Join Date: Mar 2006
Location: Fort Lauderdale
Thanked 21 Times in 21 Posts
Rep Power: 10
Re: share with me, your words of wisdom
Maybe, .....maybe not. While the typical shore side route is heavily mortgaged and deep into credit card debt, someone can choose the simple liveaboard life and advance in their assets while debt free without a huge income. I've lived aboard for forty years and my largest monthly bill is a $50/month cell phone which I'm about to drop down to $25. Being out of debt with a modest income offers great freedom and joy!
One can live just as cheaply and without entanglements on shore as they can on the water. After this real estate bust, there are plenty of homes, condos, rvs, and trailers that are going well below the price of a boat in good condition.