Like Tree0Likes

Throwing money around like its water!

Reply
Old 02-13-2006, 05:37 PM
  #21
Registered
 
dean51267's Avatar
 
Join Date: Jan 2005
Location: Paducah, KY
My Boats: 93 Profile, 31', twins
Posts: 4,601
Default Re: Throwing money around like its water!

People with money see the world differently than most, they work for it, have it, and if they can spend it, why not.

I might complian how someone drinks expensive scotch, high dollar beer, put blowers on motors to go a few miles an hour faster, wear high cost shoes instead onf ones from Wal Mart, get a $15 burger at a nice joint instead of a $4 one at Hardees. We all have our excesses.

I think the question to ask is not "why do they spend it like that", but instead "how did they get it to spend".

When I see people blowing money like that I do not think they are screwing up, I know I am screwing up because I can't!
dean51267 is offline  
Reply With Quote
Old 02-13-2006, 05:47 PM
  #22
Platinum Member
Platinum Member
 
Join Date: Mar 2001
Location: Florida
My Boats: 1985 Cigarette 28SS, 2003 Formula 260 SS
Posts: 567
Default Re: Throwing money around like its water!

In Florida you see this kind of stuff all the time where someone has a boat most of us would love to have (Top Gun, OL, etc.) and they don't take care of it because it's just a throwaway toy to them. On top of that they have a $10m house, a few Ferraris, and a 65' Hatteras that they never use. It's all relative, I have a bunch of crap in my garage that I don't use. I own two snowmobiles and I live in Florida, figure that one out, I haven't. Stormrider said it right, if you make $30-50m , who cares. I would.
Dangerous Dave is offline  
Reply With Quote
Old 02-13-2006, 05:48 PM
  #23
Registered
 
Join Date: Jan 2001
Location: Cape Coral, FL / Toms River N.J.
Posts: 287
Default Re: Throwing money around like its water!

I noticed the same thing with large yachts.........big bucks new
and for sale as soon as completed, sometimes during build.

So I asked someone the same question and was told these things
take years to sell. Why wait till you're done with it then wait those
years. Put it for sale and use it in the mean time.

We all look at the guy with more and ask why, meanwhile someone
else is probably questioning our decisions. Lets face it its their money
and if it's ok with them, then so be it.
Mike 35 Fountain is offline  
Reply With Quote
Old 02-13-2006, 05:59 PM
  #24
Geronimo36
Gold Member
 
Panther's Avatar
 
Join Date: Sep 2002
Location: Elkton, MD
My Boats: 36' Apache Warrior / 22' Apache Scout
Posts: 11,838
Default Re: Throwing money around like its water!

Quote:
Originally Posted by BigDadys93x
Look at the "Man of Steel" boat . That was the hottest boat going then it went up for sale. The boat didnt sell right away now the paint is stripped and the motors are out of it to try and dump it for less money. If i was the guy who put my long hours into painting it or building those monster motors I would be pissed to see something like that go to hell like that.
How about the 42 OL Legacy Epoxy that was in one of the mags listed for $800K and change.... now there is a small ad in the back of the mag for a couple hundred less...
Panther is offline  
Reply With Quote
Old 02-13-2006, 06:06 PM
  #25
Registered
 
dean51267's Avatar
 
Join Date: Jan 2005
Location: Paducah, KY
My Boats: 93 Profile, 31', twins
Posts: 4,601
Default Re: Throwing money around like its water!

Quote:
Originally Posted by ANDREW REALTOR
$15 burger in new york theres 1 for $28
MAN, you people waste WAY to much money!
dean51267 is offline  
Reply With Quote
Old 02-13-2006, 06:27 PM
  #26
Registered
 
fund razor's Avatar
 
Join Date: Mar 2004
My Boats: Apache 28 Brave
Posts: 8,170
Default Re: Throwing money around like its water!

Quote:
Originally Posted by ANDREW REALTOR
$15 burger in new york theres 1 for $28
Yeah... and then there is a better comparison. The guy who sells the 125 dollar burger because he figured out that a certain segment would pay 125 bucks because they can.
A guy can always look back and say he was "owner" of "MegaSuperKiloVCatRecordBoat."
But the paperwork will say "Bob's Contracting."
Or "Bob's Chevrolet/Hummer."
Many people are in businesses that can justify the hot boat of the month as a business investment. Even outside of Marine.

Rare is the individual who will put this kind of bread out for personal jollies with no other promotional value. Just an expense. No value add.

I will never be this guy... because I will never make that kind of coin. But I have to study this guy for my work. I have to know what he will spend and what his capacity is. (will vs. can)
And I would walk past the guy who is displaying wealth any day to go speak with a person who is attaining wealth.

The guy who I want to talk to bought income producing assets all his life and wants to help sick kids.
Income producing assets.
Not liabilities.

You betcha that if a truly wealthy dude has one of these exotic boats.... it's because it is somehow an income producing asset or he is one die hard boat junkie.

Either way.... I'm playing the odds on the old boring dude in the 15 year old car who never owned a Rolex. But somehow accumulated 100 rental units and millions in cash. I'm talking about wealth. Not cash flow.
fund razor is offline  
Reply With Quote
Old 02-13-2006, 06:34 PM
  #27
Registered
VIP Member
 
Join Date: Jan 2004
Location: Boca Raton, FL
My Boats: None
Posts: 3,682
Talking Re: Throwing money around like its water!

Quote:
Originally Posted by dreamer
these people dont do loans... they just wire transfer
They don't count their money, they WEIGH it!
Edward R. Cozzi is offline  
Reply With Quote
Old 02-13-2006, 06:50 PM
  #28
Registered
 
Anarchy Powerboats's Avatar
 
Join Date: Jun 2004
Location: Phoenix, Havasu, Newport
My Boats: www.anarchypowerboats.com
Posts: 3,060
Default Re: Throwing money around like its water!

It's all relative, when you are their level it's not a big deal. At my level i sold my 04 Kachina 30 that I paid 73K for for 62 and change a year later only to turn around and buy my 34 but I needed the 34 because after 1 time in the Pacific with my 30 I knew I didn't have enough boat. As far as the Speedracer boat goes I dont believe 1.2 mil changed hands but whatever it doesn't really matter either way now does it.
Anarchy Powerboats is offline  
Reply With Quote
Old 02-13-2006, 06:56 PM
  #29
Platinum Member
Platinum Member
 
CAP071's Avatar
 
Join Date: Jul 2001
Location: USA
Posts: 16,430
Default Re: Throwing money around like its water!

Quote:
Originally Posted by Edward R. Cozzi
They don't count their money, they WEIGH it!
Sounds like my uncle.


so imagine if they made 100 million or 200 million a year. some people just don't care it's just money
CAP071 is offline  
Reply With Quote
Old 02-13-2006, 07:00 PM
  #30
Registered
 
FunHome's Avatar
 
Join Date: Oct 2000
Location: Kansas & LOTO
My Boats: 28ft Saber, 22 Velocity
Posts: 2,648
Default Re: Throwing money around like its water!

Some people enjoy the project as much as owning the boat......
right.........TooOld?????
FunHome is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
FLYWITHME
General Q & A
1
09-21-2011 07:51 AM
sonicator
Trucks, Trailers and Transportation
2
11-03-2007 10:32 PM
FLYWITHME
General Q & A
0
12-10-2005 02:32 PM
ST31
General Boating Discussion
1
08-15-2004 07:34 PM
Here's Johnny
General Boating Discussion
6
08-07-2004 06:35 PM



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 On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 10:47 AM.


Copyright 2011 OffShoreOnly. All rights reserved.