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Reply to "Anyone pay more than $6000 per year for your teen to participate in an expensive sport?"
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[quote=Anonymous][quote=Anonymous]Curious about the people who spend more than 5 figures on a sport. What do ya'll make? Cuz the OP in another thread is being roasted for spending 50k on vacations for 5 people. I'd love to see what they'd say about spending 30k on figure skating or a horse![/quote] HHI of around 300k. I offset expenses by boarding horses for other people and occasional sales, as I said before. The horse business doesn't always make money (depends on whether I sell one) but it's enough. When I do sell I tend to make mid five figures too so there is that. Having my own farm helps because I can purchase a foal when they are cheaper (around 10k), then sell as a 4-5 yo showing potential. But there's a lot of risk involved -- they go lame, get hurt, colic, turn out to have a difficult temperament, don't have the scope over jumps their breeding would indicate, etc.[/quote]
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