Оглавление
Catherine E O'Brien. Horse Economics
TABLE OF CONTENTS
ACKNOWLEDGMENTS
CHAPTER ONE. Open Your Heart… and Your Wallet. THE PERSONAL MEANING OF HORSE OWNERSHIP
SO YOU KNOW…
SEVEN AREAS OF EXPENDITURE
SO YOU KNOW…
so you know…
so you know…
PURCHASING A HORSE
THE HARD-SELL SALES PITCH
YOUR DECISIONS AFFECT YOUR HORSE’S AFFORDABILITY
SO YOU KNOW…
CHAPTER TWO. Financial and Risk Management. Part I. PERSONAL AND HOUSEHOLD GENERAL FINANCE
DETERMINE YOUR NET WORTH
SO YOU KNOW…
FINANCIAL RISK MANAGEMENT TOOLS
Safety Nets
Budgeting and Cash Flow Management
TOTAL AVERAGE MONTHLY EXPENDITURE WORKSHEET FOR TWO CATEGORIES
SO YOU KNOW…
Debt Management
SO YOU KNOW…
PRIME RATE FLUCTUATIONS
SO YOU KNOW…
SO YOU KNOW…
Credit Management
Organizing Your Information
SO YOU KNOW…
Insurance
SO YOU KNOW…
MAKE SURE COVERED CLAIMS GET PAID
SO YOU KNOW…
Part II. RETIREMENT, INVESTMENTS, AND TAX PLANNING. RETIREMENT PLANNING. Social Security
Pensions and Savings
SO YOU KNOW…
SO YOU KNOW…
Investments
SO YOU KNOW…
Tax Planning
Part III. WILLS AND ESTATE PLANNING. WILLS
SO YOU KNOW
ESTATE TAXES—A BRIEF OVERVIEW
TAXABLE ESTATE EXAMPLE
TRUSTS
ALTERNATIVE MEASURES
Part IV. MARITAL AND PERSONAL AGREEMENTS
CHAPTER THREE. Their Barn or Yours?
BOARDING
HORSES AT HOME
BEFORE YOU BRING YOUR HORSE HOME, ASK YOURSELF:
DIRECT COST COMPARISON
Scenario One. CALCULATING “HORSE-KEEPING” MORTGAGE STEP 1
Scenario One. CALCULATING “HORSE-KEEPING” MORTGAGE STEP 2
AVERAGE MONTHLY EXPENDITURES FOR ONE HORSE
Scenario One. Monthly Cost Worksheet for One Horse
Scenario One. MONTHLY COST WORKSHEET FOR ONE HORSE (after figuring interest deductibility and investment return)
Scenario One. Monthly Cost Worksheet for Two Horses
Scenario Two. APPROXIMATE COSTS
Scenario Two. CALCULATING “HORSE-KEEPING” MORTGAGE STEP 1
Scenario Two. CALCULATING “HORSE-KEEPING” MORTGAGE STEP 2
Scenario Two. MONTHLY COST WORKSHEET FOR ONE HORSE
CHAPTER FOUR. Purchasing Horse Property
THE SEARCH
ELECTRICITY AND WATER—FROM THE HORSE’S VIEWPOINT
THE PRE-PURCHASE EXAM
BUYING RAW LAND
SO YOU KNOW…
SO YOU KNOW…
SO YOU KNOW…
MAKING AN OFFER
FINANCING YOUR PURCHASE
THE CLOSING
CHAPTER FIVE. Developing Your Property into a Horse Farm
PLAN YOUR DEVELOPMENT
FINANCING OPTIONS
CONTRACTORS
CONTRACTORS AND HORSES
CONTRACTS
SO YOU KNOW…
CLEARING LAND
SO YOU KNOW…
ESTIMATING PROJECT COST
SO YOU KNOW…
A NOTE ON TREATED LUMBER
BUYING MATERIALS
RECORD KEEPING
CHAPTER SIX. Keeping Up the Value of the Farm. YOUR BIGGEST INVESTMENT
KEEPING THE PASTURES GREEN
REINTRODUCING SPRING PASTURE
PRESERVING FENCE
BUILDING MAINTENANCE
ENJOY YOUR HOME
CHAPTER SEVEN. Selling the Farm. DECIDING TO SELL
YOUR GOALS AS THE SELLER
TAX CONSIDERATIONS
SO YOU KNOW…
MARKET READY?
SELL IT YOURSELF OR USE AN AGENT?
PROPERTY VALUE
MARKETING YOUR PROPERTY
INTEREST RATES AND PROPERTY SALES
SO YOU KNOW…
RECEIVING AN OFFER
CLOSING
CALCULATING REALIZED GAIN (OR LOSS)
CHAPTER EIGHT. Starting an Equine-Related Business
SMALL BUSINESS PREREQUISITES
THE IMPORTANCE OF EDUCATION
MENTAL MODEL
PURCHASING AN EXISTING BUSINESS
STARTING YOUR OWN BUSINESS
FINANCING
SO YOU KNOW…
SO YOU KNOW…
BUSINESS ORGANIZATION
DIFFERENT NAME—SAME FUNCTION
SO YOU KNOW…
BUSINESS OR HOBBY?
QUICK REFERENCE: COMPARING AN LLC TO A CORPORATION
BUSINESS INSURANCE
DEALING WITH POTENTIAL PROBLEM AREAS
GETTING HELP STARTING UP
CHAPTER NINE. Contracts
ELEMENTS OF A CONTRACT
MODIFYING A CONTRACT
TYPES OF EQUINE CONTRACTS
SO YOU KNOW…
SAMPLE CONTRACTS
PURCHASE AND SALE AGREEMENT
LEASE AGREEMENT
BOARDING AGREEMENT
HORSE TRANSPORTATION CONTRACT
GUARANTEED LIVE FOAL BREEDING CONTRACT
SHIPPED SEMEN BREEDING AGREEMENT
AFTERWORD
APPENDIX I. Net Worth Worksheet
Monthly Budget Worksheet
Cash Requirement Worksheet
APPENDIX II. Glossary
APPENDIX III. Resources
INDEX
