Why you should not take equity out or dump your 401 K to take super expensive hunts.

Well if it isn't sheep hunts it appears to be something else. Median net worth by age group in America is laughable.
 
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“Dream as if you will live forever. Live as if you’ll die today.” James Dean.

Sheep hunt in 345 days, 4 hours, and 23 minutes, but who is counting?

Cash, credit, payday loan, sweat, or blood? Don’t care - Life is too short! I am going. Happy hunting to all, TheGrayRider a/k/a Tom.
 
This is basically what I did to fund my big game hunts . I planned, budgeted, and saved so I can write a check for the hunt.

But I’m somewhat taken aback with people going on sheep hunts that obviously do not really have the financial resources to do so.

Maybe I’m just old, but I don’t understand why someone would risk their long term financial health for a two week hunt

I’m not picking on you but curious; do you have an example of someone on here going on a sheep hunt that obviously does not have the financial resources to do so?


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I’m not picking on you but curious; do you have an example of someone on here going on a sheep hunt that obviously does not have the financial resources to do so?


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No, he doesn’t.

But that doesn’t stop many people from making assumptions and issuing blanket statements about decisions that others make when they really have zero clue about the financial wherewithal of the individual that they are criticizing.
 
I’m not picking on you but curious; do you have an example of someone on here going on a sheep hunt that obviously does not have the financial resources to do so?


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In my mind it’s really simple. If you can “write a check” for said hunt and it make zero difference in your financial position or burden you with more debt, then you can afford it.

Otherwise, not so much.


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Yeah.... We didnt buy into the 401k investment BS. Just getting into our 40s and we own eveything outright. If we want something we just spend our savings and enjoy that money while were alive. Want a new truck. Just pay cash. Want a winter house, just save up a couple years and buy one. Want a dall sheep hunt save up this year and book it.... Why would I save my whole life hoping that maybe... just maybe the gov will allow me to use it someday.
 
You guys are going about this all wrong. Most of you probably have two functional kidneys. What if I told you that you could permanently carry about 5 ounces less into sheep country, AND fund a hunt or two all in one black market operation?


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You guys are going about this all wrong. Most of you probably have two functional kidneys. What if I told you that you could permanently carry about 5 ounces less into sheep country, AND fund a hunt or two all in one black market operation?


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How much are we talkin? I don't have a strong attachment to my kidneys (I'd obviously keep at least one).
 
How much are we talkin? I don't have a strong attachment to my kidneys (I'd obviously keep at least one).

I don’t know the current market, but I’d like to think that it has gone up at a similar rate to sheep hunts.


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In my mind it’s really simple. If you can “write a check” for said hunt and it make zero difference in your financial position or burden you with more debt, then you can afford it.

Otherwise, not so much.


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This really the gold standard, no argument there. Anyone with six figures in their checking account needs a role model.
 
So many variables to consider. I think this deserves some thought and priorities. Good old plus and minus chart for each individual is my best advice. The hunt prices have exponentially exploded here in the recent past, far more than the majority of stocks. However, you don't get that compounding growth if you take it out.
When do you plan to take it out, when do you want to retire, how big a priority is a hunt for you, new car vs hunt, nice family vacation vs hunt....so many variables. Personally, I wouldn't dip into my 401K but I'll work my butt harder for a few years to save up for it. And these hunts are important to me as life experiences.
 
Thank god i enjoy hunting anything i can do diy for the cost of gas and lodging. In the end the antlers don’t mean much to me other than to trigger a memory. I realized long ago literally no one else cares what i have on the wall. For me it’s all about the actual hunt. Even if you have the money i think its insane to spend $200,000 to kill an animal that in the end will just sit on your wall for people to simply look at and either say “nice” or “disgusting”. Even those that can appreciate it won’t be nearly as excited as i would be or realize what went into getting the animal they’ll just think it’s simply cool. But most i take downstairs in the man cave barely glance at the game down there.
 
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My Daddy died at 60 and my Mama had a stroke 3 days after retiring at 72. Neither got to enjoy their savings, but almost all has been eaten up for Mama's medical needs. It all definitely will be, even though she hasn't known what's going on the last at least 10 years. No enjoyment at all from both their 401k and other savings. I say enjoy yourself and roll the dice on a tomorrow that may never come.
 
There is extremes to all of this.

Someone really close to me owns his own business, he is a multimillionaire through his own contributions plus if he sold his business today he’d net at least 10-15 million. This man frets over a few thousand dollars every deer season and is so stressed from work that he may not enjoy his fortune. My dad is the opposite, made plenty of money over the years and spent almost all of it on hunting/life. He is 80 now and still works some, he won’t leave us much but that guy is happy and didn’t miss out on much in life.

As much as retirement seems so desirable, the amount of people that deteriorate rapidly and get bored of life once work ends are rarely talked about.


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There is extremes to all of this.

Someone really close to me owns his own business, he is a multimillionaire through his own contributions plus if he sold his business today he’d net at least 10-15 million. This man frets over a few thousand dollars every deer season and is so stressed from work that he may not enjoy his fortune. My dad is the opposite, made plenty of money over the years and spent almost all of it on hunting/life. He is 80 now and still works some, he won’t leave us much but that guy is happy and didn’t miss out on much in life.

As much as retirement seems so desirable, the amount of people that deteriorate rapidly and get bored of life once work ends are rarely talked about.


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IMO a lot of the sedintary lifestyle after retirement is a result of not saving in your prime years and just barely surviving (monetarily) after retirement.

Or having to work so long from not saving that your health deteriorates to the point that you aren’t physically able to do things after retirement.

I’m trying to balance both. I WANT to retire early enough to be able to enjoy life afterward while being able to be self sufficient financially.
 
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