It is said that two of the happiest days in a man’s life are the day he buys a boat and the day he sells it. Tis true, tis true. I’ve had two such events. Now, my financial controller wants me to buy a fishing boat again. Funny, when I had one, she thought I went fishing too much.
In today’s world, a nice fishing boat can cost between $10,000 and $20,000. It depends upon how many bells and whistles you get. In Texas, you have to have one whistle - or a horn. Let’s just say the cheap boat is the choice - ten grand. From a lot of experience, let’s assume you will fish about 20 times per year. Now comes the math.
Ten grand divided by 20 is $500 per trip the first year. The second year cost goes down to $250 per trip. Plus, there is maintenance cost and the constant update for a new bell or whistle. By the third year your cost is down to $125 trip, but you find that it is getting to be a lot of hassle to drag the boat to the lake and then bring it home and work on it for about a week. Remember maintenance?
On two or three of those fishing adventures per year, you should actually catch some fish. Boy is it fun! But, if you calculate out the cost of the fish per pound, you will discover that you can eat at the best sea food restaurant a whole lot cheaper. Plus you don’t have to clean the fish.
And, I don’t eat fish.
PMO
©2014
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