skreamer 1 #26 February 25, 2004 Quotebut the last year was fairly exceptional and involved a lot of traveling. Same for me, one trip to South Africa, one to Sweden and two to USA - you could say I had a good year. I don't really think one should count the travel and accomodation costs as a skydiving related expense, if you weren't skydiving you would still take those holidays anyway. Will Quote Share this post Link to post Share on other sites
jeremyneas 0 #27 February 25, 2004 I made a profit, where is that option? Quote Share this post Link to post Share on other sites
pccoder 0 #28 February 26, 2004 sorry dude, appreciate the response though. PcCoder.net Quote Share this post Link to post Share on other sites
jumperconway 0 #29 February 26, 2004 It's cool dude, I was mistaken, in my new rig was another main and reserve and I bout another used Xaos last year so add another $2000,00 shit there you go again! Quote Share this post Link to post Share on other sites
sdgregory 0 #30 February 26, 2004 well let's see. Consider that I did my AFF 1 on October 5th of last year and got my 33 jump on December 28th. That means that I am still in my first year in the sport. So let's assume I am in year one and include everything I have spent to date (which is 5 months). $2386 on getting my A lisence $166.00 on jumps 26-33 $2600 on my used G3 with PD reserve and Cypress $350 on my Bev Suit $129 on my Galaxy Alti (used) $544 on my Havoc and my Neptune $435 on my Da' Kine Rags freefly suit $80 on my two pairs of Converse All-stars (bought to jump in) $1439 on my New Pilot 210 $1000 on my Hornet 230 Money to be spent by end of March $1600 for new G3 for my new Pilot $925 for PD Reserve 218 $1200 for Cypress 2 (unless I can get a good deal on used Cypress) $900 on Wind Tunnel just before the Sebastian boogie. $XXXXXX dollars on Sabastian boogie Total in 6 months (includes March) $13,754 + $XXXXXX Holy shit! No wonder I have no damn money! I actually had no idea I spent that much. Like someone else said, I am also in the next tier. I voted wrong saying between 5 and 10 thousand. Opps. Quote Share this post Link to post Share on other sites
PlayDough 0 #31 February 26, 2004 Close to 11k My first year, this includes my AFF, Rig, Coach, Misc Gear and jump tickets/tunnel time. I'm having faint hopes of the cost sliding down a bit... however I'm seeing the desire for more experiences and opportunities. I don't know where it went. Just don't loose sight of what's important! Life is short -- enjoy it while you can! Quote Share this post Link to post Share on other sites
bigbearfng 9 #32 February 26, 2004 I've tried not to keep track.....my wife does.....she's into "equal value"! She's been showing her friends her new earrings with quite a few diamonds..."See my new parachute?" Quote Share this post Link to post Share on other sites
mccordia 73 #33 February 26, 2004 - About 4000/4500 euro's in jumps, taking 20 euro's as the average price (12.000 ft costs 25 euro's) - about 800 euro's (gas for my motorcycle, getting to/from the DZ) - 1100 euro's for a new cypress - 60 euro's for my gears year-check - 20 euro's for 6 month repack - 100 euro's (fabric for freefly suit my mom made me) So roughly 6000 euro's (which would now translate to about 7500 US $$$ Damn that's a lot of money.. Going to try and top that this year though...want to buy a GTI (BM suit), a new rig...going to Sweden and the USA (both for jumping) Damn I'n gonna be broke...heheJC FlyLikeBrick I'm an Athlete? Quote Share this post Link to post Share on other sites
Luv2Fall 0 #34 February 26, 2004 Wow..............it adds up but worth every penney. Quote Share this post Link to post Share on other sites
crwmike 0 #35 February 26, 2004 QuoteQuotebut the last year was fairly exceptional and involved a lot of traveling. Same for me, one trip to South Africa, one to Sweden and two to USA - you could say I had a good year. I don't really think one should count the travel and accomodation costs as a skydiving related expense, if you weren't skydiving you would still take those holidays anyway. Will Sounds like you had a great year. My travel, however, was exclusively for skydiving, in support of the training and selection camps for the CRW record. It was a blast going to new DZ's (or ones I haven't been to in a couple of decades). Didn't buy any new gear as I was planning on hanging it up after the CRW record. I've reconsidered and now plan on jumping with THEM TOADS as long as I am able ...thus, I'm planning on buying new gear this year. :) Skies, Michael Quote Share this post Link to post Share on other sites
Beverly 1 #36 February 26, 2004 Eish! In the 10-15k mark. From SA, so a trip to the states is included. Over R80 000 (That's Rands) Owch. That was over 300 jumps, new Bev Suit. This year is new gear and going large for nationals and world meet. Should rack up about another R80 000 this year ($12k). The dollar figure does not look that bad relative to the Rand spent. I think true friendship is under-rated Twitter: @Dreamskygirlsa Quote Share this post Link to post Share on other sites
BethUK 0 #37 February 26, 2004 I think Ive spent about £4500, which is about $8000...that was on my own gear though, and AFF so not too bad I guess Student loans are great!! Bx------------------------------------------------------------ "This isn't flying...it's falling with style!" Buzz Lightyear - Toystory 1 Quote Share this post Link to post Share on other sites
The111 0 #38 February 26, 2004 QuoteLike someone else said, I am also in the next tier. I voted wrong saying between 5 and 10 thousand. Way to vote before you post, MORON. Btw, I was the other one who did the same thing. Say hi to me at the Seb boogie. www.WingsuitPhotos.com Quote Share this post Link to post Share on other sites
curtismelaniej 0 #39 February 26, 2004 I'd say around $15,000-- but I really don't keep track. A budget would just stress me out, and it's not like I'm NOT going to spend the money anyway! And this year is shaping up nicely-- just bought a new canopy, 2k helmet, and PC105!! __________________________________________________________ http://www.skydiveelsinore.com/teams/EXCEL/basic_camp.html Quote Share this post Link to post Share on other sites
FIREFLYR 0 #40 February 27, 2004 My first 4 months ... I spent about $8k"One flew East,and one flew West..............one flew over the cuckoo's nest" "There's absolutely no excuse for the way I'm about to act" Quote Share this post Link to post Share on other sites
Mad47 0 #41 February 27, 2004 ~250-270 jumps ~ $ 5K 2 tunnel camps ~ $750 competition fees, travel, hotels, repacks ect ~ 2k looks like this year isn't going to be better ... Quote Share this post Link to post Share on other sites
firstime 0 #42 February 27, 2004 I know the feeling. I started adding things up and was afraid to look at the calculater each time I pressed the + button. Hey don't think of the $, just think of the good time, great laughs, great people, the high fives, goofing on one your buddies when he gets a grass stain on his forehead, the beer, the BBQ's, laughing in the video room from a continuous funnel. Man it goes on & on and I don't wanna sound like the mastercard commercial but it is without a doubt @#$%ing "priceless. Blue skies all, ***Don't pet the swetty things Quote Share this post Link to post Share on other sites
Decibel 0 #43 February 27, 2004 QuoteYou gotta be sly, and know the double jeopardy rule. I did 1 jump with a new jump suit, new alti, new helmet, and my first out of a certain plane. That's 4 "beer offenses" for the price of one. Actually, what you really need to do is start brewing beer! $15-25 for 5 gallons is hard to beat, not to mention it tastes *way* better than most of what's out there to buy. Heiniken? Blech! :P Quote Share this post Link to post Share on other sites
Dumpster 0 #44 February 27, 2004 Let's see - 135 jumps at 20 a pop - $2,700.00 New jumpsuit - 200 bones- 200.00 Meet entry fees - about 100 I guess 100.00 Rig maintenance - about 200? 200.00 total about 3,200.00 clams This year should be much better - We're starting out with a trip to Orlando and two hours in the tunnel plus a day or so at Deland and/or Z-Hills Edit to add - Never thought to factor in food at DZ's, beer, gas to and from DZ's, etc. Probably takes the total over four grand I'm sure. Easy Does It Quote Share this post Link to post Share on other sites
aerialcameraman 0 #45 February 27, 2004 I didn't spend that much maybe 160.00 for pulling the camper to its home spot and then gas for the car back and forth and food. I made more then i spent. I probably made around 2 to 3 thousand jumping this year. But agian i worked the whole summer getting paid to jump. Quote Share this post Link to post Share on other sites gary350 0 #46 February 28, 2004 Do medical bills from a skydiving injury count? Quote Share this post Link to post Share on other sites Lee03 0 #47 February 28, 2004 Dollar amount, how much, I don't know, butit was allot.-------- To put your life in danger from time to time ... breeds a saneness in dealing with day-to-day trivialities. --Nevil Shute, Slide Rule Quote Share this post Link to post Share on other sites nightjumps 1 #48 February 28, 2004 QuoteI don't think I want to know. Between all the traveling I do and that includes airfare, hotel, car rental, jumps, and food. I'd rather not know. Heck, you can't take the money with you, so why not spend it here. As Coaches and Instructors, one "may" have some tax relief as a "Sole Proprietorship." 1. Setup a sole proprietorship checking account. 2. Account for all monies that are spent and income received for jumps (educational jumps where someone pays for your slot is considered income for your sole proprietorship). 3. If at the end of the year, your losses exceed your income, you may deduct those losses of your gross income and receive a refund for an apportionment of those losses. Some caveats - I do all my own book-keeping and my tax accountant assists me in making sure that I stay within the IRS guidelines. He assists me in maintaining that line of difference between hobby and business. I deduct: 1. mileage to & fro DZs 2. Fun Jump tickets - as a requirement for currency. 3. Depreciation on gear purchases (if sold, the IRS wants that depreciation back). 3. Meals 4. Packer fees 5. USPA membership 6. Rating fees 7. Professional magazines 8. Rigging fees. 9. Jump Suits. 10. Computers 11. All costs associated with the WFFC Convention. I claim as income: 1. Instructor payments 2. Coach jumps that are paid for 3. Barter Income. Best advice is - talk with a good tax accountant prior to going in this direction to see "if" its an opportunity for you and you could survive an audit. And the good news is - what I pay him annually is also... a tax deduction. Quote Share this post Link to post Share on other sites flyangel2 2 #49 February 28, 2004 Keith, Great idea. I'll have to keep all my receipts from WFFC since I do "training" jumps there Most times when I travel, it's for some kind of event and wouldn't feel right writing that off. I don't do many coach jumps here in Colorado that I charge for. Heck, I don't even jump much here in Colorado.May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. - Edward Abbey Quote Share this post Link to post Share on other sites sdgregory 0 #50 March 6, 2004 QuoteWay to vote before you post, MORON. HAHAHAH! Bite me knucklehead! I sure will be looking for you at Seb. . You just better hope you see me coming. I through beer. Hahaha! What a funny guy you are . . . Quote Share this post Link to post Share on other sites Prev 1 2 3 Next Page 2 of 3 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0
gary350 0 #46 February 28, 2004 Do medical bills from a skydiving injury count? Quote Share this post Link to post Share on other sites
Lee03 0 #47 February 28, 2004 Dollar amount, how much, I don't know, butit was allot.-------- To put your life in danger from time to time ... breeds a saneness in dealing with day-to-day trivialities. --Nevil Shute, Slide Rule Quote Share this post Link to post Share on other sites
nightjumps 1 #48 February 28, 2004 QuoteI don't think I want to know. Between all the traveling I do and that includes airfare, hotel, car rental, jumps, and food. I'd rather not know. Heck, you can't take the money with you, so why not spend it here. As Coaches and Instructors, one "may" have some tax relief as a "Sole Proprietorship." 1. Setup a sole proprietorship checking account. 2. Account for all monies that are spent and income received for jumps (educational jumps where someone pays for your slot is considered income for your sole proprietorship). 3. If at the end of the year, your losses exceed your income, you may deduct those losses of your gross income and receive a refund for an apportionment of those losses. Some caveats - I do all my own book-keeping and my tax accountant assists me in making sure that I stay within the IRS guidelines. He assists me in maintaining that line of difference between hobby and business. I deduct: 1. mileage to & fro DZs 2. Fun Jump tickets - as a requirement for currency. 3. Depreciation on gear purchases (if sold, the IRS wants that depreciation back). 3. Meals 4. Packer fees 5. USPA membership 6. Rating fees 7. Professional magazines 8. Rigging fees. 9. Jump Suits. 10. Computers 11. All costs associated with the WFFC Convention. I claim as income: 1. Instructor payments 2. Coach jumps that are paid for 3. Barter Income. Best advice is - talk with a good tax accountant prior to going in this direction to see "if" its an opportunity for you and you could survive an audit. And the good news is - what I pay him annually is also... a tax deduction. Quote Share this post Link to post Share on other sites
flyangel2 2 #49 February 28, 2004 Keith, Great idea. I'll have to keep all my receipts from WFFC since I do "training" jumps there Most times when I travel, it's for some kind of event and wouldn't feel right writing that off. I don't do many coach jumps here in Colorado that I charge for. Heck, I don't even jump much here in Colorado.May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. - Edward Abbey Quote Share this post Link to post Share on other sites
sdgregory 0 #50 March 6, 2004 QuoteWay to vote before you post, MORON. HAHAHAH! Bite me knucklehead! I sure will be looking for you at Seb. . You just better hope you see me coming. I through beer. Hahaha! What a funny guy you are . . . Quote Share this post Link to post Share on other sites