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  #11  
Old 02-10-2008
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Sasha_V will become famous soon enough
The world is a dangerous place. There are no gaurantees.
but think about it, what that means is that you are not gauranteed a quick death and leaving behind a beautiful corpse either....you may be stuck here till your in your 90's....That's the thing with no gaurantees, it really can go any which way at all.

So the safe money is not on instant gratification.
And it is not on delayed gratification.

THE SMART MONEY IS ON SUSTAINED (and sustainable) GRATIFICATION!

You do not postpone living the life you hope for, and you do not blow it all right now. You find or make the balance that lets you have prolongued and progressive joy in your life. Enjoy right now, but make sure there is just a little bit more in the way of resources tomorrow then there was today. This balance brings a very real joy and sense of fulfilement in it own right.

You might die and not get to spend your very last penny yourself...Find something that it is worth leaving as a legacy, if not family then a foundation or whatever, that you truly believe in. That's it, problem solved. Your last act need no longer be dying in a hotel room after consuming seventy five cheeseburgers off the thighs of a romanian hooker and choking on what can be hoped was merely your own vomit. By definition, your last act becomes giving a gift to something that you belive in. Environment, education, poverty in africa, saving the egos of McGregor26 owners...whatever floats your boat. There, now you do not have to worry about it. And need not be in any great rush to spend it before your own personal doomsday.

Find a balance, get off the splurge and purge roller-coaster and start building so that you are putting one success atop another and another to create a fitting monument to the totaly uncertain number of years you have.
Simple as that.


And stay away from the romanian hookers. In fact any women from the former soviet bloc...they seem to have a finaly tuned radar for detecting a newly aquired inheritence.


Sasha
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  #12  
Old 02-10-2008
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McGregor26 owners egos. You're funny.

CatalinaFan
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Whoso would be a man must be a nonconformist.
He who would gather immortal palms must not be
hindered by the name of goodness, but must explore
if it be goodness.

Ralph Waldo Emerson
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  #13  
Old 02-10-2008
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180k in a decent annuity gets you about 2k a month for the rest of your natural life (depending on your current age).

That's enough to live on, but not enough to buy a decent boat and live on.

There are options - there are always options.

You can put yourself into a Catalina 30 for 20k, outfit it for another 20k and live the Bahama's until the boat needs a major refit, living on 20k a year or so, working where you can to augment your cash on hand - keeping a 20k reserve to come back to land eventually, or for major 'damn it' repairs.

You can put 100k into a boat, do the bahama's and carib for 4-5 years, come back and sell the boat to make a nest egg to hold you until you get going on land again.

You can just shove it all away in a good investment and know that in about 10 years it should double. Get a job, do the rat race - spend 4-5k on a boat and really learn sailing. Maybe find a partner with the dream and build a nest egg on the side.
Then when you have enough cash in and go. (my choice).
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  #14  
Old 02-10-2008
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Sasha, those two posts ( 2 & 11 ) were great
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1978 Tayana 37

Freedom comes when youíre ready to sail away. True freedom comes when you donít have to return


Cut off from the land that bore us, betrayed by the land we find, where the brightest have gone before us and the dullest remain behind, .......but stand to your glasses, steady,.......tis all we have left to prize, raise a cup to the dead already, hurrah for the next that dies
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  #15  
Old 02-10-2008
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Quote:
Originally Posted by CatalinaFan View Post
McGregor26 owners egos. You're funny.

CatalinaFan

Yeah.
But this is really wise advise you got there (Nothing to add to Sasha's posts). Just take advantage you got it on time!
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  #16  
Old 02-10-2008
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Well said Sasha V !
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  #17  
Old 02-10-2008
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Quote:
Originally Posted by chucklesR View Post
180k in a decent annuity gets you about 2k a month for the rest of your natural life (depending on your current age).
Chuck
getting 24,000/year out of $180,000 means it has to earn 12%. Where do I get that kind of return guaranteed?
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  #18  
Old 02-11-2008
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Cataliniafan

Don't beat your self up to badly ...we have all made mistakes and we all still will..the Keys to success is to not, make the same one twice and to never give up.

I have lost way more money then you first started with a couple times in different ways. It hurts for a while but you have to keep going ...I was raised into a low income family so was not given anything but a good work ethic and good self esteem. I will never be rich but am at 50 finally realizing a few of my lifelong dreams despite all my mistakes.

I like Chucks last suggestion of postponing the big dream for 10 years , invest in a good mutual fund ( you can find 8 to 10 % ), nuckel down to the rat race continue to live frugaly (Be carful and wise in the mate category if so inclined) Keep a small boat and learn it better then well. Then you will come to know when the time is right for the jump.

God Bless and Good Luck.
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  #19  
Old 02-11-2008
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Quote:
Originally Posted by xort View Post
Chuck
getting 24,000/year out of $180,000 means it has to earn 12%. Where do I get that kind of return guaranteed?
xort, responded via pm on this one
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  #20  
Old 02-12-2008
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Can you send me the same info, please, Mr Chuckles...

Just curious what notions you are juggling...And if they can have an application on this side of the pond.
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