sail-world.com
 
 
News Home Cruising Australia Cruising USA Cruising Canada Boats for Sale Sail-World Racing Photo Gallery FishingBoating
Photo Gallery FishingBoating Video Gallery Newsletters

 

Sail-World.com : A Yacht Purchase - a Life Style Investment

A Yacht Purchase - a Life Style Investment

'Could this be you? Ley and Neil Langford, Australians in Asia, loving every minute'    .    Click Here to view large photo

With all the talk of recession, liquidity crises, credit crunches, stock market big dipper rides, job layoffs, dismal financial forecasts, it's no wonder our hands are staying in our pockets. But are we missing out on LIFE?

As Ron Lieber pointed out this month in Money Column of the New York Times, the vast majority of people will not lose their jobs, and most of us work not merely for subsistence, but so we can spend money on things and experiences that fulfill some of our dreams.

There ARE some people who are taking off to sail around the world, chartering to go on that dreamed-of holiday in the South Pacific or the Mediterranean, or even buying their first yacht.


Could this be you? Ron Stefanski and his family from Michigan splurged recently on the 38ft Tres Joli - and don’t regret it -  .. .  
Lieber tells a story about Ron Stefanski, who has just splurged on a 38-foot sailboat and lowered the 20-year-old vessel into their home waters in Michigan. The question his message raised was whether spending money on a boat was actually wise, and if so, why?

Money was part of what kept the family from buying a boat for years, even though Ron had long wanted one. Until four years ago, Ron’s wife, Kay, had been home raising their two boys, Dan, now 15 and Will, 17.

'We don’t have trust funds for our kids or oodles of discretionary income,' Ron said. 'So I was the one who kept saying, ‘Do we really need to be spending money like this when we need to get money in the bank for college?’ '

Instead, the Stefanskis came to realize, the boat was an investment in something much more valuable than money.

'When you look at life from that perspective, it’s about creating memories,' he said. 'Because the good moments can be fleeting and they can be peppered with other experiences that you don’t want to be as memorable.'

A boat is also an investment in relationships, something that isn’t readily apparent until you’re on one a lot. Kay, who is 46 and works in textbook sales, helped talked Ron into buying the boat.


Could THIS be you? -  .. .  
'We’re getting ready to be empty-nesters, learning how to navigate the space of being alone together, and that’s something that’s been a little bit sobering,' Ron said. 'What she helped me to see is that having the boat is an opportunity to connect, to spend time together when the boys are off doing their own thing.'

In fact, Dan and Will have been on the boat a fair bit, too.

'As a teenager, I look forward to doing things that teenagers do, going to parties and hanging out with my friends,' fifteen year old Dan says. 'But the boat is something I really learned to love.'

That has been an added bonus, given that the boys will soon be in college or away for the summers. 'This was a window of opportunity,' Ron says.

The Stefanskis financed the purchase with a home equity line of credit.

For people who find themselves frightened by the possibility of a long, deep recession, well, the Stefanskis know how you feel. Since they bought the boat, the balance in their retirement accounts has fallen by about a quarter. The investments in the college savings accounts for the two teenage boys have hit the skids, and the troubled economy means their house is worth a lot less as well.

'If you value family and friendships and experiences, the things that you might lose don’t mean quite as much,' Kay said. 'It puts it all in perspective.'

Ron added, 'Your job as a parent, a friend or life partner is to create memories with each other. That’s what we’re here for. And I think in that respect, the decision to purchase the boat was a good decision.'

Ron Lieber normally writes about 'money'. This time he has also illuminated something worthwhile about the issues of why we live and work the way we do.




by Des Ryan

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=50537

10:33 AM Wed 5 Nov 2008 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


Sail-World Cruising News - local and the World

The Galley Guys take on the Vancouver International Boat Show by Greg Nicoll with Frank Leffelaar and Friends,










Remember to properly dispose of obsolete distress beacons by Australian Maritime Safety Authority,




World ARC fleet bids farewell to Bali by World Cruising Club,














World ARC crews in Bali by World Cruising Club,


Could your sailing navigation use a tune-up? by Captain John Jamieson, Florida












The Boat Cookbook by BoatBooks,










World ARC fleet now arriving in Bali by World Cruising Club,














What can you do to prevent electrocution and ESD?
Pack this sailing gear for 'hands-free' lighting
Salty Dawg Rally Seminar Series planned October 8 in Annapolis
Europe tightens up on skippers competency certification
World ARC fleet departs Darwin under full sail
NOAA expedition discovers ship’s timepiece silent for nearly 200 years
Blue Planet Odyssey - Northwest Passage gate opens
A Cruising Guide to the Dominican Republic 6.0 now available
BNS Leopold I to commence counter-piracy operations
Africa Europe Challenge introduces 'Spectator's Package'
Wanted youth circumnavigators on a 'Voyage of Imagination'
Niagara-on-the-Lake, a popular cruising destination in Canada
The crowd-pleasing comforts of catamaran cruising
Death by Dinghy
'Sailing Stones' of Death Valley seen in action for the first time
Coast Guard searching for two boaters near St. Petersburg
20 coral species listed as threatened under the Endangered Species Act
Shanghai to San Francisco in under 2 hours via supersonic sub
PSP Southampton Boat Show 2014 - 2 for £24 ticket offer ends soon
A case of crossed wires? A shocking situation!
How amazingly awe-inspiring the Arctic really is   
New atlas provides thorough audit of marine life in the Southern Ocean   
European Odyssey boats arrive in Lanzarote + Video   
Multiagency rescue at Dunraven Bay + Video   
Canal Boating in the Alsace with the Galley Guys   
World ARC fleet arrives in Darwin   
Dangers of the Dinghy trip back to your boat   
European Odyssey visits Porto   
Timeless Tonga - Charter sailing in a Polynesian paradise *Feature   
A fine conclusion to the ARC Baltic 2014   
Where in the world are our strongest corals?   
Baltic 4 Nations fleet arrive into Stralsund City Marina   
Huff of Arklow nearing completion, expected on the water next month   
Incredible efforts to save yacht from being lost at sea   
ARC Baltic fleet visit six countries and six capitals in six weeks   
Helen Island, Palau -a beautiful and unique place   
Bart's Bash: Over 2300 entered from 588 yacht clubs - Join here   
Barnacle Busting   
From Penguins to Polar Bears   
Cornell turns back from the North West Passage   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph, contact the photographer directly.
XLXL WAS CRU NH
LocalAds   DE  ES  FR  IT