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Boat!

Discussion in 'Living Room' started by Tim86, 25th Aug, 2015.

  1. Tim86

    Tim86 Well-Known Member

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  2. wylie

    wylie Moderator Staff Member

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    At nearly $5M would you not be better to hire it for a week when you need it?

    I know that you know that, and that isn't the aim of the question. I think to be able to afford to spend $5M on something you may use occasionally (heck, even if you use it every weekend) you would need to work a lot harder or smarter and miss out on family time. Some folk can do it differently, but that is my thought.

    Just hire one when you want to...
     
  3. Brian84

    Brian84 Well-Known Member

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  4. Mombius Hibachi

    Mombius Hibachi Well-Known Member

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    What? No!

    Tim, all you need to do is figure what is required from you to achieve an income large enough to finance such a purchase.

    Then take action on it. It's not that complicated.

    Based on reading about what you've been able to achieve so far, there are people that have done a lot more with a lot less. You can do it, buddy!
     
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  5. MTR

    MTR Well-Known Member Premium Member

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  6. twobobsworth

    twobobsworth Well-Known Member

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    The best boat to have is someone else's!
     
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  7. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    The two happiest days of a boat owners life:
    The day he buys it.
    The day he sells it.
     
  8. chylld

    chylld Well-Known Member

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    buy the boat and use your uncivilised tenant as an anchor
     
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  9. geoffw

    geoffw Moderator Staff Member

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    Some of my tenants have been anchors. Or similar.
     
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  10. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Boats are a hole in the water you pour money into
     
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  11. Tim86

    Tim86 Well-Known Member

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    Yeah. So to be able to justify a 5 million dollar boat I reckon youd have to have 40 million in your bank account.

    Any less and youd get too caught up in the running costs I reckon.
     
  12. Jamie_

    Jamie_ Well-Known Member

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    I have absolutely no doubts that you would be able to DIY it looking at what you've done.
    Turning This.....[​IMG]
    Into this....
    [​IMG]

    Should be a walk in the park for you.
     
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  13. Tim86

    Tim86 Well-Known Member

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    Haha u have too much faith in me
     
  14. Lizzie

    Lizzie Well-Known Member

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    We've had a couple of boats - sold the last one 3 years ago.

    We literally lived right next to the water, yet only took the yacht out around 10 times a year ... so moving an hour inland meant it really was never going to get used.

    Theory now is that if we really really really want to go sailing, we'll hire one in the locations we want to sail ... already done the Whitsundays.
     
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  15. Brian84

    Brian84 Well-Known Member

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    Boat= bring out another thousand.
     
  16. FireDragon

    FireDragon Well-Known Member

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  17. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Heres one you did last week?

    [​IMG]
     
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  18. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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  19. Azazel

    Azazel Well-Known Member

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    It's Ok, but it's a bit small. I'd need one you can land a helicopter on.
    Do I have a helicopter? No. But I'd like to know I could if I wanted to.
     
  20. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    It has a dedicated scuba diving deck with two nitrox membrane compressors. That's all I need. :D