Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

Buying A Boat: Who’s Looking Out for You?

August 12, 2022 By E.J. Smith - Your Survival Guy

You may know my recommended strategy for buying a boat. It’s a team effort that starts with finding the boat, and continues on to include other challenges like getting it surveyed, having a place to dock it/moor it, winterizing it, and storing it, to name a few.

Here’s a sample of what you’ll learn in my series How to Buy a Boat.

How to Buy a Boat: Part I

“One weekend I brought a friend with me and we were all in the little 9 foot Boston Whaler. I think we decided to stop and have lunch so my dad asked my friend to throw the anchor over. And so he did. We were still drifting so my dad asked him to tie it off. My friend said “Sure, with what?”  Turns out he threw the anchor and the line overboard. Thankfully the water wasn’t too deep and we were able to get in the water and bring it up. So the first piece of advice is to make sure you’re ready to own a boat. I’ll have more for you soon.”

How to Buy a Boat: Part II

“We knew we wanted something we could fish off of and we didn’t need a big cabin because we weren’t going to be sleeping on it. In terms of length we had 30-feet in mind for a couple of reasons: 1) the waves in this area can be steep, choppy, rolling, and unpredictable. 2) If the weatherman says it’s going to blow 15 knots, it’s a good rule of thumb to add at least ten knots to his forecast. It gets windy here. I wanted a sturdy boat. I remember Dick Young telling me about a conversation he had years ago with a long-time local fisherman who said: ‘Around here, you want something over 30 feet.'”

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

How to Buy a Boat: Part III

“I met Skip Helme during my lunch break. I told him why I was there and he said ‘Let’s go look at some boats.’ As we were walking around the yard what stood out to me was how serious Skip was when I asked about a boat: “Oh, she’s not for sale, that’s Tom Smith’s boat.” And then he gave me more information on that particular boat than I thought possible. I didn’t know who Tom was, and the boat wasn’t for sale, but I knew I wanted to work with Skip.”

How to Buy a Boat Part IV

“After looking at the first couple of boats, Skip suggested we come up with a back-of-the napkin scoring sheet. We graded each boat based on overall condition, hours on the engines, and an assortment of other factors. For example, one category was radar. Skip could tell within seconds how much value an open array radar system added compared to a closed array. He turned one unit on that happened to be a closed array and said ‘that’s not working right, it’s off balance, it will need to be fixed,’ and made note of it on our scoring sheet. At the end of the day, we had about six boats scored and had an idea of what our final price would be for each.”

How to Buy a Boat Part V

“’If you’re going to buy a boat that is mass produced, make sure you don’t buy the one that was put together on a Friday afternoon,’ Skip Helme, Owner Brewer Street Boatworks. Well Skip and I made our offer, it was accepted and we needed to get it surveyed. Skip said he knew just the guy: Steve Maddock. Turns out our boat was built on a Friday afternoon.”

How to Buy a Boat Part VI

“There is no owner’s manual for learning the ways of the water. It can get messy out there. It’s not always easy. It’s boating, in the same way fishing’s not called catching. But if you stick with it, you wake up one day and realize: I’m sailing!“

In reality, the journey is just beginning when you buy the boat. After that, it helps to have a team on your side. One of the reasons I like Grady White is their attention to detail and service. You can see below the note I received from CEO Kris Carroll. She didn’t have to send me a thank you note along with a cooler, insulated mugs, and fishing cloth. What stands out above all else is that you’re dealing with a company that stands behind its product and values you, the customer, from the very top. That’s worth a lot to Your Survival Guy.

Action Line: If you have $500,000 in savings, I want to talk with you.

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Buying the Election
  • How to Buy a Boat Part IV
  • How to Buy a Boat Part VI
  • How to Buy a Boat Part V
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Graduation to Retirement: “I Have a Guy” #7 - May 22, 2025
  • Congratulations, You’re Retired: Now What? Part 6 - May 21, 2025
  • Congratulations, You Graduated into Retirement. Now What? #5 - May 20, 2025

Dick Young’s Must Reads

  • America’s Silent Army with 423M Guns
  • Are You Prepared to Run Out of Water?
  • Rich States, Poor States this State is Dominant Once Again
  • A Threat to Our Constitutional System
  • Boom—Your Life Changes
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • Conflict Between Democratic Sovereignty and Transnational Progressivism (Globalism)
  • “If Only I’d Followed Dick Young’s Advice Sooner”
  • Making America Great Again Is What America Wants
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes

Our Most Popular Posts

  • A Calculated Decision to Keep Silent
  • An American Tragedy
  • Congratulations, You Graduated into Retirement. Now What? #5
  • Retirement #4: How Do You Feel? How Will You Feel?
  • Who Knew about Biden's Health?
  • Middle East Investment Bonanza as Trump Tours Region
  • Donald Trump’s First 100 days
  • Is Trump Divorcing Bibi?
  • Congratulations, You’re Retired #3: “When You Were Young”
  • A Contemptable Little Twerp

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Graduation to Retirement: “I Have a Guy” #7
  • Indonesia Urged to Act Fast to Avert Domestic Gas Crisis by 2033
  • Nuclear Power Gets Green Light in Sweden Despite Political Divide
  • Behind the Code: Microsoft Hunts a Global Cyber Threat
  • Congratulations, You’re Retired: Now What? Part 6
  • U.S. Billionaires Target Congo’s Cobalt in Bid to Secure Energy Future
  • China Dominates Battery Supply Chain: From Mine to Market
  • Shale Plateau Looms as Global LNG Market Set to Double
  • Congratulations, You Graduated into Retirement. Now What? #5
  • World’s Leading EV Motor Factory to Supply Ferrari and Lamborghini

RSS Yoursurvivalguy.com

  • Graduation to Retirement: “I Have a Guy” #7
  • Your Retirement Life: Top of the Rock
  • Where Do We Stand with Tariffs?
  • Congratulations, You’re Retired: Now What? Part 6
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • Is America Poised for Next Gen Nuclear Power?
  • Congratulations, You Graduated into Retirement. Now What? #5
  • Big Blue Blob Cities Drive Residents (and Money) Away
  • Don’t Forget the Laffer Curve
  • Retirement #4: How Do You Feel? How Will You Feel?

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives