Assets Versus Experiences

[Tanks]

Speaking of experiences driven by assets. My daughter still finds the time to ride. When she was much younger, she was part of a group of girls that were called "stable rats" as they spent a lot of their time at the stables. Between that and tennis kept her away from boys and focused on school.

Her daughters started riding as well.

 

[godwincp]

I want to run out of money and breath at the same time!
I’m going to run this race as fast as I can for as long as I can

 

[Flbt]

Speaking of experiences driven by assets. My daughter still finds the time to ride. When she was much younger, she was part of a group of girls that were called "stable rats" as they spent a lot of their time at the stables. Between that and tennis kept her away from boys and focused on school.

Her daughters started riding as well.

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Them horses are a asset eater. I am glad we are down to 2 instead of the 40 or so we usto have

 

[Adam Stevens]

Them horses are a asset eater. I am glad we are down to 2 instead of the 40 or so we usto have

we have two on the farm, and the only ones I ever liked were up northern bc while packing elk hunting.

the rest can be painted like zebra and shot haa

 

[Killingtime]

Speaking of experiences driven by assets. My daughter still finds the time to ride. When she was much younger, she was part of a group of girls that were called "stable rats" as they spent a lot of their time at the stables. Between that and tennis kept her away from boys and focused on school.

Her daughters started riding as well.

View attachment 752846

One of my sons will be old enough to start riding this year. He’s already started his roping.

 

[Altitude sickness]

Unless it’s a true working horse. Very rarely is a horse an asset. At best a tax write off.

I think I may have paid for one horse with roping winnings. Paid for the original purchase. Which of course,

Them horses are a asset eater. I am glad we are down to 2 instead of the 40 or so we usto have

the cheapest part of owning a horse is buying it.

My cousin has owned race horse for decades. I think he has had one that made him money. It’s a hobby and tax write off.

 

[Altitude sickness]

For this conversation remember:

Momento Mori

 

[cooperjd]

I appreciate all the responses thus far. I turned 45 last week. I think about this stuff a lot...

I'm lucky enough to have been on a decent amount of adventures with my Dad. As soon as I was out of grad school and a working engineer, we started going on a trip every year somewhere. Maybe it was Wyoming antelope, chasing elk, a bigger trip to South Africa where I filmed him accomplishing a childhood dream of bagging a sable.... Our last big adventure together was when he finally booked a dall sheep hunt in AK in 2020, his 2nd childhood dream to accomplish. I was his packer, and we weren't able to get on a legal ram. We each shot big caribou and had a great time. He has done well enough for himself working as a welder and mid level construction management, but living frugally, saving and investing all he could. Compounding interest is a wonderful thing with some time.

Now, though, after some injuries, at 72 he has been down for a few years, not very mobile. We are going to try for an Alberta moose this year in november, hopefully his nerve stimulator will allow him to walk enough to get this hunt done.

My wife and I make 2 decent salaries. We are beyond blessed in this life to live in a very nice area with great schools for my 8yr old son. It is expensive to live in this zip code. I put back a lot for retirement. The hope is that my body will be in enough shape to enjoy it once i have amassed enough to really spend it on adventures. Hell I hope to be alive, as that isn't guaranteed either. My boy loves to hunt, killed 3 deer this past fall and youth turkey season is this weekend. I am going to do all I can to take him on whatever adventures he wants.

I'm trying to stop buying rifles, I have a very hard time selling any that I really don't "need". I am not in the same boat as many on here, to me $5k is a very expensive rifle . I don't make enough to buy a bunch of things and also hunt. Hell taxidermy from my last safari in '24 is gonna be rough! I want to take the boy to Africa in 3 or 4 years. If Dad can do anything, I want to go with him on whatever he is capable of, and hopefully his grandson can join soon.

The tough part for me is trying to find a balance. The wife wants to travel, I want to hunt, how much does one spend on both? We are also a lot of money deep into my fixer upper house. We can flip it and make decent money but just spend all of it on the next slightly bigger house. Why?...

I cannot sacrifice my 401k; but I also believe that I can work when I'm older and my body isn't able to do what I can still do at a very fit 45. When my Dad was 45, I was 18. My boy is 8, so I have to stay fit and healthy for a long time if he and I want to climb mountains together.

Then there is contentment....How does one achieve contentment when you have a champagne taste and a beer budget?? The dream safari for me would cost ~$200k and I would do it every few years. To hunt a grand slam of sheep is something like 350k these days. None of that's happening! And yet I've taken my cape buff with my bow in '24. That was in the top 3 of hunting dreams and something most will never do.

These are 'my' goals though. Now that J is hunting with me, I cannot wait to take him on all sorts of adventures. He is already ticked he can't shoot big game out west til he's 12. The wife and I love to travel, so we have to work that in as well. Maybe one day my money tree out back will produce fruit. Until then I will have to read y'alls adventures, and I really appreciate the wisdom of those of you that've been there and are looking back. Sorry for the rambling.

 

[Flbt]

Unless it’s a true working horse. Very rarely is a horse an asset. At best a tax write off.

I think I may have paid for one horse with roping winnings. Paid for the original purchase. Which of course,


the cheapest part of owning a horse is buying it.

My cousin has owned race horse for decades. I think he has had one that made him money. It’s a hobby and tax write off.

Yeah. Years ago we bought a reining horse.
She had never really won much but her daughter had.
We were going to use her and do a little local showing.
She was doing grate and all of a sudden blew up. It kept happening.
We noticed it was when a bird or any type flew over.
Talked to the guy we got her from.
He did a little checking.
She had been in covered arenas and in stalls her whole life.
So she was not use to the shade flying across her.
We sold her and yes we told the new owners about her strange little problem.

 

[ftothfadd]

Oh horses. I am an equine surgeon by training and I will never forget when I talked to one of the several wealthy clients of my mentor back in Kentucky. He advised me that the best way to become a millionaire with horses is fairly simple: You just have to start with 1 billion… absolute, true wisdom

 

[Ontario Hunter]

Technically I am a multimillionaire ... just counting investments not real estate and other stuff. But I don't have a lot of "other stuff." Don't need it. I drive a 2004 GMC with 190k miles. I shoot two WWII rifles and a cobbled together old frankenstein A5 shotgun. I'm an empty nester with no debt living in an 800 sq ft home. Interesting that my daughter encourages me to go to Africa and she's the one who'll inherit everything. She's not prepared for life as well as I'd like but not materialistic at all so it doesn't matter much I guess. She's a damn good mom which is surprising as we lost her mother when daughter was still a teenage rebel. Unfortunately, she and the kids inherited my late wife's genetic mutation which will likely complicate their futures. In all likelihood I will outlive my daughter. So I manage to play using only interest on investments and my pensions. Still, the portfolios continue to grow. Pretty amazing considering current events. Once a year I check in with investments gal at the bank (seeing her this Thursday in fact). I don't worry about it.