Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 02-21-2014, 11:39 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,560
Boats are not cheap to own, but if your DH is an avid fisherman might not be a bad idea. Certainly there are worse things he could be doing. You should express your concerns to him.

If possible have it checked out by a impartial mechanic. As far as his ability to operate it, most states offer safe boating classes through the conservation department. It is important to know the laws, boater safety, and proper etiquette.

You might ask if there are other upgrades he'll need, fish detectors, trolling motor, new gear and tackle.

When my DF retired he became a fishing guide. DM had no desire to go fishing with him, so she was never a fan. I guess when they were dating in the late '30s he accidentally hooked her. That was the end of her fishing.

DF's boats provided many hours of pleasure to him, he was an avid fishermen well into his 80's.
Best wishes,
MRG
__________________

__________________
MRG is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-21-2014, 11:42 AM   #22
Dryer sheet wannabe
 
Join Date: Aug 2012
Posts: 16
BOAT means "bust out another thousand."
__________________

__________________
howdidigetthisold is offline   Reply With Quote
Old 02-21-2014, 12:15 PM   #23
Recycles dryer sheets
 
Join Date: Oct 2013
Posts: 62
Quote:
Originally Posted by robnplunder View Post
I don't give out advice (at least, try not to). I will just tell you what my DW would do. She would say, go ahead and knock yourself out. And we don't keep track of who spends on what, who spends more, .... If we can afford it, we spend it. As we built up our asset to FI level, we stop worrying about modest purchases.
I really don't keep up with what spends but this time I think it is different. I wanted to buy new living room furniture; myself a new car; put an addition to the back of the house. In each case he had objections even though we can afford it. And now when it comes to him--no problem. Now suddenly his motto is "What are we saving it for? I've been trying to tell him that all the time.
__________________
Co2012 is offline   Reply With Quote
Old 02-21-2014, 12:24 PM   #24
Recycles dryer sheets
 
Join Date: Oct 2013
Posts: 62
Quote:
Originally Posted by dontworry View Post
Am I correct in understanding that the boat is only $2000? That's a pretty inexpensive boat! As long as you can afford it, let him have his boat IMHO. Do you like to fish? Maybe you could learn to like it and go with him sometimes! I love fishing...it is so relaxing! But I am a total outdoorswoman. It's probably a great thing that your hubby has a hobby he enjoys AND it can put some delish food on the table. It seems like almost every hobby costs money. Golf isn't cheap as far as I know!
I'm not upset over the cost of the boat. I do realize that the boat itself is cheap and am not worried about the initial $2000. I'm concerned about the maintenance.

I love to fish but I don't go with him as much as I use to. Mainly because I can't get him to go home. I think he's glad I don't go much because he can stay as long as he wants.

I love fresh fish too.
__________________
Co2012 is offline   Reply With Quote
Old 02-21-2014, 12:50 PM   #25
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,128
Quote:
Originally Posted by Co2012 View Post
I'm not upset over the cost of the boat. I do realize that the boat itself is cheap and am not worried about the initial $2000. I'm concerned about the maintenance.
I fished the Great Lakes years ago and had a boat. Around 18' with an outboard motor and small trolling motor is about all you would need to fish the areas close to shore. If you were to venture out into deeper waters and a long way from shore, I would not advise an under-equipped boat as the water can get nasty if a storm comes up. Then you would need a bigger boat with an inboard engine and ship to shore communications, etc.

If all he is going to do is stay around 16 -18' with an outboard, then he should not try to go where the big guys go. We used to troll for Coho salmon and cast for browns and steelheads in the bays.

Maintenance on a smaller boat/trailer is not that expensive if he is going that route, unless, of course, the $2000 is for a fixer upper.

As others mentioned, you really need to have a heart to heart talk with him about your wants and his wants and how you can come to an agreement on those items.
__________________
aja8888 is offline   Reply With Quote
Old 02-21-2014, 12:53 PM   #26
Thinks s/he gets paid by the post
 
Join Date: Jan 2011
Posts: 1,207
I know nothing about boats. But it seems money is not the issue here and the cost is affordable.
But if I read the original post correctly, this boat is significantly bigger than his current one. And that, to me, raises a concern about safety. Does he know how to handle the larger boat, most especially if the weather turns foul or if there is some sort of mechanical breakdown? Also, any legal issues to consider such as licensing, insurance, etc?
__________________
mystang52 is offline   Reply With Quote
Old 02-21-2014, 01:07 PM   #27
Recycles dryer sheets
 
Join Date: Oct 2013
Posts: 62
Quote:
Originally Posted by Act2 View Post
It's obvious that fishing is his passion. The boat and other expenses sound very reasonable. As hobbies for husbands go, fishing/boating is a very good one.

My dad had the same passion, owned a couple of boats. There is not really much 'training' needed, perhaps a water safety class if he's truly a reckless sort.

Dad is no longer able to get out on his boat. Mom is happy she was supportive of his boating and fishing through the years, though she didn't fish and wasn't one to go on anything but short boating outings. He'd go for hours at a time, as often as he could.

Is there some other problem? Do you resent being left alone while he goes fishing? If it's truly the money that bugs you, it sounds like he is being reasonable. Find yourself a hobby and spend a little on yourself. I hope you can find a hobby you are as passionate about as he is with fishing/boating.
You are right. I am resentful to being left alone so much. I don't like to admit it because I know that I have no right to feel resentful. I am juggling my online business and my many many hobbies and clubs that I have very little free time. I actually feel guilty and sorry so many times when he wants to talk, watch a show together or just do something and I don't have time. But this is after he's already been fishing most of the day. Perhaps he's feeling guilty too. I
__________________
Co2012 is offline   Reply With Quote
Old 02-21-2014, 01:12 PM   #28
Full time employment: Posting here.
 
Join Date: Nov 2008
Posts: 728
Quote:
Originally Posted by Co2012 View Post
My husband wants to buy a boat. My Brother in Law is going to sell him his used boat for $2000. I understand it's a very nice fishing boat that holds five people that you can take somewhere like Lake Erie. Thing is my husband knows nothing about operating a real boat. He has an aluminum 6 footer that he uses a little electric motor on. He thinks because he can navigate this little boat that he does not need any training with this new boat.

Not only am I afraid he's going to run into something but I'm concerned about the cost of owning a boat like this. He fish practically every single day summer and winter, spending $15 a day for gas and bait, so that is $300 a month. Now he wants to add an additional expense just for his personal enjoyment.

I really don't want to "rock the boat" around here but I am seething about this. He keeps asking me what's wrong but right now I'm too upset to talk about it rationally. Really, we can afford the $300 a month for his fishing but I am not willing to pay more than this. He really has his heart set on this and keeps bragging to is friends about his boat and I'm afraid to say that I'm am not on board with this. Maybe I'm wrong about the expense and even if not, should I just go along with this to keep the peace and try to fit any additional expenses into our budget? Right or wrong, I think I'm upset because I spend very little money on myself and he does not mind going hog wild.

Does any retirees here own a boat and what are the expenses? I would appreciate any input.
If I, as DH, wanted to spend 2k which we could afford to spend and my DW was seething over that, I might think I didn't need to stay with DW. If I were you I would back off so quick from fighting over an enjoyable affordable DH hobby..... Frankly, I would insist my DW spend a comparable amount (we can afford it) and she would do the same for me. Boy.......this reminds me of what my mother used to say, "I worried about no shoes until I met someone with no feet"......my point is it sounds like you have it fairly good financially......think of all those that don't.....I'm assuming you DH played a role in your financial security......why worry and fight over something he has earned.......something he thinks will make him happy........something you can afford.......something not worth a fight. Sorry I'm sounding off so strongly but it also sounds like you could have a lot to lose if you fight over this and I'm hoping my comments will help keep that from happening. The very best of luck with this......relax and concentrate on having a good time with DH in the future......maybe ask if you can go fishing with him! Build a relationship, not a war.
__________________
jerome len is offline   Reply With Quote
Old 02-21-2014, 01:23 PM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,325
Quote:
Originally Posted by Co2012 View Post
You are right. I am resentful to being left alone so much. I don't like to admit it because I know that I have no right to feel resentful. I am juggling my online business and my many many hobbies and clubs that I have very little free time. I actually feel guilty and sorry so many times when he wants to talk, watch a show together or just do something and I don't have time. But this is after he's already been fishing most of the day. Perhaps he's feeling guilty too. I
I don't really understand. You are too busy for him, but do not want him to develop hobbies on his own that leave you alone.

What should he do with his free time?

I have a now divorced friend who had a husband with "hobbies" that were a lot more expensive and less socially acceptable. I think she would have been happy and still be married if her husband had been out fishing!

We have friends who belong to a yacht club, and $2K seems like a bargain compared to what many of their friends pay for their boats ($100K+).

I personally would be happy if my husband wanted to buy a $2K boat (with resale value) and had a healthy, outdoor hobby that brought in fresh fish.
__________________
daylatedollarshort is offline   Reply With Quote
Old 02-21-2014, 01:47 PM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,913
In Oregon a boat operator's license, passing a test, is required for basically anything bigger than a row-boat. Determine if that is necessary in your state of residence. That test is big on safety.

$2,000 is a very cheap boat, heck an outboard engine can cost much more than that. Tell DH that you want him to have the engine 'tuned-up' to make sure it is reliable. Do that now, well before the fishing season.

There is no harm in having a boatyard look at the hull. Fiberglass will deteriorate if it isn't maintained. Have the yard give a FIXED price for needed work.

Yes, boating can cost money but it is an activity that many, particularly men, enjoy. Keep track of the cost so that when you want to spend money on something important to you it will be possible to put your expense in prospective.

My son & wife have a boat yard so I have observed the issues their customers have asked them to resolve. One is putting trust in yards/service providers who don't know their stuff, they were sold engines that don't matchup with their boat, for example. Pay a few $ for the highest regarded anal-retentive boat surveyor in your area and ask him/her for recommendations.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 02-21-2014, 02:07 PM   #31
Recycles dryer sheets
 
Join Date: Oct 2013
Posts: 62
Thanks for your kind advice. I am one who always follow advice no matter what. I am going to talk to my husband as we do need to come to an understanding about money. I guess I'm seething because recently he rejected things I wanted to buy or improvement I want to make around the house. I can't get anything professionally done because he insists on doing it himself and he's the worst handyman in the world. We are each going to have to compromise.

Thanks so much.
__________________
Co2012 is offline   Reply With Quote
Old 02-21-2014, 02:45 PM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,325
Quote:
Originally Posted by Co2012 View Post
I guess I'm seething because recently he rejected things I wanted to buy or improvement I want to make around the house.
I agree with you 100% on that front. We have some of those same discussions at our house. DH usually comes around when I point out all the things he spends money or time on that I don't necessarily agree with but don't complain about. And to be fair, sometimes I am the one being petty and he points that out to me.
__________________
daylatedollarshort is offline   Reply With Quote
Old 02-21-2014, 03:06 PM   #33
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,031
Quote:
Originally Posted by Co2012 View Post
Thanks for your kind advice. I am one who always follow advice no matter what. I am going to talk to my husband as we do need to come to an understanding about money. I guess I'm seething because recently he rejected things I wanted to buy or improvement I want to make around the house. I can't get anything professionally done because he insists on doing it himself and he's the worst handyman in the world. We are each going to have to compromise.

Thanks so much.
Maybe it's an opportunity to make a deal. DH gets the boat only if you get new living room furniture...
__________________
FIREd is offline   Reply With Quote
Old 02-21-2014, 04:51 PM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,369
Quote:
Originally Posted by FIREd View Post
Maybe it's an opportunity to make a deal. DH gets the boat only if you get new living room furniture...

I guarantee you Fire, if I was married to my GF, that would be the minimum I would have to "pay" to get the boat. Probably a shopping spree or two also. OP- It could be worse, you could be married to my best fried (who is still working) as he is planning on borrowing money to buy a $40,000 boat. I bet that would launch your head from your body.
__________________
Mulligan is offline   Reply With Quote
Old 02-21-2014, 04:51 PM   #35
Recycles dryer sheets
 
Join Date: Feb 2014
Posts: 158
Quote:
Originally Posted by Co2012 View Post
I am going to talk to my husband as we do need to come to an understanding about money. I guess I'm seething because recently he rejected things I wanted to buy or improvement I want to make around the house.... We are each going to have to compromise.
This is a good thread for you to think through your thoughts before talking to him, get some b!tch'n out here rather than there, and work things through. Put together a cheese plate and bottle of wine for you, wings and a 6 of beer for him, (or whatever you guys like,) and TALK.

Me, I've always liked the Socratic Method of asking questions to get the other person to arrive at conclusions I've already made. They tend to buy into the conclusion more strongly if they arrive there themselves, and it opens things up so that they can convince me of their POV. So you might want to ask something like: "I"m confused. If we can't afford the furniture I've been wanting to get, how can we afford your boat and maintenance?" "So how should we allocate our extra funds so that we both get what we want?" Or "I know you spend a lot of time fishing and a boat is important to you, but do you realize how much time I spend here at home and how much new furniture would please me?"

Mom always said she got what she wanted by making Dad think it was his idea. She wanted to try camping so she would leave articles around the place, comment on them, and next thing I know they are retiring to RV full time for 10 years. Manipulative? Maybe, but they were happy. DH and I tend to be on the same wavelength so it's not much of an issue. I use the Socratic Method on my teen though, and he is a tougher sell!
__________________
InParadise is offline   Reply With Quote
Old 02-21-2014, 05:14 PM   #36
Full time employment: Posting here.
 
Join Date: Mar 2008
Posts: 698
Quote:
Originally Posted by MikeWillRetire View Post
Look at it this way. You will be getting free fish everyday.
Let's see, I think we're down to 3 figures per fish or pound (can't remember which we used at the start), and we've had our boat for 25 years.

If he knows how to back a trailer down the boat ramp, then he's half way there. If he can get the boat up to a busy dock without ramming it or other boats, he's almost there. Beyond that, as long as he knows when to quit because of conditions and is willing to take 2 hours to get back when it took only 20 minutes to get out, he should be fine.

Cost is a whole other thing. There is fuel and oil (depending on type of motor), licensing fees (boat and trailer), engine maintenance (depends on age of motors), and upgrades. Upgrades are things like getting a color monitor fishfinder to replace your B/W one and then replacing it with one that has GPS. All of the above can run from the $ hundreds to low $ thousands.

Major costs will be new motors. We went 22 years before we had to replace the main motor, probably 5-7 years past it's useful life. As it stood, I was the only one who knew how to baby it so it would keep running. That was a 5 figure cost, but I split it with a son, who'll likely inherit the boat. If the boat has canvas, figure on replacing it once. Oh, tell your husband to zip it up before driving home. The wind turbulence will do a lot of damage. This can be a low 4 figure cost, depending on how much canvas the boat has.

If he maintains the boat, it will last for decades. We flush the motors and wash the boat/trailer down every time after we go out, but we're in saltwater. I'd still do it for freshwater boating, if only to wash any gunk out of the water pump.

Oh, and any time my wife and I argue about money, She threatens to move the conversation onto the boat. It doesn't work quite as good as it used to.
__________________
akck is offline   Reply With Quote
Old 02-21-2014, 06:32 PM   #37
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,128
I don't think this has been stated yet, but the definition of a boat is as follows:

A boat is a hole in the water you throw money in.
__________________
aja8888 is offline   Reply With Quote
Old 02-21-2014, 06:41 PM   #38
Recycles dryer sheets
 
Join Date: Jun 2011
Posts: 81
Quote:
Originally Posted by Co2012 View Post
My husband wants to buy a boat. My Brother in Law is going to sell him his used boat for $2000. I understand it's a very nice fishing boat that holds five people that you can take somewhere like Lake Erie. Thing is my husband knows nothing about operating a real boat. He has an aluminum 6 footer that he uses a little electric motor on. He thinks because he can navigate this little boat that he does not need any training with this new boat.

Not only am I afraid he's going to run into something but I'm concerned about the cost of owning a boat like this. He fish practically every single day summer and winter, spending $15 a day for gas and bait, so that is $300 a month. Now he wants to add an additional expense just for his personal enjoyment.

I really don't want to "rock the boat" around here but I am seething about this. He keeps asking me what's wrong but right now I'm too upset to talk about it rationally. Really, we can afford the $300 a month for his fishing but I am not willing to pay more than this. He really has his heart set on this and keeps bragging to is friends about his boat and I'm afraid to say that I'm am not on board with this. Maybe I'm wrong about the expense and even if not, should I just go along with this to keep the peace and try to fit any additional expenses into our budget? Right or wrong, I think I'm upset because I spend very little money on myself and he does not mind going hog wild.

Does any retirees here own a boat and what are the expenses? I would appreciate any input.
I've owned a number of boats in my life. There will be a steady stream of maintenance/repair/upkeep costs in addition to operating costs. That stream can be a trickle or a roaring river ---- depends on how much boat you own, what it needs, and whether the owner wants to put it & keep it in tip-top shape with all the bells and whistles or is able to accept not having everything non-safety related perfect all the time.

I try to balance how much money I put into my boats. You will always end-up underwater in the value of your boat .... it's a matter of how much underwater you are willing to go versus how nice you want your boat to be.

Then of course there are operating costs ... not much you can do about that ... it costs a certain amount to maintain the motor & a certain amount to operate it. (Saltwater fishing boats in the 20' to 25' range around here with older 2-stroke motors average about 2 mpg in fuel.)

So ... here's my advice. Set a budget.

1st ---after purchase of the boat, how much money will he need to initially get it into the shape he wants it? (aside from repairs/update items needed, don't forget to include any anchors, ropes, bumpers, life vests, safety equipment, flares, radios, gps, fishfinder, etc etc)

2nd --- how much money it will costs per month or year to keep maintenance up-to-date? (oil changes, tune-ups, spark plugs, winterization, etc etc) As much mechanical/maintenance he can do himself will reduce this figure dramatically. Don't forget to budget some for trailer maintenance every few years if it's to be operated in saltwater. Saltwater is hard on boats.... well, it's hard on everything! Annual registration & insurance is another recurring cost. Also ... will there be storage costs for the boat?

3rd --- how much gas & oil will it cost to actually operate the boat for fishing trips - average per month or year? (considering there may be quite few months it's used very little and some months it's used a lot)

4th --- you may or may not want to also include a separate budget for tackle, gear, bait, beer, restaurants, motels, tow vehicle gas, etc for the fishing trips themselves.

After you have arrived at, are both cognizant of, and in agreement upon these figures, you will be more comfortable and have no more problems with this.

Don't mean to scare you with the above. I've always bought used boats (except one) and managed to keep & use them fairly efficiently ... (more so than some other folks who always have to have the latest greatest gizmos, fix every cosmetic flaw, and always running the boat to the mechanic for every little thing they might could do themselves.) But boats do cost some money to keep & operate, it's just a matter of how much & whether one is okay with that amount ... that said, I love boats!

(Note: A fishing boat will generally get used more & hold value better than a strictly pleasure craft)
__________________
retiredatfifty is offline   Reply With Quote
Old 02-21-2014, 06:42 PM   #39
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,433
Quote:
Originally Posted by InParadise View Post
This is a good thread for you to think through your thoughts before talking to him, get some b!tch'n out here rather than there, and work things through. Put together a cheese plate and bottle of wine for you, wings and a 6 of beer for him, (or whatever you guys like,) and TALK.

Me, I've always liked the Socratic Method of asking questions to get the other person to arrive at conclusions I've already made. They tend to buy into the conclusion more strongly if they arrive there themselves, and it opens things up so that they can convince me of their POV. So you might want to ask something like: "I"m confused. If we can't afford the furniture I've been wanting to get, how can we afford your boat and maintenance?" "So how should we allocate our extra funds so that we both get what we want?" Or "I know you spend a lot of time fishing and a boat is important to you, but do you realize how much time I spend here at home and how much new furniture would please me?"
Wow, a smooth negotiating tactic. I love it. Let me know how it works out.
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 02-21-2014, 11:40 PM   #40
Recycles dryer sheets
 
Join Date: Oct 2013
Posts: 62
Thank you, thank you. I've gotten some good info and advice. Though it is kind of scary hearing about the maintenance. I'm going to copy a lot of the info and let my hubby read it. I think he may think twice about his because he's just not the maintenance type of person.

Although I still have concerns about the expense but my biggest fear is for his safety. I thought he was just going to fish locally but I heard him tell someone he was going to fish Lake Erie too. We had a couple of life threatening experiences on that lake. The worst was when we had rented a boat. I had gotten out first and my husband was following. I don't know if the motor turned itself back on or if my husband forgot to turn it off. Either or the next thing I know he was hanging on the wall and his feet is holding on to the running boat. Even now I get the chills remembering him hanging onto that wall and thinking he was going to let go and fall. That was the worst fear of my life. I started screaming for help and several guys came. Two men pulled him in while one jumped in the boat and turned it off.

Just recently, he and my brother-in-law had two boating incidents one involving my BIL falling into the deep water an the other involving them tipping the boat over. Thank God it was shallow water as my husband can't swim (but he thinks he can).

I hate to make it appear that my husband is a fool, but when it comes to fishing, I think he is. He's just not careful. Just this summer we were wading and he got so excited when he saw someone catching fish on the other side that he hurried over there, ignoring me calling for him to come back as we really didn't know the lake. The lake is shallow but there may have been some deep spots. He made it to the other side but his boots got stuck in the mud and he could not get out and his friends had to go help him. I could go and on about other incidents.
__________________

__________________
Co2012 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice, Advice and More Advice flyfishnevada Life after FIRE 18 06-26-2010 06:44 PM
Higher interest rates, how destructive? are you reacting? km4hr FIRE and Money 18 04-19-2010 07:00 PM
Int'l Phone cards over the internet? Advise Needed dex Travel Information 12 08-06-2008 04:08 AM
Buffett: Don't expect returns over 7% over next century cardude FIRE and Money 84 03-07-2008 05:30 PM

 

 
All times are GMT -6. The time now is 05:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.