Bow for $100 down?

[primitivealltheway]

see ya at tannehill in august

[str8jct]

Ya'll are right, fine bows and an even better fellow!  I have two Siren T/Ds, smooth and fast.

[Turkeys Fear Me]

Originally posted by Cherokee Scout:
This is a great way to get a young one a bow and have him learn the value of money and hard work.
Nice!

Nice gesture from Swampmaster and I'm sure it will help a lot of people get a bow but the best lesson to teach a young one is to not buy things until you have the cash to pay for them.  The last thing we need to teach our youngsters is to get into debt any earlier than they absolutely have to.

[pickaspot]

TFM,
In general, I agree with you. Consumer debt and materialism are major problems in our country. Likewise, looking to someone else to provide for ones needs/wants is a serious problem too.
 James is as strong as a lighter knot now and I had been thinking about buying him a hunting weight bow for his B'day (7/2) - but not a new, semi custom, $700 one! When he said "Dad, I REALLY like this bow and I am willing to work for it" I smiled and saw teaching opportunities on multiple levels      

The lessons:
What it feels like to be in debt    :(  
Pride in earning something special on his own      
How financing works. Cash is always best, but most folks will finance a house or automobile one day. We sat down with paper & pencil and talked about amortization      
The deal Jim offers is basically $25 for the privilege of paying over time (3.6% "interest") - not too bad!
Buying value. A car is pretty much worthless in 10 years... James can shoot this bow until he is a grey hair & then hand  it down to a son or daughter.

I am sure there will be other lessons too. Rest assured, I am not not teaching my kids to wallow in debt (Liz is saving for a car and was in on the interest lesson). Hopefully, they are learning to be self sufficient and not expect Mom & Dad to pay for everything      

I feel blessed to have a son who would rather buy a bow than a bunch of video gaming junk!!        

[ermont]

I just talked to Jim and will be receiving a TD Banshee shortly. It's a nice program. Great way to get a great bow. TTT

[Cherokee Scout]

Yes, there are two sides to this lesson. Not many people I know today who can buy a new car or a home paying with cash. Almost everyone has to finance something in their life. The younger a person is when they learn both sides of the issue, the better off they will be. We must all learn to live within our budgets. Unlike our great politicians who thinks they can spend with no regard to income. Maybe if they had learned this lesson as kids, we would not be in the situation we are now.

[Lamey]

yeah,  Jims good people for sure,  smart program too, especially in a tightening economy.

[Turkeys Fear Me]

Pickaspot & CS...

I didn't mean to imply that the deal offered was anything other than a good one, or that kids working hard, and paying for what they want is a bad idea.  I'm just a firm believer in the the "delayed gratification" aspect of working hard for what one wants.  That is the most important part in my opinion.  I'd gladly let my son buy the bow, and even take delivery.  Only difference is that it would hang on the rack until it was paid for.  

As far as borrowing for houses and cars, there is a difference in my opinion between borrowing for necessities and borrowing for luxuries.

[Cherokee Scout]

Turkeys Fear Me- very good point. Many good lessons to be learned.

[pickaspot]

TFM, we are on the same page brother. Hanging the bow on the rack until paid for would have added to the lesson.

I agree that financing a house or car is not the same as buying luxuries you can't afford. However, the process is the same. My son is getting to learn about how all that stuff works with personal experience. It gives us an interesting platform to learn about money management that he can relate to. You have motivated me to spend more time on that.

What would your bow have cost you if interest was 8% and paid for it over 5 years like a car? How about if it was on a credit card at 18% and you paid minimum payments? How
about if you just saved up and paid for it?  He is already half way there!

I must admit that much of my motivation to let him have it right away was selfish. I wanted James to have extra time to build strength and confidence with a hunting weight
tradbow...so he can leave the compound at home this Fall!  
   
It delights me to see my son shooting every day and wanting to talk bowhunting in July    

[Turkeys Fear Me]

Originally posted by pickaspot:
You have motivated me to spend more time on that.

Then my post was worth it.  I though long and hard about posting what I did as I didn't want to come across as being negative about a truly nice offer.

We need to teach our kids that if they can afford the payments, they can also afford to save until they have enough to pay cash.  The only difference is the "immediate gratification" of having it now.  That is a very seductive thing that starts small but eventually overtakes many.

It's not often that one thead contains three of the four  "F's"  required for a successful life...

Faith

Family

Finances

Flingin' arrows

 

[Cherokee Scout]

There are a lot of kids out there that have parents that buy them anything and everything the kids want. The kids grow up knowing that all they have to do is ask mom or dad and they get it. Teaching kids the meaning of responsibility and how to make good decisions is many times left out of the equation. Immediate gratification can also mean a lot of hard work to pay for it!

[primitivealltheway]

people need to know about this!

[Cherokee Scout]

This would be a good chance to get a new bow before hunting season.

[mscampbell75]

Originally posted by Cherokee Scout:
You won't find a more honest bow maker than Jim Gainey.

Could not agree more!

[Blackhawk7204]

Jim goes above and beyond to satisfy his customers.

[Bow50]

Jim IS a nice man and makes a great bow. I am very impressed with the design of his Banshees. I developed some white spots in the glass of both top and bottom limbs within a month of owning my new bow. Jim had agreed to honor his warranty and make new limbs for the bow. I am awaiting word from him about the replacement limbs. I will let everybody know and hopefully give a Tradgang review of both my Banshee 1 piece and T/D bows soon.