Voyaging on $500 per month - Page 219 - SailNet Community

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  #2181  
Old 08-03-2014
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A melon with a dream...
 
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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.
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  #2182  
Old 08-03-2014
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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.
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  #2183  
Old 08-03-2014
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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
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  #2184  
Old 08-10-2014
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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
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  #2185  
Old 08-13-2014
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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?
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  #2186  
Old 08-13-2014
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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.
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  #2187  
Old 08-13-2014
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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.
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  #2188  
Old 08-13-2014
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Re: Voyaging on $500 per month

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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.
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  #2189  
Old 08-13-2014
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Re: Voyaging on $500 per month

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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
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  #2190  
Old 08-13-2014
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Re: Voyaging on $500 per month

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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.
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