Wednesday, February 27, 2008

Pet Monkeys - The Financial Considerations


Image Taken From Whiplash Rides

I have always wanted to own a monkey. They are are ridiculously awesome and having one as a pet would be even more awesome. I recently saw some videos about a sheep dog riding cowboy monkey named Whiplash that got me pretty pumped about the idea again. Since this is a blog about money, I wanted to see how owning a monkey would affect the bottom line of my family. We will taking a look at our cash flow as well as what affect it might have on our budget.

Purchase Price:
Did you know that you can buy a monkey on the internet? I didn't either until the all powerful Google told that you could. After a quick trip over to the Primate Store I discovered that you can purchase a monkey at the rock bottom price of $1,200 - but that was for a Fat Tailed Dwarf Lemur, a minuscule monkey that looks like it has little training potential. But it also seems to have little pooh throwing potential, so I guess that is okay. I guess if I had a choice between a Yorkshire Terrier and Fat Tailed Dwarf Lemur I would definitely take the Lemur. The highest price I saw at the primate store was $9,800 for a baby Female Miniature Crested Celebes Ape. I'll split the difference and figure that a quality, trainable monkey would cost me $5,500.

Running Total: $(5,500)
Monkey Maintenance:
From what I have read, it may be difficult to find someone to take care of your monkey. Since a monkey it about 10 times better than a dog, I figure that a monkey will run about 8.5 times the price of a dog's vet bill and food expense considering the coolness factor of inflation. That would up my monkey bill between $2,550 and $4,250 a year. Since monkeys can live 15-20 years that would bring the expenses of owning a monkey up by about $59,500, give or take several thousand.
Running Total: $(65,000)
Time Lost to Cleaning and Cage Maintenance:
Monkeys are really, really, really dirty. It takes time to clean a cage and I doubt you'll be able to teach a monkey the wonders of indoor plumbing. Unless you already regularly clean stinky, dirty animals this could be a full time maintenance mess. Using the same coolness factor of inflation I figure it will take 8.5 times more work to clean up after a monkey than it does a dog. That means it takes 2 hours a week worth of cleaning. That is about $30 dollars worth of time a week given my current wage. That is an additional $1,560 a year for a total of $27,300 for the life of the monkey, not taking into account the increasing value of my time.
Running Total: $(92,300)
Legal Fees:
Monkeys can be dangerous. Once they reach sexual maturity they can become aggressive and pound for pound are very strong. It is also very possible for humans to get diseases from monkeys. That could turn Junior's birthday party into a hepatitis B party - I love party favors. I'll figure that nothing terrible happens, but I have to pay a lawyer for 2 hours just to cover my butt. It would probably be a San Diego County lawyer because they would be close to home, one of the key components of finding a quality lawyer. Price paid: $300.
Running Total: $(92,600)
Monkey Revenue and the Intangibles:
The only reason you have a monkey as a pet is to train it to do cool things. These cool things can also earn you money, if you know how to crack the competitive birthday party/rodeo market. Lets assume that my monkey isn't smart enough to be a public spectacle until he is 5 years old and I put him out to stud for the last two years of his life. That leaves me about 10 years of use out of the monkey. Then lets say that I earn $125 per birthday gig, speaking engagement, rodeo, or old west reenactment. I would only have to do one event a week for a ten year period in order to recuperate all of my monkey expenses - and that doesn't even include all the paid sex my monkey will be having with other monkeys.

There are also the intangibles of owning a monkey. You probably couldn't put a price on what it would do for my family. My house would be the house that all my kids' friends would want to hang out at simply because we had a monkey. They would have the best show and tell presentations this side of the Reformation, making them at least the second most popular person at their school. Until they were in the fifth grade they could always scare bullies by telling them that they would bring their pet monkey to school to whip their butt if they didn't stop. I mean I could make about 50 Priceless commercials just off the top of my head if I wanted to. You can't put a dollar amount on intangibles, but I am going to any way - $100,000.

Running Total: ~$100,000
Summary:
Clearly owning a monkey is not only a strong personal and family move, but it is also a sound financial investment. You will earn $100,000 worth of money and enjoyment out of your monkey if you play your cards right.

Another thing to consider is finding an affordable pet insurance company to help defray some of the expenses that taking car of a monkey can entail. There are many different types of pet insurance, but finding the right one to help you defray the costs of pet ownership is can really be a big deal with owning a monkey.

Chances are you are going to want to have two types of pet insurance when owning a monkey - pet medical insurance and pet life insurance. This will help you handle any unexpected costs if your monkey were to come down with any serious or human threatening disease as well as make it possible for you to be reimbursed for the loss of your beloved working animal. The income that can receive with a monkey is really very large so insuring that you can keep the monkey gravy train going is very, very important.

Action Points:
Buy a monkey once I have a place to keep one and sufficient funds to care for it.

Useful Monkey Links:
The Perils of Keeping Monkeys as Pets
MONKEY VS. SEA MONKEY: WHICH IS RIGHT FOR YOU?

26 comments:

Dawn said...

When I was a kid back in the 1960's my dad won a monkey in a poker game at his work. Cute as a button, but it was a little terror - pooped everywhere.

Anonymous said...

I guess one of those great big Orangatang thingies is out of the question, then, price-wise. You wanna talk about cool?-- this is like, a six foot monkey. Your kids would be living legends on the playground if you owned something like that. Just something to think about.
--Wayno

Steward said...

@ dawn - that is awesome! Where did your dad work that someone would have a spare monkey to burn at a poker game?

@ Wayno - I've thought about getting a larger primate, such as a chimpanzee or an orangatang, but I think I would be really scared that one day they would get mad at me and rip my arms out of my sockets and beat me to death with them. That is definitely a way I do not want to go.

Dawn said...

Steward - this was back in John Deere Tractor Works heyday and it was an after hours - drink some toddy's & play some cards time. Like I said, I was probably 5 or 6 yrs old at the time - so my memory is kind of fuzzy. But, it was fun for awhile, that's for sure!

Funny about Money said...

This is humor, right? Sher hope so.

Just last week a little boy here was bitten to the bone and seriously injured by his family's "pet" lemur.

Monkeys are not pets. They are not domesticated animals. They belong in the wild, in tribes of their own kind, not in some human's house. It's cruel to catch them and lock them up...and they're capable of giving you your comuppance!

Anonymous said...

Get your facts right - monkeys live in troops.. Not tribes.. pssh..

Peter Ripley said...

uh, you seem to be saying that the monkey has almost 10x you wage earning power.

Anonymous said...

Lets assume that my monkey isn't smart enough to be a public spectacle until he is 5 years old and I put him out to stud for the last two years of his life.

actually, monkeys are really only good as entertainers until theyre about 5, which is when they reach puberty and get aggressive. there's a really interesting radio spot about monkey retirement homes over at www.thisamericanlife.org (last segment of this weeks show.) putting the monkey up in a home will probably significantly change your calculations

Anonymous said...

There has got to be a way to train a monkey to use a toilet. Right? I mean, we can teach cats to use toilets. I dunno maybe monkeys just refuse to use toilets purely out of spite,... :/

Anonymous said...

Get a gorilla, teach it sign language, and then you can simply reason with it if it gets aggressive.

moneychallenge said...

Cool beans Steward! You're on Consumerist!

Anonymous said...

One financial consideration you left out was the money you would spend on air freshener. Monkeys smell...a LOT.

Josh said...

How did the pun "monkey business" escape use during the writing of this entry?!?

Also, classic:

http://www.vidstogo.com/player.php?vfname=bathroommonkey&ext=wmv

Good post.

Steward said...

@ josh - that video is hilarious, i especially liked the writing on the wall

@ moneychallenge - I know ... it is kind of strange to see stuff that I have written seen by a lot of people, it makes me ... hesitant

@ anonymoi - thanks for the info and ideas, I'll be sure to think about what you have said and make the necessary adjustments to my calculations ... and I think gorillas are out of the picture, I am not that quick with my sign language and don't to get killed while trying to sign that I will give him a cookie later if he calms down

Ryan Richardson said...

Dear sir,
You are my hero.

Kristin said...

Steward,

Can't wait to find out if your estimates are correct once you actually buy a monkey.

Here's a recent blog item about Whiplash and more video of him performing.

p said...

Anonymous said: actually, monkeys are really only good as entertainers until theyre about 5, which is when they reach puberty and get aggressive. there's a really interesting radio spot about monkey retirement homes over at www.thisamericanlife.org (last segment of this weeks show.) putting the monkey up in a home will probably significantly change your calculations

Those are CHIMPS they're talking about on TAL, not monkeys. Jesus, take a basic primatology class so you don't sound like an idiot.

emilyg said...

Oh my goodness - that was a great post. I laughed out loud at the buy a primate web site. It looks very questionable...did you see that they are selling bear cubs and tigers??? As kids, my brother and I were dying for a pet monkey, but after reading this blog post, I am NEVER getting one! Plus, I think a wild animal deserves to live in the wild. They have no business being cooped up in a cage in someone's home. Dogs and small cats are domesticated...monkeys are not.

Pet Urns said...

I have three kids and they are not that expensive. I will have to pass on the monkey, and look for a cheaper pet like a pig or something. My kids will just have to deal!

Anonymous said...

Anonymous Anonymous said...

Get a gorilla, teach it sign language, and then you can simply reason with it if it gets aggressive.

Classic !!! Thanks :-)

Eileen said...

Anyone care to here from a real monkey owner... I am owned by my two squirrel monkeys. Both born in sunny South FL.

The most trainable monkeys are capuchins. They weigh in at max 15lbs for a male, with most females weighing in at 5lbs. They run about $6,500-8,500 depending on sex, and species for babies. In the US, they MUST be purchased from a USDA licensed breeder IN the US. Import is illegal, as well as capturing wild populations. Some states, and localities also have bans. Oh and capuchins can live up to 50 years in captivity. The smaller species such as squirrel monkeys and marmoset will live from 15-25 years. Most people I know have lost theirs 19.

As for the costs...
Monkey chow is $30 every 3-5 months for 25lb bag.
Fruits and Veggies $15 a week
Caging is very important- Making a cage of suitable size (for a capuchin at the very least 12ftx12ftx12ft to give it room to exercise), and also an indoor cage or heater if living colder climates- can run you anywhere from $1,000 to over $5,000 if converting an indoor room to a monkey proof playground.

Vets run about $150-$350 and you go once a year or year and a half depending on vaccination schedule.

Toys and Enrichment- I would say about $500-1,000 a year on new toys. You could get a lot of cheap toddler toys at thrift shops. Also ordering primate enrichment devices online are good, but those usually run anywhere form $10- over 50 for a foraging board.

Oh and you forgot the cost of diapers. About $30 a month.

Cleaning at food prep are about 30 minutes every morning and 10-15 minutes afternoon and night. They are fed 2-3 times a day. Plus time spent- at LEAST 1 hour of one on one family time a day- when adults if they have a mate. If not they need you 24/7 all their life. they are social creatures and need constant company. Babies must be with you 24/7 And then 1 hour a week of heavy duty cage cleaning and scrubbing...This means you should invest in a met for you monkey.

So per year per animal you are looking at roughly although fruits, chow, & toys will stay pretty much the same with 2 animals:
Monkey Chow- $120-$150
Fruits/Veg- $780
Vet- $350
Toys- $500-$1,000
Diapers- $360
TOTAL- $2110-$2640

Initial Year would actually be $6,500 + $2,500 for a nice cage if built yourself (home Depot Materials)+ $2,110-2640= $11,110-11,640. Considering the average lifespan of a capuchin in captivity is 45 years that would be $130,440 over its life time. I use the high ball number because you must take into account cage repairs and upgrades over the 45 years.

Permits, USDA license for exhibiting, liability insurance, and other misc costs are extra.

Courtesy of www.petmonkeyinfo.com :)

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