Money - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > Out There > Cruising & Liveaboard Forum
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 05-13-2003
Member
 
Join Date: May 2003
Posts: 77
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 12
Jeffamc is on a distinguished road
Money

I read many articles on this site about the cost of crusing and I was just wondering like if you wanted to spend your life sailing what are some ways that you can make money to use to make repairs, buy food, ect?
Reply With Quote Share with Facebook
  #2  
Old 05-18-2003
Senior Member
 
Join Date: Dec 2002
Posts: 552
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 12
GordMay is on a distinguished road
Money

Check out:
http://cruisersforum.com
under "Making a living".
Regards & good luck,
Gord
Reply With Quote Share with Facebook
  #3  
Old 02-25-2009
Senior Member
 
Join Date: Feb 2009
Posts: 168
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
southernwind is on a distinguished road
Send a message via Yahoo to southernwind
its not as much as they want you to think. If you stay out of the marinas and stick more to the boat you can do it on much less. Dont forget the need to have a "kitty" for repairs and such for back-up. I have known people that have went cruising on as little as 10 grand a year, but if you want to go "paint the town" at every stop then it will take more of course.
__________________
A long time ago, my mother said something about not being able to sleep at night worrying about me. I told her, "Don't be foolish, I don't skydive at night."


"You gain strength, courage and confidence by every experience in which you really stop to look fear in the face...You must do the thing you think you cannot do."
Eleanor Roosevelt
Reply With Quote Share with Facebook
  #4  
Old 02-25-2009
vega1860's Avatar
Swab
 
Join Date: Dec 2006
Location: At Sea
Posts: 722
Thanks: 0
Thanked 18 Times in 16 Posts
Rep Power: 8
vega1860 is on a distinguished road
Annie Hill - "Voyaging on a Small Income"

The short version:
  • work
  • save
  • invest
  • cruise frugally
  • work as needed to keep the kitty topped off

Read the book
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #5  
Old 02-25-2009
Senior Member
 
Join Date: Jun 2008
Location: Manitoulin Island Ontario
Posts: 116
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 7
Keldee is on a distinguished road
The question how much do you need to go cruising is exactly the same as how much do you need to retire.It all depends on what is important to you and as southernwind says stay out of marinas (in one 365 day period we spent only 8 nights in a marina)w
When you entertain ask people for a cup of tea or coffee instead of drinks.
If your systems are simple they wont cost so much to replace or repair as if it can go wrong it will go wrong.Cut down on the monthly payments phones are just a burdon and expense.Tell the family you will call them from a public phone once a week or write letters. Remember that lost art?
The list could go on but you get the idea it will cost as much as you have and are willing to spend.
Reply With Quote Share with Facebook
  #6  
Old 02-26-2009
Senior Member
 
Join Date: Jun 2006
Posts: 4,998
Thanks: 5
Thanked 18 Times in 18 Posts
Rep Power: 11
wind_magic has a spectacular aura about wind_magic has a spectacular aura about wind_magic has a spectacular aura about
Jeffamc,

With an interest rate of 5%, your financial independence will cost the sum of all of your recurring costs multiplied by a factor of 20. Do you want to drink a coke every day ? That's about 0.50$us/can multiplied by 365 multiplied again by 20, for a total of 3650$us. Save 3650$us and put it in something that pays 5% (bank CD, corporate bond, etc ..) and you can drink a coke every day for the rest of your life without ever having to work to pay for it. You can just sit out on the beach somewhere and drink your coke.

Want to stay in a marina one day a week at 50$us/night ? That's 50$us multiplied by 52 multiplied by 20, or 52k$us that you have to save in order to pay for that one night a week for the rest of your life without having to ever work again.

Thinking like that really puts that 40$us/month cell phone bill into perspective, that's 40$us times 12 times 20, or 9600$us to have cellular service for the rest of your life.

There are people who live in poor countries who cook their own food, etc, take a machete out into the field every day and work hard, and who live on a few hundred $us/year. They have trouble understanding why anyone in the United States isn't financially independent, because the 20k$us one of us might spend on a new car would be enough to keep an entire family at their present living standard for the rest of their life without any of them ever having to work again. 20k$us times 0.05 divided by 365 equals 2.74$us/day. If you can manage to live on 2.74$us/day all it takes is 20k$us to never have to work again, can you find a way to live on 2.74$us/day ? Much of the world lives on less than that.

I second Vega1860's recommendation, Annie Hill's book is very instructive.

What's your freedom worth to you ?
__________________
What are you pretending not to know ?

Please support my
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #7  
Old 02-26-2009
JohnRPollard's Avatar
Moderator
 
Join Date: Mar 2007
Location: Chesapeake
Posts: 5,680
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 10
JohnRPollard is a jewel in the rough JohnRPollard is a jewel in the rough JohnRPollard is a jewel in the rough
Windy,

I was going to point out that Jeff hasn't been heard from for a few years, but your post is so intriguing I've decided not to.

That's a very interesting way to look at it. Turns out, coca-cola is a pretty expensive habit. I'll bet there are a lot of folks that don't even want to know what one mocha latte a day at Starbucks really "costs" them!
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Pacific Seacraft Crealock 31 #62

NEVER CALLS CRUISINGDAD BACK....CAN"T TAKE THE ACCENT
Reply With Quote Share with Facebook
  #8  
Old 02-26-2009
Senior Member
 
Join Date: Jun 2006
Posts: 4,998
Thanks: 5
Thanked 18 Times in 18 Posts
Rep Power: 11
wind_magic has a spectacular aura about wind_magic has a spectacular aura about wind_magic has a spectacular aura about
Beach Bum Budget ..

Recurring costs
Big beach umbrella - 70$us/year
Flip flops - 10$us/year
Bottle openers - 10$us/year
Canned baked beans - 1$us/day, 365$us/year
Coke - 2$us/day, 730$us/year
Hammock - 100$us/year
Clothing (optional) - 200$us/year
Misc (optional) - 400$us/year
Cardboard box - Free
Total, 1885$us/year, multiplied by 20 equals 37700$us.

I think that's a good starting place.
__________________
What are you pretending not to know ?

Please support my
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #9  
Old 02-26-2009
chuckg5's Avatar
Senior Member
 
Join Date: Jun 2006
Posts: 174
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
chuckg5 is on a distinguished road
I read a lot about cruising 'doesn't have tobe exspensive'. but in cruising all those miles, I would think you'd be checking into a lot of different countries and they're fees alone would choke a horse. What's European countries charge, Phillipeans, ect - I know the Bahamas is 300 a year and Panama- forget it!
chuck
Reply With Quote Share with Facebook
  #10  
Old 02-26-2009
Joesaila's Avatar
1977 Morgan OI 30
 
Join Date: May 2007
Location: Massachusetts
Posts: 438
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
Joesaila is on a distinguished road
beans, spam, oatmeal, oreos & pasta

One book I read suggests shopping at places that sell bulk cheaply. You can do that and still splurge. I think if the boats paid for and the mortgage on the home is being paid [sell it!] You can have a great life. My wife hyperventillates when I start talking about this but its important to have, develope and execute a plan...
__________________
My formula for living is quite simple. I get up in the morning and I go to bed at night. In between, I occupy myself as best I can.
Cary Grant
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
How much money? Cheetie Boat Review and Purchase Forum 9 02-25-2009 02:28 PM
Cali to Hawaii for money cosmictrav Living Aboard 0 08-08-2004 08:07 AM
How''s this boat sound for the money??? RjAndJessica Boat Review and Purchase Forum 7 07-18-2002 02:45 PM
Money??? Also recipe book Amena Cruising & Liveaboard Forum 2 01-24-2002 03:27 AM
Money Money seti668 Boat Review and Purchase Forum 2 09-12-2001 09:53 AM


All times are GMT -4. The time now is 10:41 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.