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Re: Rinker 350/360 2007+ Random Topics

Yyzrc. Wow that’s a big job. It always surprises me how much us boaters are willing to endure (financially and physically) to enjoy boating. I would just love for one season to be able to pull out my boat and not have a big job/ repair waiting for me. Good job.

goalie59

1 ·

Re: Stock Market

rasbury said:

I agree @boatman37 so many took that home equity and went crazy. I did need a "new" truck as my 06 has 200k- still ran fine but was getting tired. I work at a Ford dealership- being 64 I was not going to sign up fir a 60k/1200 a month payment. Kind of laugh when people have come in and paid "CASH' for a vehicle- when they pulled it out of there house and will pay for it over 30 years! Used is terribly inflated- the body was in good shape so:
New engine, transmission. New motor mounts, trans cooler, radiator. New wheel bearings, brakes and rotors. Replaced the leather interior with katskins at a local shop. I went to macco for a paint job- not high end but looks great. I spent 15000 on it with real cash out of savings. I could have bought the truck I started with for 15 grand before the redo so I'm real pleased with what I spent. Wife's car we paid cash for. She hardly drives it. We have a handicap van for my grand daughter also paid cash out of her settlement from her accident. House is almost paid off and no other debt except the monthly power, water, phone etc. Don't even need cable. Still owe some on the boat but at anytime I could have sold it for what I paid for it. We went through our if we can get it we spend it phase a long time ago and since buckled down the spending. We live just fine, nothing like some on here but just fine. I do need to get smarter with what we have investment wise but we have a decent stock portfolio considering when we got married we had nothing and lived pay check to paycheck. People learn- or they don't!

Yeah I went through a phase of buying anything I could but I'd like to retire comfortable so buying smarter now.

And yeah we are far from wealthy but are pretty comfortable. Still owe on the boat, student loans, house and 2 cars but still have quite a bit of disposable income that we never 'upgraded' our lifestyle to.

boatman37

3 ·

Re: Stock Market

Hey @rasbury , I am also in that 60+ age group(61), but I did just update my vehicle from 2011 to 2019. I almost spent $6000 to restore my rust free 328, but the Germans really soak you on repairs because of their designs. Paid off the home this year and love the peace of mind that goes along with it. Car loan was at 4.99,percent, but only over 3 years. Time now to try to be fiscally responsible. New car had 13,000 miles on it. The PO bought it new in May 2019 and due to lockdowns shortly after, there was no place to drive to. Basically a brand new car $20,000 off list price.

halifax212

2 ·

Re: Stock Market

I agree @boatman37 so many took that home equity and went crazy. I did need a "new" truck as my 06 has 200k- still ran fine but was getting tired. I work at a Ford dealership- being 64 I was not going to sign up fir a 60k/1200 a month payment. Kind of laugh when people have come in and paid "CASH' for a vehicle- when they pulled it out of there house and will pay for it over 30 years! Used is terribly inflated- the body was in good shape so:
New engine, transmission. New motor mounts, trans cooler, radiator. New wheel bearings, brakes and rotors. Replaced the leather interior with katskins at a local shop. I went to macco for a paint job- not high end but looks great. I spent 15000 on it with real cash out of savings. I could have bought the truck I started with for 15 grand before the redo so I'm real pleased with what I spent. Wife's car we paid cash for. She hardly drives it. We have a handicap van for my grand daughter also paid cash out of her settlement from her accident. House is almost paid off and no other debt except the monthly power, water, phone etc. Don't even need cable. Still owe some on the boat but at anytime I could have sold it for what I paid for it. We went through our if we can get it we spend it phase a long time ago and since buckled down the spending. We live just fine, nothing like some on here but just fine. I do need to get smarter with what we have investment wise but we have a decent stock portfolio considering when we got married we had nothing and lived pay check to paycheck. People learn- or they don't!

rasbury

3 ·

Re: Rinker 350/360 2007+ Random Topics

Is a boat ever “finished” @aero3113 ??

YYZRC

2 ·

Re: Stock Market

Luckily we were more responsible than many with extra money. Didn't buy any new cars, houses, boats, etc. We did some remodeling on our house and that was about it. We have a 2.9% rate on our house with about 5 years left paying it, my truck is 2.75% and pretty sure my wifes car is about 1.99%. We only owe $10,000 total between the truck and car and I have no plans of buying a new truck anytime soon as mine only has 28,000 on it. Might buy a new car for my wife in the near future but hers only has 70,000 on it. My plan is to retire at 57 in 4 years so tightening up the belts here on spending

boatman37

2 ·

Re: Stock Market

And as property values correct and mortgage rates go up and they can't make the payments or the bank demands credit payment there'll be a ton of deals on all kinds of toys including boats.