Taking Equity out of Home to Go on Guided Hunts

[Bigred323]

Post up some pics of your hunt!

 

[wildwilderness]

Seems as if Bill Perkins thought this through pretty carefully and came up with a good plan. But what happens if your plan falls through and you hit zero long before you die?

Based on your comment it doesn’t seem like you read the book?

It addresses your exact question (fear).

(It probably doesn’t apply to low income earners that well, but realistically they aren’t considering a Grand Slam of sheep anyway)

 

[SDHNTR]

The Die With Zero notion is fine IF you have a plan and know exactly what your annual spending allowance is, with a very safe assumption of life expectancy. The fault of that notion, however, lies in the fact that very few people have actually formalized a financial plan and know these numbers. Instead, they wing it.

 

[BCDJR]

Even if you raise the money there is no guarantee you will kill a sheep on those four hunts. Think about that!

 

[keller]

So many negative comments. Let the man live his dream. And let the ney sayer wish he would have. Nothing in this life is promised

 

[SDHNTR]

So many negative comments. Let the man live his dream. And let the ney sayer wish he would have. Nothing in this life is promised

Just a hypothetical question… I’m not saying this applies to the OP.

With your mentality as stated here, are you OK with paying additional taxes to support additional Gov entitlement programs? Hey, as long as the guy enjoyed life, right? Who cares if he spent down all those assets and is now on Medicaid, bet it was a fun ride!

Because, if you’re paying attention, that is the reality we are faced with now as 10,000+ Boomers retire every day. Most without enough savings. The rest of us will have to pay for it.

Not ripping on the OP, but this general sentiment has society in trouble.

 

[Loco4dux]

OP should start a new thread just for the hunts so we can follow along without all this financial BS comments.

 

[cbeard64]

OP should start a new thread just for the hunts so we can follow along without all this financial BS comments.

And now (as always these days) politics has entered the chat.

 

[schmalzy]

Just a hypothetical question… I’m not saying this applies to the OP.

With your mentality as stated here, are you OK with paying additional taxes to support additional Gov entitlement programs? Hey, as long as the guy enjoyed life, right? Who cares if he spent down all those assets and is now on Medicaid, bet it was a fun ride!

Because, if you’re paying attention, that is the reality we are faced with now as 10,000+ Boomers retire every day. Most without enough savings. The rest of us will have to pay for it.

Not ripping on the OP, but this general sentiment has society in trouble.

I realize you said this doesn’t apply to the OP, but can you or anyone on Rokslide point to a real life scenario or instance where you personally know someone that is now dependent on government assistance due to financing a hunt utilizing equity they had in a paid off 7 figure asset?

The general sentiment that has society in trouble is making polarizing assumptions about other people.


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[Diamondback]

The OP is living his dream! That is more than some will ever do in life.
Best of Luck to him on his adventure!

 

[SDHNTR]

I realize you said this doesn’t apply to the OP, but can you or anyone on Rokslide point to a real life scenario or instance where you personally know someone that is now dependent on government assistance due to financing a hunt utilizing equity they had in a paid off 7 figure asset?

The general sentiment that has society in trouble is making polarizing assumptions about other people.


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Not from spending on hunts specifically, but professionally I have seen millions spent frivolously many times leaving people flat broke. Boats, cars, travel, luxury items, etc. sheep hunts are no different.

 

[TheGrayRider]

Not from spending on hunts specifically, but professionally I have seen millions spent frivolously many times leaving people flat broke. Boats, cars, travel, luxury items, etc. sheep hunts are no different.

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” – Norm Franz

 

[cbeard64]

Not from spending on hunts specifically, but professionally I have seen millions spent frivolously many times leaving people flat broke. Boats, cars, travel, luxury items, etc. sheep hunts are no different.

61 year old trial attorney here. In my professional and social life I have had occasion to see this myself. Many times. Fortunes won, fortunes lost. But I have never, ever, not one time seen those who have lost fortunes ever become dependent on government assistance. They may change their lifestyles completely, take lower-paying jobs, and many even stage a comeback. But I have yet to meet a former wealthy person become dependent on taxpayer money. Maybe your experience is different than mine.

Lots of millionaires evade paying taxes, take advantage of loopholes to avoid taxes, and outright defraud the government by hiding income. Most of those same folks congratulate themselves on their “ingenuity” in one breath while complaining about government assistance programs in another breath. That I have seen. Many times.

 

[mtwarden]

"Oh yeah, is this where I apply for Medicaid? I foolishly spent money on a 60' yacht and an African safari and found out I really can't afford it."

 

[SDHNTR]

61 year old trial attorney here. In my professional and social life I have had occasion to see this myself. Many times. Fortunes won, fortunes lost. But I have never, ever, not one time seen those who have lost fortunes ever become dependent on government assistance. They may change their lifestyles completely, take lower-paying jobs, and many even stage a comeback. But I have yet to meet a former wealthy person become dependent on taxpayer money. Maybe your experience is different than mine.

Lots of millionaires evade paying taxes, take advantage of loopholes to avoid taxes, and outright defraud the government by hiding income. Most of those same folks congratulate themselves on their “ingenuity” in one breath while complaining about government assistance programs in another breath. That I have seen. Many times.

Yes, I’ve seen plenty of that too!

But also plenty of what I formerly explained. Almost always with inherited wealth. And bear in mind that I said Gov entitlement too, not just Gov assistance. If all you’ve got left to live on is Social Security, something went wrong along the way!

 

[cbeard64]

Yes, I’ve seen plenty of that too!

But also plenty of what I formerly explained. Almost always with inherited wealth. And bear in mind that I said Gov entitlement too, not just Gov assistance. If all you’ve got left to live on is Social Security, something went wrong along the way!

You may think I’m nuts but our plan is to spend the next 15 years enjoying our savings and then live on our retirement (wife is retired teacher) and my SS starting at about age 75. Not that we won’t have assets left but we plan to leave those to our kids/grandkids. I have all 4 sheep and have gone on many adventure hunts but have gone on my last one unless I draw a tag in the lower 48. It’s deer hunting on our farm and DIY hunts out west from now on. I’m fine with that.

We were both raised in frugal households, will have enjoyed our lives with many adventures and a nice lifestyle, and at 75 plan to settle comfortably into a life of friends, family, reading, and car travel.

 

[2531usmc]

Yes, I’ve seen plenty of that too!

But also plenty of what I formerly explained. Almost always with inherited wealth. And bear in mind that I said Gov entitlement too, not just Gov assistance. If all you’ve got left to live on is Social Security, something went wrong along the way!

I dunno, but I’ve hunted and fished Africa
and much of North America. And I’ve also been flat ass broke a couple of times. All the hunting memories in the world would not be worth taking even an exceedingly small risk of becoming flat ass broke again

 

[TheGrayRider]

My update: Almost Go Time! I fly to Fairbanks a week from this Saturday for the Alaska dall sheep hunt (Brooks Range).

Signed on in January 2022 for my second attempt in the same unit after bumping a legal ram in 2020. We’ll try our hardest - very blessed, thankful, and grateful just for the opportunity.

Watching Alaska Airlines now as they had a systemwide ground stoppage this past Sunday evening. Let’s get it together AA…

Happy hunting to all this fall and see you on the mountain, TheGrayRider a/k/a Tom.

Update: Hi again, HornPorn. Post-hunt update, as promised - No luck again on the 13 day backpack Dall sheep hunt in the Brooks Range, Alaska. We hiked over 60 miles in Unit 25A and saw 51 sheep (11 of them were sublegal rams), 8 grizzly bears, 5 wolves, and numerous caribou.

We didn’t glass a single legal, full curl ram over the entire 13 day hunt. I was hunting with Big Game Big Country Outfitters in Unit 25A. Fewer sheep sightings overall than five years ago. The predators are doing great (grizzlies and wolves)!

I returned to this unit again because we bumped a legal ram on the same hunt in August 2020. I was the first hunter of their season and we went to their “historically” best areas for attempted success. Again, nothing full-curl or legal - very perplexing…

Notwithstanding, we did kill an old, big male Artic wolf and I lost more than 10 pounds over the 2 weeks. My clothes at home are fitting great!



The Alaska Game and Fish employee in Fairbanks said that over 25% of the collared sheep in Unit 25 died this past winter due to weather. I should have tried this hunt about 15 years ago when populations and numbers were much higher. 4 of 13 hunters (31%) killed legal sheep last year with 3 outfitters in this general region and I heard the outfitters in this area are taking even fewer hunters out this year.

I am giving up? Hell no, I never quit but dall sheep appear to be my nemesis. Next hunt already scheduled is blue sheep in the Himalayan mountains of Nepal, Fall 2026. First training hike for that hunt is at 6 am tomorrow morning at sunrise!

Good luck with your upcoming hunts. Happy hunting to all, TheGrayRider a/k/a Tom.















“The greatest wars any person has in his life are not found without, but from within.” Archbishop Fulton Sheen

 

[Oakman]

Update: Hi again, HornPorn. Post-hunt update, as promised - No luck again on the 13 day backpack Dall sheep hunt in the Brooks Range, Alaska. We hiked over 60 miles in Unit 25A and saw 51 sheep (11 of them were sublegal rams), 8 grizzly bears, 5 wolves, and numerous caribou.

We didn’t glass a single legal, full curl ram over the entire 13 day hunt. I was hunting with Big Game Big Country Outfitters in Unit 25A. Fewer sheep sightings overall than five years ago. The predators are doing great (grizzlies and wolves)!

I returned to this unit again because we bumped a legal ram on the same hunt in August 2020. I was the first hunter of their season and we went to their “historically” best areas for attempted success. Again, nothing full-curl or legal - very perplexing…

Notwithstanding, we did kill an old, big male Artic wolf and I lost more than 10 pounds over the 2 weeks. My clothes at home are fitting great!

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The Alaska Game and Fish employee in Fairbanks said that over 25% of the collared sheep in Unit 25 died this past winter due to weather. I should have tried this hunt about 15 years ago when populations and numbers were much higher. 4 of 13 hunters (31%) killed legal sheep last year with 3 outfitters in this general region and I heard the outfitters in this area are taking even fewer hunters out this year.

I am giving up? Hell no, I never quit but dall sheep appear to be my nemesis. Next hunt already scheduled is blue sheep in the Himalayan mountains of Nepal, Fall 2026. First training hike for that hunt is at 6 am tomorrow morning at sunrise!

Good luck with your upcoming hunts. Happy hunting to all, TheGrayRider a/k/a Tom.

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“The greatest wars any person has in his life are not found without, but from within.” Archbishop Fulton Sheen

Thanks for the update. Best of luck next time.