Boat!

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

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  1. Tim86

    Tim86 Well-Known Member

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    Tim86, 25th Aug, 2015
    #1
  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...
     
    wylie, 25th Aug, 2015
    #2
  3. Brian84

    Brian84 Well-Known Member

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    Brian84, 25th Aug, 2015
    #3
  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!
     
    Mombius Hibachi, 25th Aug, 2015
    #4
    ellejay and bob shovel like this.
  5. MTR

    MTR Well-Known Member

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    MTR, 25th Aug, 2015
    #5
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  6. twobobsworth

    twobobsworth Well-Known Member

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    The best boat to have is someone else's!
     
    twobobsworth, 25th Aug, 2015
    #6
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  7. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker 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.
     
    Peter_Tersteeg, 25th Aug, 2015
    #7
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  8. chylld

    chylld Well-Known Member

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    buy the boat and use your uncivilised tenant as an anchor
     
    chylld, 25th Aug, 2015
    #8
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  9. geoffw

    geoffw Moderator Staff Member

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    Some of my tenants have been anchors. Or similar.
     
    geoffw, 25th Aug, 2015
    #9
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  10. DaveM

    DaveM Well-Known Member

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    Boats are a hole in the water you pour money into
     
    DaveM, 25th Aug, 2015
    #10
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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.
     
    Tim86, 25th Aug, 2015
    #11
  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.
     
    Jamie_, 25th Aug, 2015
    #12
    Tim86 likes this.
  13. Tim86

    Tim86 Well-Known Member

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    Haha u have too much faith in me
     
    Tim86, 25th Aug, 2015
    #13
  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.
     
    Lizzie, 25th Aug, 2015
    #14
    Tim86 likes this.
  15. Brian84

    Brian84 Well-Known Member

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    Boat= bring out another thousand.
     
    Brian84, 25th Aug, 2015
    #15
  16. FireDragon

    FireDragon Well-Known Member

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    FireDragon, 25th Aug, 2015
    #16
  17. DaveM

    DaveM Well-Known Member

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    Heres one you did last week?

    [​IMG]
     
    DaveM, 26th Aug, 2015
    #17
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  18. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Peter_Tersteeg, 26th Aug, 2015
    #18
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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.
     
    Azazel, 26th Aug, 2015
    #19
  20. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    It has a dedicated scuba diving deck with two nitrox membrane compressors. That's all I need. :D
     
    Peter_Tersteeg, 26th Aug, 2015
    #20
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