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From: Gary Mertl (no email)
Date: Tue Dec 14 2004 - 10:49:01 EST
Mike,
Well said, and I agree.
Gary
----- Original Message -----
From: "mgd9121961" <>
To: <>
Sent: Monday, December 13, 2004 6:23 PM
Subject: [world-cruising] Re: Declining value of the USD & effects on
cruising?
>
>
> MY GOD........How do you get up in the morning?
>
> I dont want this to sound like some kind of attack but i think if I
> plan every buck I might or might not have for the next 25 years I
> just might never sell up and shove off. Hell, I might never leave the
> house again.
>
> The cruising lifestyle is about taking a risk or two and building
> some memories along the way and those memories dont have to cost alot
> of cash. If you have any sure income at all you are well ahead of
> most of the cruising folks that Ive been in contact with. Most have a
> little income from a rental property or two, maybe a 401K if they are
> lucky.
>
> buy a boat, sell the house, junk the car, kiss the kids and SAIL. If
> its so damn bad, wind is free, just sail on back home, resume your
> life and keep worrying about all the stuff you have no control over
> anyway.
>
> As for me, one more Kid to graduate and Im outta here no matter what
> the dollar is doing in its 20 year cycle, because thats just what it
> is, a cycle and nothing more.
>
> Mike D.
>
> --- In , lynn stone <lynnstone1 at y dot dot dot >
> wrote:
> > Dwight,
> >
> > Until we are both able to reach that magic age of
> > about 66 or 67 or so when we can both retire and
> > receive social security (it's no longer 65 for full
> > benefits you know), we will have varying amounts of
> > money. If we were starting cruising now we would have
> > less than 1500 per month to work with for
> > _everything_. Not a lot when you consider the cost of
> > insurance, etc. In a couple more years it could be
> > more and that would increase until we get to about
> > 3,000 or so in about 10 years and level off.
> >
> > Sounds like a lot I know until you get to the part
> > about devaluation. $3kUSD in say 10 years will be
> > what? It's _now_ only 1500 Pounds. In 10 years will
> > that be 1000 Pounds or less? Same thing could be said
> > for the Euro.
> >
> > What about the other countries. There is now a move
> > afoot to organize the South American countries in the
> > same direction as Europe. I presume that will also
> > mean a standard currency for South America. Will that
> > include Central America and Mexico? How will that
> > currency stand up to the devalued USD? Who knows.
> > Someone else said something about having a wheelbarrow
> > full of cash, having a wheelbarrow full of cash looks
> > great but what will it buy?
> >
> > We also want to move around and experience other
> > cultures in the world and not just exist on a small
> > boat anchored in a third world country hoping that we
> > will be able to make next month's bills and our
> > medications actually arrive on time and are not stolen
> > enroute or that we run out of USDs to buy them at all.
> >
> > Worry? Yes, we worry. But, we also know that proper
> > planning can cut the worry way down and we can relax.
> > How much do _you_ need every month vs how much do you
> > have to do with every month? What are _you_ doing to
> > plan for the further degradation in the USD's buying
> > power as it applies to you and your family's future
> > apart from taking a long walk off a short boat when
> > you feel the time is right? Life insurance? Will it
> > pay if you take that walk? Are you converting all your
> > USDs to Euros monthly and then reconverting as you
> > need it in hopes that you will receive back more USDs
> > than you gave them before when you originally
> > converted from USDs? What is the _plan_ that you are
> > following for the future or the plan that you are
> > using to cruise now? Are you giving up going to
> > Britian or Europe because the Pound will be $3 USD or
> > the Euro will be $2 USD and maybe the Peso or other
> > South American currency will be 1 to 1 with the USD or
> > worse?
> >
> > Maybe we can do well right now in Mexico, the
> > Carribean, and a few other places but it will be a
> > couple years before we can go. What then? In 10 years
> > will it still be so good? What about 20? Will our
> > perhaps $3k USD monthly retirement be enough then?
> > Will it only be worth 500 somethings or other when we
> > need a minimum of 1000? We want to plan now based on
> > what others are doing and thinking so that when the
> > time comes, we won't need to take a short walk if a
> > problem comes about but will be prepared for most any
> > reasonable problems that might arise. True, we can't
> > plan for everything but we can for most things in
> > general. How are you taking care of that? We've got a
> > couple years to plan and prepare.
> >
> >
> > --- Dwight Yachuk <dwight dot yachuk at p dot dot dot > wrote:
> >
> > >
> > > I guess in order to answer your questions I need to
> > > ask you how much money you have Lynn.
> > >
> > > You should be able to live comfortably in the
> > > caribbean for under $1K/month. This summer I was in
> > > the Azores. The cost of living was about the same
> > > as in the US. Spain and Portugal are relatively
> > > cheap. The Scandinavian countries are expensive but
> > > they always have been.
> > >
> > > You can live in Mexico and get excellent medical
> > > coverage for a fraction of the US cost.
> > >
> > > The best thing to do is to decide where you want to
> > > live and where you want to travel and then research
> > > the costs of doing so. All I'm hearing from you is
> > > a lot of worrying. don't worry, you won't starve.
> > >
> > > When I get too old for anything else I'll walk off
> > > the back of the boat one night at sea. The cost of
> > > an ocean burial will be nothing.
> > >
> > > dwight
> > >
> > >
> >
> >
> > =====
> > Lynn
> >
> >
> >
> > __________________________________
> > Do you Yahoo!?
> > The all-new My Yahoo! - Get yours free!
> > http://my.yahoo.com
>
>
>
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>
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>
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