reasons he spends so much on it is that it’s one of the only things we have in common. We only really spend time together on the boat.