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Re: How to encourage a friend
Old 05-16-2005, 11:34 AM   #21
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Re: How to encourage a friend

Rent the jet-skis. Almost everyone I know that owns them stops using them regularly after a year or two, spend a buttload of money on maintenance, and end up selling them and taking a huge bath on them.

Better still...find a friend that has a couple of them. Barring that, CONVINCE one of your friends they should get them.

Remember the old adage...the very BEST boat is a FRIENDS boat!
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Re: How to encourage a friend
Old 05-16-2005, 11:45 AM   #22
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Re: How to encourage a friend

Heh, heh, heh, heh.

My neighbor has seven Waveriders - kids will be out of school in two weeks - sooo they will be at 'da camp' for the summer.

Only spring for gas - once in a while!
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Re: How to encourage a friend
Old 05-16-2005, 04:12 PM   #23
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Re: How to encourage a friend

Quote:
Originally Posted by th
Rent the jet-skis.
They run for $300/day here to rent (lake Chelan), so you only need to use a $3k used seadoo 10 days before buying it pays off.

This would be a pretty sweet business actually.... buy some seadoos that are a few years old from Craigslist, and rent them for a whole week for $600. In doing so you would seriously undercut your competition, have thrilled customers, and it would only take 1.5 months to pay off the seadoo, leaving you at least 1.5 months in which to profit... years 2+ are pure profit from then on.

Hmmmm.....
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Re: How to encourage a friend
Old 05-16-2005, 04:16 PM   #24
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Re: How to encourage a friend

I've looked into renting myself and found prices to be quite high. Maybe the liability insurance overhead? I have a friend that owns two sea-doos, just bought a ski-boat. Says I can borrow the sea-doos anytime!
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Re: How to encourage a friend
Old 05-16-2005, 07:26 PM   #25
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Re: How to encourage a friend

I thought it was "eat, drink and make Mary"

Cheers,

Charlie
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Re: How to encourage a friend
Old 05-17-2005, 12:21 PM   #26
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Re: How to encourage a friend

Huh...$50 for two hours at the lake I used to live near. I wasnt really interested in spending more than an hour or two on one. I figured for most working people, they might get in a couple of hours on one day of the weekend a couple of times a month with an average summer running 3 months. That'd run 200-400 a year for a rental. It'd take you a while to recoup that purchase investment.

That $50 rate was for renting right at the dock. If you rented from a guy about a mile away who had them mounted on a trailer he'd hook to your truck, you put them in and take them out yourself, it was even cheaper.
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Re: How to encourage a friend
Old 05-17-2005, 02:09 PM   #27
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Re: How to encourage a friend

late twentys ... those were the days, $0 net worth and not a care the world. Things went down hill from there for me. Down about $250k when real estate tanked north of Boston. Oh, how it would have nice to have a $0 net worth again.

Of course "what goes down must go up" ... or is it the other way around!?!

Back to your friend, pay-yourself first (10%) then BANK ALL PAY RAISES (don't miss what you never had) until the savings rate hits 20%. And he'll be fine.

Enjoy!
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Re: How to encourage a friend
Old 05-18-2005, 09:21 AM   #28
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Re: How to encourage a friend

Quote:
Originally Posted by laurencewill
I've looked into renting myself and found prices to be quite high.*
Will we find this ad in the Personals?

Judy

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Re: How to encourage a friend
Old 05-18-2005, 11:24 AM   #29
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Re: How to encourage a friend

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Will we find this ad in the Personals?

Judy

LOL! I hope my wife doesn't find out!
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Re: How to encourage a friend
Old 05-18-2005, 01:19 PM   #30
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Re: How to encourage a friend

Another Gigolo!
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: How to encourage a friend
Old 05-18-2005, 09:12 PM   #31
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Re: How to encourage a friend

Count me in as another one not out of debt until early 30's (college loans). Had to take the corporate job to pay those suckers off.

But then lived below my means thereafter.
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Re: How to encourage a friend
Old 05-22-2005, 10:55 AM   #32
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Re: How to encourage a friend

it seems that your number $175M is excessive. If you need $2M in today's dollars, that amount will be $5M in 30 years (based on 3% inflation rate). Well, if you really need $175M, you can always move to Vietnam. It's very easy become a millionare there.
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