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Are you financially stable enough to be a horse owner?

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  • Original Poster

    Hello Pot? This is kettle.

    CHJoker I read that comment you posted,... and I thought that might be where you were coming from... but I really saw that comment in isolation... I haven't seen anyone agree with it yet. But yet somehow, it turned into "this whole topic". That was my objection.


    NYCJumper: That is exactly my point. Thank you.

    Comment


    • I haven't read every post on this thread, but I can share my own experience if anyone's interested

      I've been riding for about 17 years, but have only leased horses because I never felt comfortable taking on the financial responsibility of ownership, even though I could have covered monthly board payments. Now that I'm 26, I'm sick of having that dream keep being pushed further and further out into the future, so I started my own part-time business to put money in the bank and put me in a position where I am comfortable owning a horse.

      I would have felt irresponsible buying a horse without money in the bank, but I am NOT going to let my dream of owning a horse slip away. It's a matter of setting that as a goal for myself and finding a way to get myself there.

      Also, someone mentioned a while back that NO ONE is ever financially secure unless they are hugely rich, and I don't believe that's true. Anyone can be financiall stable if they have multiple sources of income. That way, if they get laid off from their job - there's still money coming in.

      If anyone's interested, PT me for more info - it's something anyone can do - and it's going to get me where I need to be to responsibly have a horse or two

      check out the new CANTER New England store at http://www.cafeshops.com/canterne
      _____________________
      CANTER New England: Because there's life after the finish line!
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      Comment


      • In this thread there is a lot of mention of not owning a horse for not being able to pay a high cost surgery bill. Considering the OP's original intent (as clarified on this page) I'm guessing that isn't what was actually meant or intended. People can care for and keep horses in grand style and good health on a smaller budget than imagined with prudent cash flow management. I know, I've done it in my youth. I did have a couple high cost emergency vet bills arise over the years back then with my original horse...and I did find a way to meet them. (understanding vet, personal loans) Until paid off I ate rice, it happens. And I find nothing wrong with the people who find themselves in the same position with a high vet bill, low income, and decide to either donate their horse to a rescue or even put it down. That decision isn't one I would be able to make for my horses...but far be it for me to get on my high horse and make those decisions for someone else.

        I think the OP might have meant (and correct me if I'm wrong rileyt) those people who have the burning desire to own a horse but not the financial means to take care of the basics and basic medical needs. We all understand the addiction horses can be...but sometimes it makes more sense for the horse in the long run for some to put aside that strong urge to own until they can better take care of it's needs. Myself, I've known too many horse owners to count who will forego annual shots because they just can't come up with the money, or have a horse with massively overgrown feet because they were unable to pay the farrier/hoof trimmer's bills. Or those who's horse required something such as Doxy for contracting Lyme Disease and couldn't afford the medication. If they've fallen upon hard times, that's one thing. But many were unable to afford these things to begin with when they got the horse...and to me it just makes more sense in the long for the *horse* if it goes to a home that can take care of it's needs. Sometimes just loving the horse isn't enough. Like those magazine ads I see with the golden pup laying there loking into the camera and the wording something like: "He needs you to love and care for him. He doesn't understand "if you can afford it."

        Now for those who neglect farrier bills, vet bills and basic care for their animals but can still find a way to afford hitting the bars, hitting the malls, going to a different restaurant 3 nights weekly and going to the movies a couple times a week, shame on them.

        Equine Crash Test Dummy
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        You jump in the saddle,
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        ...Belefonte

        Comment


        • Midge...I'm with you. Your points are very well made. I too cannot imagine my life without my horses...they're such an important part of who I am.

          BUT..to my husband they are a frivolous luxury (although he loves them and hates to sell them too!)...and he sacrifices a lot so that I can have them around. The situation is already inherently unfair for him...who often gets overlooked in the financial department to compensate for the priorities on horses and our two dogs. Does he grumble? Of course Does it ever enter his mind to not get a test run by the vet if there may be a problem? Never.

          In the grand scheme of things, however, my husband, my marriage, and my family are my priorities. All the animals would go before I'm willing to jeopardize that. In that light, I am one who would not put thousands of dollars into a surgery on any of my old mares. I'll do my damndest to do right by them...but there are definite limits.

          www.draygonfynedesign.ca
          www.draygonfynedesign.ca

          Comment


          • Okay, before we draw swords, COTH style...

            Midge: You are right, you never directly said this is the only way to do it. But, the way that is was worded (to me, anyway) implied that if you lose your job, the "right" thing to do is sell the horse as quickly as possible, because you can't afford to keep a horse anymore....and what I was trying to say was..well...there are other options!! You don't have to have xxx amount of money in the bank at ALL TIMES in order to have a horse!! These are priority questions...to say the least. But, I understand what you are saying. I am just trying to say... there are other options!

            I was a bit hard on you, and I apologize. I am sure that you love your horse as much as I do

            Does your husband really think that your horse is a frivolous luxury? Do all of your friends? REALLY? Come hang out with me

            RileyT, we agree on most points, really. I did actually read several posts along the lines of if you can't afford surgery, or don't have insurance you're not fit to be a horse owner. And that just pisses me off.

            In a nutshell, I think that the subject of " Are you financially stable enough to take care of your horse" is a deeply personal and private matter. I am certainly not in a position to judge that, except for myself. And, RileyT, in all fairness...I will answer your very direct question.

            YES. I am financially stable enough to take care of my horse. Thank you for asking.

            Comment


            • Midge,
              I hope you saw my post. I thought your point was very succinct and well-made.

              Comment


              • As far as being a luxury- think about it in context. Think about your country compared to the world's others. Have you ever driven down the worst parts of Mexico and seen the "houses?" (That is NOT anything against Mexico, which has simply wonderful and very well-developed parts, that is refering to the parts where people cannot even afford a shelter with four walls. That is nothing against those people- just making a point.) Have you ever been to a place like Lesotho or Kenya or Uganda with all the starving children? So even though we're not talking about being there, put it in context. I know personally I always feel grateful for my horse and being able to have him, but because almost all my friends own horses, it's easy to forget what some people would give to have them. So they're not a luxury in the sense that it's showy or elitest to have them- but they're also something that we are VERY VERY VEEEERY blessed to be able to work with.

                -*-*-*-*-*-*-*-*-*-*-*-*-*-*
                Honored founder of the Teen Clique, Homeschool Clique, Boarding School Clique, and Proud to be a Mushroom Head/ Wear a Helmet Clique; member of the Mighty Thoroughbred Clique
                <><

                Comment

                • Original Poster

                  CHJoker- I never intended the topic to be an unveiling of people's private finances... but more of a discussion of what it takes, and how to prepare yourself. There are certainly many different ways.

                  Mistyblue- I think you've hit the nail on the head... my real beef is with people who go into the horse owning business with their eyes shut, and then turn their own lack of planning into someone else's problem when they can't pay the bills they should've KNOWN were coming (e.g., the barn owner's or the vet's)

                  A friend of mine has that sign on her desk,... you know, the one that says "YOUR LACK OF PLANNING DOES NOT CONSTITUTE MY EMERGENCY" Or something to that effect. That's really my complaint.

                  Comment


                  • In Ontario unless you live within close proximity of Guelph surgery for your horse isn't even an option.
                    I too would do whatever I could financially afford but I have a mortgage, family and bills to consider before letting my heart run away with my head.
                    If those who just scraped by didn't own their horses, where would the horses be? Their fates would be far worse I'm afraid.
                    I don't live paycheck to paycheck but there are limitations to what I could put out. And questions, what would their quality of life be? Is it really better for them in the long run? What is the chances of reoccurance?
                    My two have a much better quality of life than they would have had I not taken them in and I would do what I could but not go bankrupt in the process.

                    Everyone has the ability to make others happy. Some do it by entering a room, others by leaving.....
                    ~~At least I have a positive attitude about my destructive habits~~

                    Comment


                    • <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Molly I usually agree with you, but I have to say - How can you possibly say you are joking around to keep this thread from becoming a train wreck, and then make a snitty comment like this in the same breath? I don't remember anyone telling you you shouldn't own your horses...<HR></BLOCKQUOTE>

                      my "snitty" comment is a comment i have been using sarcastically thru out this entire thread

                      and in essence some posters are saying if you live paycheck to paycheck, which i do, you have no business owning an animal

                      therefore, that is my snitty sarcastic tongue in cheek response...see my snitty comment about loading the boys up and taking them to the shelter for horses who are owned by people who live paycheck to paycheck.....

                      many times i say snitty things, sarcastic things, instead of what i really think which would in turn get me kicked off of COTH and the whole board would mourn and well, we just cant have that

                      so for the good of everyone i shall periodically say snitty things-sarcasm is my middle name

                      carry on......

                      ******************************
                      molly
                      **proud member of the calendar- CBW FOR LIFE !!**
                      http://community.webshots.com/user/mavw1971
                      www.oasisequestrian.com
                      Co-founder of White Trash Dressage (WTD)
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                      also available on Amazon.com
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                      Comment


                      • <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by rileyt:
                        CHJoker- I never intended the topic to be an unveiling of people's private finances... but more of a discussion of what it takes, and how to prepare yourself. There are certainly many different ways.<HR></BLOCKQUOTE>

                        I am sure you didn't, but many people had no problems disclosing just that

                        Somewhat nauseating to hear people say " ohhh, yeah, I make 6 figures, and I cannot afford a horse. WELL.... that would be because you spend your money on lots of other things

                        Not good, not bad, (maybe they have 10 kids for example) but doesn't really put them in a position to judge the person who makes sacrifices for their horse(s), or imply they are unfit horse owners because they don't have lots of money stockpiled.

                        Comment


                        • I did see your post, Ketch. Dragonfyne's as well. Thanks. I was fairly sure I was pretty clear.

                          Joker, obviously, my horsey friends do not think my horse is a frivolous luxury. My husband does, in so far as Rudy would not appear on a list of essentials, such as mortgage and food. Frankly, he's after food and mortgage on my list as well. As for hagning out with you, I can't afford to travel. I have a horse to pay for!

                          In my statement of Rudy being for sale, I was trying to express what I would do without bringing up the fact that Rudy is a lot of dollars on the hoof and could make a huge financial difference to us in an emergency situation, not limited to the cost of his upkeep.

                          Just so you know my heart's in the right place, Midge was free leased to a friend rather than sold to a dealer who offered a decent price for her, considering. If financial disaster struck and Midge was my only horse, she's be tossed in the back yard.

                          *****
                          Still trying to find the answers to life's persistent questions.
                          *****
                          You will not rise to the occasion, you will default to your level of training.

                          Comment


                          • [QUOTE]Originally posted by CHJoker:
                            Somewhat nauseating to hear people say " ohhh, yeah, I make 6 figures, and I cannot afford a horse. WELL.... that would be because you spend your money on lots of other things


                            WOW...isn't everyone tired of this by now? Now my innocent comments are "nauseating"? I'm beginning to wonder what has made you all so angry. But I won't join that club. I'll make ya happy by deciding not to even revisit this post. Because, if y'all can't be civil in discussions...what's the point anyway? I guess I mistakenly thought life was about learning, exchanging, growing, communing. I hoped that communication was a tool for us to grow. If it wasn't, God would have put each of us on our own little earth. Instead...he saved that perfection for Heaven. Until then...

                            Mom

                            Comment


                            • JTM, it takes 2 for that kind of discussion.

                              The truth is rarely pure, and never simple. Oscar Wilde
                              The truth is rarely pure, and never simple. Oscar Wilde

                              Comment


                              • Well, I have to jump here and say ENOUGH jumping on justthemom for her point of view. It is no more nauseating to hear "I make 6 figures and cannot afford a horse" than to hear "I live paycheck to paycheck and own a horse." Someone here said everyone's circumstances are different and that matters more than individual salaries. We all have different priorities, and would react differently in an emergency.

                                I really don't understand why this topic has gone on for so long. There's no purpose. There's never going to be a standard for what your net worth should be for owning a horse. There are waaaay too many variables.

                                Someone's feelings are going to get hurt soon.

                                Comment


                                • I don't think there's a thing wrong with JTM not feeling she can afford a horse with an income of six figures. I can think of a LOT of reasons- she never said I can't afford a horse, but on top of that, I don't spend money on anything else either. If I didn't own a horse, I would get to do a lot of things that I don't do- owning a horse is a sacrfice I make for a lot of things. To each her own if JTM decides to have the other things instead.

                                  -*-*-*-*-*-*-*-*-*-*-*-*-*-*
                                  Honored founder of the Teen Clique, Homeschool Clique, Boarding School Clique, and Proud to be a Mushroom Head/ Wear a Helmet Clique; member of the Mighty Thoroughbred Clique
                                  <><

                                  Comment


                                  • Ok I have to join in. I live my own lifestyle so that I can afford my horse. Toyota Corolla sound familiar. I loff horses and they make me who I am. Unfortuanltey (sp) right now I am at a point in my life where it is a struggle financially due to my chief sponsor being semi retired and loving that life. I pay for my horse but he would like the money to go towards travel etc. I have 3 weeks vacation a year and that is not much time for travel. Horses are 24, 7, 365 and fill my life.

                                    And to make my situation even more on point my horse if having surgery tomorrow. Insurance will not cover so I apparently can afford horses. LOL Wish me luck.

                                    I have no children so I am not spending their funds etc. Also being a Californian I lots of equity in my CA home. You know those prices. You people would be amazed.

                                    In the end I struggle to afford horses at an
                                    A show barn and am probably not showing this year but am willing to change my arrangements if need be to keep a horse somewhere.

                                    My 2 cents.

                                    "Angels fly because they take themselves lightly."

                                    Steph

                                    PS: "Don't forget your hat" (the roaming gnome)

                                    Rerider's Clique
                                    Steph

                                    http://community.webshots.com/user/stephanne014

                                    Rerider/Haydunker Clique

                                    RIP Barbaro, you were my hero!

                                    Comment


                                    • <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by RoyalTRider:
                                      To each her own if JTM decides to have the other things instead.

                                      <HR></BLOCKQUOTE>

                                      That has been my point all along.

                                      I am not trying to jump on anyone. I think some from both "sides" of the discussion have not always been listening to the other side. And like Riley said, sometimes infering things rather than what was actually said. People are just being defensive. Take a deep breath and realize we all want what is best for the horses and for us. Right?

                                      The truth is rarely pure, and never simple. Oscar Wilde
                                      The truth is rarely pure, and never simple. Oscar Wilde

                                      Comment


                                      • <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by CHJoker:
                                        Just my honest opinion...but this whole topic of "affording" a horse based soley on whether or not you can afford expensive surgery is really elitist. <HR></BLOCKQUOTE>

                                        I think the OP was not at all saying that to afford an animal you have to be able to afford an expensive surgery.

                                        <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>It doesn't really surprise me that a vet would say " if you can't afford the surgery, you can't afford an animal". DUH...he would REALLY like for everyone to be able and willing to afford expensive surgery for their pet.<HR></BLOCKQUOTE>

                                        You know, I make almost nothing on emergency procedures. They take up huge amounts of time that I can not see other patients, they use expensive equipment, and are often labor intensive. I definitely "make" more money on wellness visits (vaccines, etc), for the time and equipment involved, and would be glad to only do those kinds of calls and make probably no difference in my really production.

                                        Plus check again, that's not what I said.

                                        <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>That is a biased view, to say the least.<HR></BLOCKQUOTE>

                                        The very least.

                                        <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Good owners are classified by how they take care of their animals on a daily basis, not just in the face of an emergency, nor by what is in their bank accounts.<HR></BLOCKQUOTE>

                                        I couldn't agree more.

                                        I have clients from all income levels. There is no magic number that says you can or can't "afford" an animal. All I am saying is that YOUR LIFE has to come first, and if you are one broken down car or broken furnace or broken pet away from financial disaster, think twice about your pet ownership (and I don't mean those you got when (if) you were more solvent, that's a whole other discussion).

                                        Although slightly OT, it just REALLY rubs me the wrong way when it becomes the vets fault because the prices are too high, or we're just out to make money or whatever. As rileyT said (I think), "YOUR LACK OF PLANNING DOES NOT CONSITIUTE MY EMERGENCY" to which I say "YOUR LACK OF PLANNING FINANCIALLY DOES NOT OBLIGATE ME TO TAKE ON YOUR HOSTILITY BECAUSE YOUR PET IS SICK AND YOUR CAN'T AFFORD IT" (not directed at HF, btw, she never said that, but I hear elements on this theme all the time on the BB).

                                        Comment


                                        • I think we should ALL take care that we can REALLY afford horses. I made the mistake of getting a horse before Ihad enough income to cover that dreaded surgery, and she was put down. I STILL regret that, and it's been 16 years now.

                                          ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                                          Love is all there is

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