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 Take a Picture
Posts: 12838
    
| I don't rely on anyone. I still say get an education, get a good job, be frugal and buy what you want.
While I was put feeding I thought about something. You need to figure out what direction you want to go. If you want to be able to tell folks your horse cost, forget the high dollar horse. Most people seem to just want to go win the local jackpot or at least that is what folks on here tell me. You don't need an expensive horse for this. Personally, I like to raise my own or buy young horses as in babies. I study bloodlines and pick the ones I like. That being said I have one that I paid $750 for and one I paid $850 for as babies. I liked their bloodlines and their conformation. Both are World champions now. Set goals that you can actually achieve. One other thing, if you buy a horse, make sure you can ride it or you will never be happy with it. A lot of people can't ride horse of that caliber.
Edited by streakysox 2017-10-28 6:53 PM
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 My Heart Be Happy
Posts: 9159
Location: Arkansas | rodeomom3 - 2017-10-27 8:17 PM
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 
You were correct--he is very cute!! |
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 Zeal Queen
Posts: 3826
Location: TEXAS | rodeomom3 - 2017-10-27 8:17 PM 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
I just want to know what your husband does LOL!   |
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 Loves to compete
Posts: 5760
Location: Oakdale, CA | streakysox - 2017-10-28 3:27 PM I don't rely on anyone. I still say get an education, get a good job, be frugal and buy what you want. While I was put feeding I thought about something. You need to figure out what direction you want to go. If you want to be able to tell folks your horse cost, forget the high dollar horse. Most people seem to just want to go win the local jackpot or at least that is what folks on here tell me. You don't need an expensive horse for this. Personally, I like to raise my own or buy young horses as in babies. I study bloodlines and pick the ones I like. That being said I have one that I paid $750 for and one I paid $850 for as babies. I liked their bloodlines and their conformation. Both are World champions now. Set goals that you can actually achieve. One other thing, if you buy a horse, make sure you can ride it or you will never be happy with it. A lot of people can't ride horse of that caliber.
this is soooo true!!!!
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 Not Afraid to Work
Posts: 4717
| I wonder a lot also.
I work 2 jobs and have a roommate. I try and be very frugal and budget well. I plan and plan and plan some more to be able to have my 2 horses with the best care I can give them. But they are $400 and $1500 horses. However, I did get lucky on both and both worth much more now.
As I am currently saddle shopping, I wonder how people can pend 3-4k on a saddle. Not in a negative way but I just wonder. I bought my current saddle for $1700 10 years ago and my breast collar and headstall are older than I am.
Not sure what the answer is but I just live within my means but I budget some savings towards a project each season. My house was a fixer upper so last fall was bedroom and kitchen floors. Summer was a new pasture. This fall is stalls and then winter is finishing flooring on main level. |
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 Elite Veteran
Posts: 602
| i think anyone can afford a $30k, it depends how you get there. A few can purchase a high caliber horse like that without batting an eye. MOST people Ive seen in my area buy a cheap or young horse, spend money on training for a few years, then start kicking a** at barrel races. Now that $3K horse turned into a $30k. I know alot of barrel racers have seen the $50k top notch horse get thrown into the wrong hands and now the owner couldnt give it away. |
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 Shelter Dog Lover
Posts: 10277
| stayceem - 2017-10-30 1:36 PM I wonder a lot also. I work 2 jobs and have a roommate. I try and be very frugal and budget well. I plan and plan and plan some more to be able to have my 2 horses with the best care I can give them. But they are $400 and $1500 horses. However, I did get lucky on both and both worth much more now. As I am currently saddle shopping, I wonder how people can pend 3-4k on a saddle. Not in a negative way but I just wonder. I bought my current saddle for $1700 10 years ago and my breast collar and headstall are older than I am. Not sure what the answer is but I just live within my means but I budget some savings towards a project each season. My house was a fixer upper so last fall was bedroom and kitchen floors. Summer was a new pasture. This fall is stalls and then winter is finishing flooring on main level.
My husband did not always make what he does now, keep in mind we are in our 50’s. We started out very broke, 4 young kids. To help pay bills I worked weekends and evenings to avoid $$ just going to a babysitter. As he started to make more I was able to quit. We pretty much followed the same path you did, did not spend ourselves into debt,one thing at a time, if we could not pay cash we did not buy it. My husband gets the credit for keeping us out of debt, not fun at times to walk away from something you really want. We built a barndominuium while trying to sell our house with plans to build again once the house sold, we started buying the expensive horses and decided not to build the house. We could have easily afforded it but felt it was not necessary and we were more comfortable having the money in the bank. The price range of horses referred to on some of the posts are less than he makes in a week but I drive a 12 year old truck and pull a 12 year old trailer, my BD is in a few weeks and he said no to my idea of a new car -what!! He runs the US and Mexico construction division for a major builder and developer of apartments, he carries a huge work load, works long hours, it is definitively a trade off. |
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Expert
Posts: 1599
| Buy them as a yearling for 1/3 of the price and pray like hell they stay sound and will make a 30k horse in a few years! I told my SO the other day I'd rather pay out 30k over the course of a couple years than in one shot, not sure if that's smart or not, but I guess a 30k horse has just as much of a chance of getting hurt as a $6500 one. I save money by starting them myself tho, and this one will go to a futurity trainer as a 3yr old. |
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 Queen Bee Cat Owner
Posts: 3629
Location: Way up North | I think a lot of people work their way up to that. They might start with a cheaper horse, put time in them and sell them for more and buy the next one, do the same, etc. Yes, there are plenty of people that can start out with that kind of purchase but there are many that are average earning people that work hard and get lucky. |
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 The best bad guy on the internet
Posts: 3519
Location: Arizona | My husband and I both make decent money, but we are planning on retiring early so we are saving like mad dogs! I have no idea how people spend $30k or more on a horse and why they would want too.... |
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 Firecracker Dog Lover
Posts: 3175
| I wonder this too. I will be the first to admit I do not travel like I used to. Having said that, it shocks me with the rigs that people drive with to jackpot $100 added barrel races in my area. Even the big added $$ races are not enough to justify the cost to me. I go to races to have fun anymore. I do not ride like I used to but still want to run and have fun. I have a 12 year old pick up and a 1999 WW two horse slant load trailer that have both been paid for for years. Would I like the fancy big rig? Sure I would but I sure don't go enough to justify the cost of owning one. And I sure as heck know my abilities and know I'll never be able to ride a horse that could even make that kind of money. Set your goals and buy what you can afford and upgrade only when it's financially feasible. I guarantee you'll have just as much fun with your horse without losing sleep at night wondering how you are going to pay for all of it. |
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Loves to compete
Posts: 5760
Location: Oakdale, CA | I'm kinda curious how many people that cant imagine paying alot of money for a horse if they have a college degree or a good trade?? I was raised the sky is the limit with a good education and good choices.............. |
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 Expert
Posts: 1440
Location: Texas | Both my husband and I make good money and I still can’t imagine being able to pay cash for that kinda horse I suppose if we really saved it would be possible. Thankfully I have two horse that I paid 4,000 and 5500 for and both can hold their own with 75k and up horses. Granted they weren’t that way when I bought them but they sure are now and I love it! |
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 Scooters Savior
Location: "Si Fi" Ville | Hmmm interesting topic:
My accounting brain kicked in when reading this:
$30,000 horse
$100 shoes per month x12 =$1,200
Feed $300 month x12= $3,600
Vet avg $300 month x 12= $3,600
Chiro $80 month x$12= $960
New saddle. Old one didn’t fit $3,500
New pad for new saddle $355
Tooth fairy $250
New bits $375
Insurance for truck trailer and horse $2,550
Truck $$$$$
Trailer $$$$$
Gas $7000
Oil changes $325
Repairs etc
Entry fees
Office fees
Stalls
Shavings
Boots to ride in the trailer
Winter blanket and summer sheet
Housing for me and horse
Fencing
Barn
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  Neat Freak
Posts: 11216
Location: Wonderful Wyoming | I could care less how people buy their stuff. We raise cattle and could afford them but just can't wrap our head around actually doing it. I can't ever think of buying a horse as an investment unless it is a stallion already proven and siring winners or a broodmare doing the same. They just die too easy and leave you with nothing. So with that said, I will train my own or not have one.
And for the OP something to think about is just because someone can buy a 1D top dog horse, doesn't mean they can ride it. I have someone not too far from me that has owned NFR qualifiers and several others and rarely makes the papers.
My husband has been hauling bucking stock for a few pro rodeos in the area and it appears sugar daddies are the big supporters. But that is the same with any horse decipline. It was the same when we were starting cutters/reiners in TX. |
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Extreme Veteran
Posts: 490
| got boost? - 2017-10-30 6:31 PM
I'm kinda curious how many people that cant imagine paying alot of money for a horse if they have a college degree or a good trade?? I was raised the sky is the limit with a good education and good choices..............Â
Do you have a degree? I do. And I can tell you that is the most expensive piece of paper I have ever purchased. The papers for my horses cost less! I heard growing up... Get a Degree. Get a Degree. Get a degree. So I got a degree. I have a BBA in Business.
You know what... I am not making anymore with that degree than I was before I had it. Less actually. So a trade, yes that may help. But in my experience, this degree has not helped.
Take my husband. He spent 10 years in the military. Stationed in Germany twice and Korea once. Got out, became an officer. Retired at almost 50 with 21 years with the County. ALL without a degree. So he spends a few months "retired" and gets bored. He starts job hunting. Its hard to find a decent paying job that one of the requirements isn't a degree. He gripes about it all the time. Whats funny, is he has so much experience that he has gained from life that he would be an awesome asset to a company but they overlook him because of a piece of paper. |
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 Warrior Mom
Posts: 4400
| Jazz's Girl - 2017-10-31 8:16 AM
got boost? - 2017-10-30 6:31 PM
I'm kinda curious how many people that cant imagine paying alot of money for a horse if they have a college degree or a good trade?? I was raised the sky is the limit with a good education and good choices..............Â
Do you have a degree? I do. And I can tell you that is the most expensive piece of paper I have ever purchased. The papers for my horses cost less! I heard growing up... Get a Degree. Get a Degree. Get a degree. So I got a degree. I have a BBA in Business.
You know what... I am not making anymore with that degree than I was before I had it. Less actually. So a trade, yes that may help. But in my experience, this degree has not helped.
Take my husband. He spent 10 years in the military. Stationed in Germany twice and Korea once. Got out, became an officer. Retired at almost 50 with 21 years with the County. ALL without a degree. So he spends a few months "retired" and gets bored. He starts job hunting. Its hard to find a decent paying job that one of the requirements isn't a degree. He gripes about it all the time. Whats funny, is he has so much experience that he has gained from life that he would be an awesome asset to a company but they overlook him because of a piece of paper.
This is what we've been telling our girls, one has 1 year left in HS they are thinking they want to attend a big name college.. honestly we can't afford to send them.. we've been telling them to learn a trade, go to school for it.. i.e. dental hygienist, medical, nursing type stuff. Those fancy college degrees aren't what they use to be. I know several people that have college degrees and are working like dogs to pay off student loans and not making very much money at all. One of my nieces got out of hs and went into dental hygienist schooling, graduated with a very well paying job, got her student loan paid off in less than a year and only has to work 3 days a week, she's sitting pretty and isn't stressed out! I wish I would have done that when I had the chance. |
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Extreme Veteran
Posts: 490
| want2chase3 - 2017-10-31 9:11 AM
Jazz's Girl - 2017-10-31 8:16 AM
got boost? - 2017-10-30 6:31 PM
I'm kinda curious how many people that cant imagine paying alot of money for a horse if they have a college degree or a good trade?? I was raised the sky is the limit with a good education and good choices..............Â
Do you have a degree? I do. And I can tell you that is the most expensive piece of paper I have ever purchased. The papers for my horses cost less! I heard growing up... Get a Degree. Get a Degree. Get a degree. So I got a degree. I have a BBA in Business.
You know what... I am not making anymore with that degree than I was before I had it. Less actually. So a trade, yes that may help. But in my experience, this degree has not helped.
Take my husband. He spent 10 years in the military. Stationed in Germany twice and Korea once. Got out, became an officer. Retired at almost 50 with 21 years with the County. ALL without a degree. So he spends a few months "retired" and gets bored. He starts job hunting. Its hard to find a decent paying job that one of the requirements isn't a degree. He gripes about it all the time. Whats funny, is he has so much experience that he has gained from life that he would be an awesome asset to a company but they overlook him because of a piece of paper.
This is what we've been telling our girls, one has 1 year left in HS they are thinking they want to attend a big name college.. honestly we can't afford to send them.. we've been telling them to learn a trade, go to school for it.. i.e. dental hygienist, medical, nursing type stuff. Those fancy college degrees aren't what they use to be. I know several people that have college degrees and are working like dogs to pay off student loans and not making very much money at all. One of my nieces got out of hs and went into dental hygienist schooling, graduated with a very well paying job, got her student loan paid off in less than a year and only has to work 3 days a week, she's sitting pretty and isn't stressed out! I wish I would have done that when I had the chance.
My biggest regret is that I did not get a trade. I tell anyone that is iffy about college to go get a trade. You can ALWAYS go get a bachelors but can use the trade to pay for it.
You live and you learn.
Edited by Jazz's Girl 2017-10-31 9:30 AM
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Shelter Dog Lover
Posts: 10277
| want2chase3 - 2017-10-31 9:11 AM
Jazz's Girl - 2017-10-31 8:16 AM
got boost? - 2017-10-30 6:31 PM
I'm kinda curious how many people that cant imagine paying alot of money for a horse if they have a college degree or a good trade?? I was raised the sky is the limit with a good education and good choices..............Â
Do you have a degree? I do. And I can tell you that is the most expensive piece of paper I have ever purchased. The papers for my horses cost less! I heard growing up... Get a Degree. Get a Degree. Get a degree. So I got a degree. I have a BBA in Business.
You know what... I am not making anymore with that degree than I was before I had it. Less actually. So a trade, yes that may help. But in my experience, this degree has not helped.
Take my husband. He spent 10 years in the military. Stationed in Germany twice and Korea once. Got out, became an officer. Retired at almost 50 with 21 years with the County. ALL without a degree. So he spends a few months "retired" and gets bored. He starts job hunting. Its hard to find a decent paying job that one of the requirements isn't a degree. He gripes about it all the time. Whats funny, is he has so much experience that he has gained from life that he would be an awesome asset to a company but they overlook him because of a piece of paper.
This is what we've been telling our girls, one has 1 year left in HS they are thinking they want to attend a big name college.. honestly we can't afford to send them.. we've been telling them to learn a trade, go to school for it.. i.e. dental hygienist, medical, nursing type stuff. Those fancy college degrees aren't what they use to be. I know several people that have college degrees and are working like dogs to pay off student loans and not making very much money at all. One of my nieces got out of hs and went into dental hygienist schooling, graduated with a very well paying job, got her student loan paid off in less than a year and only has to work 3 days a week, she's sitting pretty and isn't stressed out! I wish I would have done that when I had the chance.
We had ours live at home and go to community college the first two years, how they did there led to the next step. College is ridiculously expensive. College is definitely not the only path to a comfortable secure life. My husband does have a degree in his field but we have tons of friends with no degree and our very successful, they all picked a trade that led to owning their own business. |
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Expert
Posts: 2531
Location: WI |
I've done the math on this as well. All those amounts are the same whether you own a $2k horse of $30k horse. So, how many years do you spend all that on a $2k horse before you could have paid for a $30k horse?
Do what makes you happy and try not to worry so much about other people's spending habits or bank accounts. |
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