Voyaging on $500 per month - Page 219 - SailNet Community
 2298Likes
 
LinkBack Thread Tools
post #2181 of 2782 Old 08-03-2014
A melon with a dream...
 
mrhoneydew's Avatar
 
Join Date: May 2008
Location: Seattle, WA
Posts: 206
Thanks: 6
Thanked 6 Times in 6 Posts
Rep Power: 8
 
Re: Voyaging on $500 per month

Thanks for the update MikeO! You're oooooouuuuuuttttt tttttthhhhhheeeeerrrrreeee!!!!!! Woohoo! Congrats!

Yeah, I'm in a similar boat to Group9. Too much stuff to do to be able to cut the lines just yet so I'm shooting for May also. My current boat simply isn't going to work so I am looking to trade up in the next couple of months and then take the winter to do whatever I need to do to that boat. I guess at 41 I'm a "spring chicken" by some standards, but my right shoulder might beg to differ... and it has recruited my right knee and cervical and lumbar spines in a slow plot against me. So I can't get out here soon enough. I think just getting away from this uncivilized civilization I find myself mired in should be good for taking off 5 - 10 years.

I hope.
MikeOReilly and Group9 like this.
mrhoneydew is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2182 of 2782 Old 08-03-2014
Wingnut
 
Join Date: Apr 2014
Location: Quadra Island
Posts: 70
Thanks: 1
Thanked 5 Times in 5 Posts
Rep Power: 2
 
Re: Voyaging on $500 per month

That's in fact, what it's all about for me.
Escape from an insane civilization and its death urge.
MikeOReilly and Group9 like this.
Dirtyfloats is offline  
Quote Quick Reply Share with Facebook
post #2183 of 2782 Old 08-03-2014
sunfish?junior?
 
Join Date: Mar 2012
Location: Richmond ky
Posts: 748
Thanks: 47
Thanked 11 Times in 11 Posts
Rep Power: 4
 
Re: Voyaging on $500 per month

Just checking in. Hope you all are doing great ! I have been working my job also playing with the family and boat and have little time for anything else until winter. I think I have busted over $500 but it has been a great summer so far with more to come.
Kind Regards , Lou
Lou452 is offline  
Quote Quick Reply Share with Facebook
post #2184 of 2782 Old 08-10-2014
Junior Member
 
Join Date: Aug 2014
Posts: 17
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 0
 
Re: Voyaging on $500 per month

I've done three cruises so far; each with NO intent of returning...

So obviously I failed the "Not Returning thing" (met a girl, drank the Koolaide, lost half my money, back to work, yadayadayada-common story)

I bought a solid, low dollar Cruiser with a Full Keel by the eminent Bill Garden; a Rawson 30.
Took the money i saved and invested it per Ann Hill, "Voyaging on a Small Income"

Cruise #1; 28 year old with little more than a spear-gun and a loincloth; $80/mo over 2years.

Cruise #2; 40ish with a Spectra Watermaker since going to land is expensive. However, I like to enjoy folks, which takes more cash. Note; the Marketeers insinuate themselves into nearly all social interactions. ; $265/mo over 3 years.

Cruise #3; New engine, maxd-out Solar panels, boat is fit for 45 days at Sea, no problems....met a girl, yadayada lost Principle(a Sin); 450/mo included a haulout in San Carlos. (does NOT include the $28k 'personal stupidity' losses) Really good lesson learned; "Its an Island, if you didn't bring it, it aint here!"

So I'd say its what you spend on land, minus mortgage/rent, age(comfort) and BRING your girl WITH you. (yeah, she will be more expensive than your monthlies, BTW)

Calculate YOUR Cost of a Job; Rent/car/phone (everything you're paying for that you WON'T be paying for once Cruising) Note; your 'boss' pays you with the assumption the Suburbanite lifestyle is everyone's ONLY option.

Philosophy; One needs 'push' AND 'pull' reasons to live at Sea- make a List and keep for those rough times at Sea.
What is your Freedom worth? (as a Vet, its worth my life, for a stranger's freedom. So how much more so for my own? ... lots)
Do you want to Cruise? or have a pizza delivered once a week?
Cruising means your Highs are higher and your Lows are lower, for some, they trade Predictability over Freedom; example; Track Housing.

Have your own Life Philosophy; With a sustainable philosophy, humans can happily forgo many conveniences, and even live with a bit of fear. Reference; Human History 101

The Price of Freedom, personal or national, has always been Self Sufficiency.

Cheers,
CaptnBry
CaptnBry is offline  
Quote Quick Reply Share with Facebook
post #2185 of 2782 Old 08-13-2014
Junior Member
 
Join Date: Aug 2014
Posts: 17
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 0
 
Re: Voyaging on $500 per month or $75K Price of Freedom

$500/ month is just $75K principal at a reasonable Yield of 8% per year.
Rather Do-Able, IMHO....

In the Old Days, an Indentured Servant could (in theory at least) could buy his or her "freedom".
Of course that Freedom was accompanied by just the shirt on your back and any skills you might have collected. A condition of many low-budget Cruisers, it would seem....

$500 per month to be Free (Cruising, if that's your Dream) may be looked at as "How much do I need to invest, so that I might not need to return to work (work=not being Free)?

500 * 12 months is $6000/year, invested a 8% (6000/0.08) is $75000.
Incidentally, that's about what the USA National Debt is per Citizen, The Irony of Freedom, if you will...

So if a Cruiser has a budget and plan to GO, can this "self created Trust Fund" be included too?

The topic is covered well (if dated) by Anne Hill in her worthy book, 'Voyaging on a Small Income'.
"Stock Market" Corporate Bonds, Investing in RE, ROI, Yield/Risk analysis, Income Strategies, are the modern counter parts.

I would think that those who consider safety gear to return from the Sea, would also consider a method to Stay at Sea...

Is buying One's Freedom from land-based work part of your Cruising Plan?
CaptnBry is offline  
Quote Quick Reply Share with Facebook
post #2186 of 2782 Old 08-13-2014
Senior Member
 
Join Date: Oct 2011
Location: Nanaimo B.C.
Posts: 2,448
Thanks: 3
Thanked 52 Times in 52 Posts
Rep Power: 4
 
Re: Voyaging on $500 per month

Some long time cruiser friends are on the move again after many years on the other side of the world.After years of getting by quite nicely they will be faced with the reality of 'it costs how much?' as the world they knew here has moved on too. Dropping out for a couple of years is easy ,.Having a realistic long time plan takes some planning or hind titting.
Capt Len is offline  
Quote Quick Reply Share with Facebook
post #2187 of 2782 Old 08-13-2014
Schooner Captain
 
UnionPacific's Avatar
 
Join Date: Dec 2013
Posts: 1,913
Thanks: 15
Thanked 19 Times in 19 Posts
Rep Power: 2
 
Re: Voyaging on $500 per month or $75K Price of Freedom

Quote:
Originally Posted by CaptnBry View Post
$500/ month is just $75K principal at a reasonable Yield of 8% per year.
Rather Do-Able, IMHO....

In the Old Days, an Indentured Servant could (in theory at least) could buy his or her "freedom".
Of course that Freedom was accompanied by just the shirt on your back and any skills you might have collected. A condition of many low-budget Cruisers, it would seem....

$500 per month to be Free (Cruising, if that's your Dream) may be looked at as "How much do I need to invest, so that I might not need to return to work (work=not being Free)?

500 * 12 months is $6000/year, invested a 8% (6000/0.08) is $75000.
Incidentally, that's about what the USA National Debt is per Citizen, The Irony of Freedom, if you will...

So if a Cruiser has a budget and plan to GO, can this "self created Trust Fund" be included too?

The topic is covered well (if dated) by Anne Hill in her worthy book, 'Voyaging on a Small Income'.
"Stock Market" Corporate Bonds, Investing in RE, ROI, Yield/Risk analysis, Income Strategies, are the modern counter parts.

I would think that those who consider safety gear to return from the Sea, would also consider a method to Stay at Sea...

Is buying One's Freedom from land-based work part of your Cruising Plan?
I spend a lot of time on the stock market.
there is nothing paying a solid 8%. DRI pays 4%, And I do hold that security.
To make 8% requires active investing, so now your budget would need internet as well. Thats ok if your cruising the US coast, not so in Tahiti.


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.
UnionPacific is offline  
Quote Quick Reply Share with Facebook
post #2188 of 2782 Old 08-13-2014
Senior Member
 
Join Date: Aug 2009
Posts: 375
Thanks: 0
Thanked 18 Times in 17 Posts
Rep Power: 6
 
Re: Voyaging on $500 per month

Quote:
To make 8% requires active investing
And if you have a bad month of active investing you will have nothing for your necessities unless you use your capital. Then, with less capital, you will need a greater return to achieve your $500. If anybody can get an 8% return on passive investments in this climate they are doing better then most and I would like to know their strategy.
ScottUK is offline  
Quote Quick Reply Share with Facebook
post #2189 of 2782 Old 08-13-2014
Schooner Captain
 
UnionPacific's Avatar
 
Join Date: Dec 2013
Posts: 1,913
Thanks: 15
Thanked 19 Times in 19 Posts
Rep Power: 2
 
Re: Voyaging on $500 per month

Quote:
Originally Posted by ScottUK View Post
And if you have a bad month of active investing you will have nothing for your necessities unless you use your capital. Then, with less capital, you will need a greater return to achieve your $500. If anybody can get an 8% return on passive investments in this climate they are doing better then most and I would like to know their strategy.
I made 400% on penny stocks this year But I don't invest much because of the risk :P


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.
UnionPacific is offline  
Quote Quick Reply Share with Facebook
post #2190 of 2782 Old 08-13-2014
Senior Member
 
Join Date: Aug 2009
Posts: 375
Thanks: 0
Thanked 18 Times in 17 Posts
Rep Power: 6
 
Re: Voyaging on $500 per month

Quote:
I made 400% on penny stocks this year
Good on ya! But I am wary of the casino stacked market because it is rigged. That said, I too am invested across the board.
ScottUK is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Cruising vs. Voyaging Barquito General Discussion (sailing related) 23 04-24-2014 08:18 PM
An idea for a new voyaging sailboat Irunbird General Discussion (sailing related) 12 04-24-2014 10:34 AM
Looking for dockage month to month elmo2 General Discussion (sailing related) 4 03-19-2011 05:40 PM
Paperwork Needed for Voyaging SailNet Cruising Articles 0 07-31-2002 08:00 PM
Caribbean Voyaging Overview Mark Matthews Cruising Articles 0 07-09-2002 08:00 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome