What would you do?

This is funny, it had a good ending.

But, what would you do?

Could they have done something differently?

PS: I did not know you could make that kind of money fishing ..... WOW!!!! That is the way to pay for your boat!

Wayne

http://www.cnn.com/video/data/2.0/video/us/2013/08/15/dnt-or-couple-and-cats-survive-ship-sinking.ktvz.html

 

What kind of engine was it?

 

One that went boom .... I don't think they said. But, they mentioned backfiring, which is usually gas. And the explosion would be easier with gasoline as well.

 

money can be good, until the change the regulations on you.

I had a client some years ago that built a similar boat in his back yard, all welded steel, mortgaged the house to fit it out. he paid off the house is 3 years, bought another fishing boat, a bigger one, 3 years later. Than another one after that. Than a very large fishing fleet owner bought him out and he retired with lots and lots of money in the bank.

I asked him if he thought he could do it again, he said the changes in the regulartions would make it almost impossible. limits your take, limits where you can find them, taxes, fees, make it all a rather risky undertaking. So, now you know why the cost of seafood is so high.

It is also a pretty dangerous career, as you can see. It is even more dangerous than a career as a logger.

 

I did not know it was more dangerous than logging, but when you say it that way .... that is extreme!

Thank you for that bit of wisdom.

 

we have a lot of both logging and commercial fishing around here. It is always either feast or go broke every time there is another change in regulations, or worse, some idiot judge takes the side of alarmist environmentalists.

Getting into it and making a lot of money and than getting out is still possible, but it is like timing the stock market. You could get lucky, or you could lose everything you own the first year. You just do not know what next season will be like.

 

My cousins don't usually talk about that, they are out of fishing and logging.

And my cousin with the ranch is in cattle - and boy do they hit him. They keep telling him they cannot tell if his cattle are being killed by predators or not. The released a bunch of wolves ....

They need to spend more time hunting, fishing, and enjoying the outdoors they pretend to protect.