AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
How to Get Business Credit w/ Your LLC in 2024
Wealthy Way
Discussion on Purchasing and Owning a Yacht
Exploring the financial aspects and personal motivations behind the recent purchase of a yacht, including the down payment, closing costs, and the non-appreciation in value over time, as well as the speaker's personal goals and commitment to a family member.
00:00
Transcript
Episode notes
Speaker 2
How much do they make you put down on a yacht? 1.4. So half? Basically.
Speaker 1
Yeah. I mean like well it was like 35% but then there's all these closing costs.
Speaker 2
Yeah. So it's like and so and I'm assumed they depreciate like they go down Yep,
Speaker 1
I mean it doesn't appreciate in value. Yeah, fortunately, but it's awesome, man. I I love owning a yacht It's so cool. How long have you owned it for since December? Okay,
Speaker 2
so you've had it like seven months. Yeah
Speaker 1
Yo,
Speaker 2
so you bought it right at the end of the year for a tax write-off. Yep
Speaker 1
Yeah, yeah, it's awesome. Like, you know, I could have bought a property but I'm also 26. I'm you know living in Miami I want to enjoy, you know what I have right now. Yeah, I think also what really got me to do it was um, My my grandpa when I started getting really like when I started making money online He was like, oh Andrew just you know, let me know when you buy the yacht. I was like, okay I didn't really think I was gonna do it and then all of a sudden I started making money. I'm like, oh my god I could buy yacht And so I was like, you know what? I it was also like a goal for me that cuz he's pretty old too I was like, yeah, I need to buy this yacht. He needs to see that I bought a yacht.
Speaker 2
Right?
Speaker 1
So that was also, it was also like a goal for me. I think there's just a lot of reasons to do it for me. You know, a lot of fun reasons to do it. There's some business stuff that I can do with it too. Yeah. I could host events on there. Right. You know, there's a lot of different things I could do with it. Yeah. But yeah, I love owning boats. That's
Speaker 2
dope, dude. Well, bro, it's always good having you on learned a lot. I think people get a lot of value out of it. Guys go. What was the number again? You do 732-936
Speaker 1
or just follow me at Andrew Bessie on Instagram.
Speaker 2
Cool. So go check them out, help you out, get funding and make sure you subscribe. We'll catch you on the next one. Peace.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode