“Horse poor” is just a phrase … right?
Let’s admit it, most of us horse people are horse poor: as the saying goes, we like to keep our money where we can see it — running around in the pasture on four legs. Unless we’re part of the elite few who are well off and have horses, we are probably broke.
While we might not have a big savings account or a lot of green bills in our pockets, we are blessed with the fact that we own horses. So, let’s add up everything that comes with owning horses and calculate our equestrian net worth.
1. Horses themselves
Each horse can cost anywhere between $1,000 to $10,000 … or more. For the sake of discussion, we’ll leave out the toothless old hay burners in the retirement pasture. This reflects how much your horse is worth in today’s market with an ample amount of training.
If you have horses, you have a truck … hopefully. Trucks can cost up to $70,000 these days. Who cares if your monthly payment cost more than your mortgage? We won’t even go there.
No point in having a truck if you don’t have a trailer. So this means you have just increased your net worth at least another $10,000 or so. Got living quarters? Consider yourself truly wealthy.
Most of us are not Stacy Westfall, so this means we own at least a saddle or two. (I’m sure Stacy actually owns a LOT of saddles even though she obviously doesn’t need one). Mo’ saddles = mo’ net worth.
How many tons of hay are in your barn? We won’t even go into if you’re farming your own hay, with the associated tractors, balers, hay wagons and elevators.
6. Medical supplies
Look, some of our tack lockers could double as black market pharmacies. These supplies add up quickly. Very quickly.
7. Your horse farm or ranch.
Do you own your own place? Okay, so maybe the bank still technically owns it, but just think: in about thirty years it will be all yours!
After tallying all these numbers up, the results are in: we’re all millionaires — just not in the conventional sense. And let’s be honest: we don’t need to put a price tag on time spent with our horses anyway.