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Itchy Boobs
Posts: 360
 
| Okay so I know there's some on here that make ridiculous amounts of money a year but in all seriousness and curiousity... how in the world do people buy $30+k horses? It blows my mind the kind of money spent on some of these equine athletes and don't get me wrong they are WORTH every penny! How in the world do people have the funds to buy these horses ? Just was thinking and became really curious. |
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 Owner of a ratting catting machine
Posts: 2258
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Gettin Jiggy Wit It
Posts: 2734
| Same way people opt to afford 30 k + boats, campers, 2nd homes, extravagant vacations, motorcycles... Ect. Only difference is its a horse.... |
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Extreme Veteran
Posts: 534
Location: Ohio girl moved to PA | Good credit |
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 Take a Picture
Posts: 12838
| My suggestion is get an education and find a good job. Classicpotatochip has a cool job that I think she likes. She has a college degree. I have a job I like and have a college degree. Learn to budget carefully and save money. Just a simple thing but I save about $25 dollars a week by just making my lunch and bringing it to work. Not a real big sacrifice 52 weeks in a year. Do the math. Put tha with other ways to save and you have a plan. |
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Extreme Veteran
Posts: 477
| A career that supports those purchases. |
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Veteran
Posts: 113
| Massive debt and multiple bankruptcies
There are those that can afford the $30K horses and buy them, there are those that can't afford them but still buy them. Takes all kinds..... |
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 Elite Veteran
Posts: 823
Location: East Texas | Who cares.......If you can't swing that much find one for 1/3 of the price or less and go win. Go have fun. I am a school teacher, but we have found some horses that are fun to ride and cash a check every now and then. How others do it? The friends I have that keep horses like that can simply afford to pay cash for them.
Edited by CrossDRanch 2017-10-27 9:51 AM
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 Shelter Dog Lover
Posts: 10277
| My husband makes ridiculous money, we have paid cash for several 30K plus horses to mount our 3 girls when they were doing high school rodeo. They are talented and well bred but my favorite horse is my 3K grade buckskin gelding I bought a couple of years ago, talented, great mind and cute as all get out. |
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 Warrior Mom
Posts: 4400
| Marry someone ridiculously wealthy or just get a sugar daddy if you can stomach it. |
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 The One
Posts: 7997
Location: South Georgia | Some people have different priorities. I'd rather have a beautiful home, nice vehicles, and plenty of discretionary money with a padded savings account. My horse is less than $3,000 and my trailer is $3,500. My tack I have had for years, so I cant count that. I am frugal, I budget money very carefully, and I put more toward my main priorities--my personal life and possessions. My horse is nice, my trailer works, and my tack is good enough.
I am not the type of person to finance a horse OR trailer. I am not the type of person to have an expensive horse and a crappy house.
Edited by horsegirl 2017-10-27 10:35 AM
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Married to a Louie Lover
Posts: 3303
| As someone on the flip side of the equation - as long as the check don’t bounce I don’t worry about where it comes from.
Could we be in that situation to pay that kind of money for a horse? Yes. I have a good education and a nice paying job. My husband makes a good living and we have a small business building fence on the side. All winter we spend extra daylight hours in the timber cutting fence posts. We work our butts off from sun up to sun down most days. With some redirecting of cash flow and assets we could come up with that sum.
But we also like riding colts and the training process. We have finished horses in the barn, but all except one would sell for the right number. |
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  Champ
Posts: 19623
Location: Peg-Leg Julia Grimm | I used to buy prospects for $1500. Spend 2 years making them into open horses and sell them. My #1 horse paid the way for me to go and I always had a young/green horse (or two) in the trailer. That's how I bought a new bigger horse trailer and how many people can afford to buy things that are "out of their budget".
Income isn't just the money you make at a job. But what you make on the side can help you afford more. Other people spent their youth in college or learning a trade that pays well. I suggest if you have a horse habit to learn to flip horses or stay in and excel at school and get a good paying profession. |
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 My Heart Be Happy
Posts: 9159
Location: Arkansas | rodeomom3 - 2017-10-27 10:20 AM
My husband makes ridiculous money, we have paid cash for several 30K plus horses to mount our 3 girls when they were doing high school rodeo. They are talented and well bred but my favorite horse is my 3K grade buckskin gelding I bought a couple of years ago, talented, great mind and cute as all get out.
Miss Nancy, you have to let us judge his cuteness with a PICTURE  |
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 Three in a Bikini
Posts: 2035
| Sugar Daddy.
That is your best bet. 
If you go the college education/good job route... you will be at work.
And not able to spend sufficient time managing a $30k horses upkeep/training/needs.
This has been my experience anyways!! |
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Shelter Dog Lover
Posts: 10277
| Chandler's Mom - 2017-10-27 7:42 PM rodeomom3 - 2017-10-27 10:20 AM My husband makes ridiculous money, we have paid cash for several 30K plus horses to mount our 3 girls when they were doing high school rodeo. They are talented and well bred but my favorite horse is my 3K grade buckskin gelding I bought a couple of years ago, talented, great mind and cute as all get out. Miss Nancy, you have to let us judge his cuteness with a PICTURE
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Elite Veteran
Posts: 617
| My significant other and I make what people would consider "good money," but my two horses both cost less than $1000 each. You definitely can't assume someone's income by looking at their trailer and their horses. Yes some can truly afford it, but others are in the hole. Loans and payment plans disguise a lot! |
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 Elite Veteran
Posts: 889
Location: on the fine line between insanity and geniusness | cn1705 - 2017-10-28 5:04 AM
My significant other and I make what people would consider "good money," but my two horses both cost less than $1000 each. You definitely can't assume someone's income by looking at their trailer and their horses. Yes some can truly afford it, but others are in the hole. Loans and payment plans disguise a lot!
This! Buy what you can afford, make them into a rockstar! The more expensive horses get the more time, money and energy it takes to maintain them. Those dream horses are like Olympic athletes- they are basically a full time job keeping them fit and healthy enough to compete at that level. I see all too often people that go get bank loans to buy one but then can’t afford to maintain them at the level they were when they were winning and expensive to buy! I have bought horses at all ends of the spectrum- from ridiculously expensive designer bred futurity colts, to sale barn and cutting rejects and arguably the best one I ever had cost $500. He has won over 130k and doesn’t even have papers! I don’t buy expensive ones anymore. I will spend some money buying the colts I want and then make them what I want them. Less drama and hassle that way! You don’t want the pressure of having to win to pay a bank note on your shoulders at the barrel race! |
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Extreme Veteran
Posts: 542
| Get a loan....I did....the horse paid half in winnings I paid half making payments....sold the horse for double what I paid too.
Be smart....learn....and keeping fighting and working to get a better one.
It is all in your priorities...
ETA: Some ppl can find bargain diamonds in the rough. I have never been that lucky, every time I tried to do that it ended up costing me more money by putting money into my fixer upper. But I am business minded when it comes to a horse.
Edited by runfastturnsmooth 2017-10-28 9:34 AM
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 Extreme Veteran
Posts: 599
| I've never heard the term "designer futurity horse" before, but that definitely describes my second horse!!!!! My husband paid for half, and I used my enormous savings for the other half (I have a great paying job, he has his own successful business).
She arrived in tip top shape. Beautiful. Now, 8 months later, she is out of shape and about to be sent to a trainer for some basics and fancy buttons.
So we could afford her. But with a part time job and 2 higher-maintenance human children, I can't keep up with what the horse needs. Luckily she's very young so I have given her time off to be a horse I think she'll be better off for it. But I got in over my head. Oops. |
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