It's time of year when boaters need to look at what maintenance that their boats need and make sure that everything is in order like their licensing fees and boat insurance. Now boat insurance and licensing fees aren't reason somebody gets a boat, unless they are a masochist, but it is an important part of boat ownership.

People would rather slap another coat of varnish on or replace all lanyards than think about financial aspects of boat ownership. That is perfectly normal, part of reason we get boats is freedom. We see boat as an escape from our normal humdrum life especially all those reminders of our day to day responsibilities.

This is especially true in late Spring and early Summer when our thoughts start turning from progress reports and daily production logs to nautical maps and tidal charts.

One of hardest things for many is asset management. Why is asset management so difficult for many of us? The question has several answers.

First we need certain things to survive, food, shelter, security and companionship. Second we want certain things to brighten up our lives like entertainment, education, and enlightenment.

Lastly we are influenced to acquire more of everything. More electronics, more furniture, more appliances, more cars, more things. We are endlessly sold on idea that what we have is not enough.

Also we are given easy to access credit to buy those things we really have no need for.

When we engage in asset management we are trying to get a handle on our lives. Sometimes we may need professional help with our lives.