Horse Economics A Personal Finance Guide for the Horse Owner

by
Format: Paperback
Pub. Date: 2005-07-01
Publisher(s): Trafalgar Square Books
List Price: $21.35

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Summary

A commonsense guide to successfully managing personal, household, and equine-related finances.

Author Biography

Catherine O'Brien is a Certified Public Accountant and financial analyist and has owned and ridden horses since the age of eight. She lives in Virginia.

Table of Contents

Open Your Heart... and Your Wallet
1(20)
The Personal Meaning of Horse Ownership
1(2)
Seven Areas of Expenditure
3(5)
Purchasing a Horse
8(7)
Your Decisions Affect Your Horse's Affordability
15(6)
Financial and Risk Management
21(40)
Part I: Personal and Household General Finance
21(1)
Determine Your Net Worth
21(2)
Financial Risk Management Tools
23(24)
Safety Nets
23(1)
Budget and Cash Flow Management
24(6)
Debt Management
30(5)
Credit Management
35(1)
Organizing Your Information
36(3)
Insurance
39(8)
Part II: Retirement, Investments, and Tax Planning
47(1)
Retirement Planning
47(6)
Social Security
47(1)
Pensions and Savings
47(2)
Investments
49(3)
Tax Planning
52(1)
Part III: Wills and Estate Planning
53(1)
Wills
53(1)
Estate Taxes---A Brief Overview
54(3)
Trusts
57(2)
Part IV: Marital and Personal Agreements
59(2)
Their Barn or Yours?
61(18)
Boarding
62(4)
Horses at Home
66(3)
Direct Cost Comparison
69(10)
Purchasing Horse Property
79(24)
The Search
79(4)
The Pre-Purchase Exam
83(8)
Making an Offer
91(3)
Financing Your Purchase
94(2)
The Closing
96(7)
Developing Your Property into a Horse Farm
103(18)
Plan Your Development
103(1)
Financing Options
104(2)
Contractors
106(3)
Contracts
109(2)
Clearing Land
111(2)
Estimating Project Cost
113(5)
Record Keeping
118(3)
Keeping Up the Value of the Farm
121(8)
Your Biggest Investment
121(1)
Keeping the Pastures Green
122(3)
Preserving Fence
125(1)
Building Maintenance
126(3)
Selling the Farm
129(12)
Deciding to Sell
129(1)
Market Ready?
130(1)
Sell it Yourself, or Use an Agent?
131(2)
Property Value
133(1)
Marketing Your Property
134(3)
Receiving an Offer
137(1)
Closing
138(1)
Calculating Realized Gain (or Loss)
138(3)
Starting an Equine-Related Business
141(24)
Small Business Prerequisites
142(2)
Purchasing an Existing Business
144(1)
Starting Your Own Business
145(5)
Financial Assessment
145(1)
Managing the Risks of Self-Employment
145(1)
Local Zoning and Licenses
146(1)
Creating a Business Plan
147(3)
Financing
150(2)
Business Organization
152(4)
Business or Hobby?
156(3)
Business Insurance
159(1)
Dealing with Potential Problem Areas
160(3)
Getting Help Starting Up
163(2)
Contracts
165(40)
Elements of a Contract
165(3)
Modifying a Contract
168(1)
Types of Equine Contracts
169(14)
Sample Contracts
183(22)
Appendix I Blank Worksheets 205(3)
Appendix II Glossary 208(10)
Appendix III Resources 218(5)
Index 223

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