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Old 16-01-2008, 02:23   #1
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The £200 Millionaire

for those folowing a dream hear is a nice little story of insperation.
did a serch and cant find it posted hear befor so sorry if im repeting.


The £200 Millionaire
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Old 16-01-2008, 03:18   #2
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this story was a great insperation to us.
we sold our house and have been living onboard for two years making the boat ours.
we will be able to start crusing 3 months a year and still save mony for a larger crusing fund by working the rest of the year.
as with the old sailor in the story we have found now with all we want instaled onboard and no space to buy anything els this simple lifestile means we save mutch more living onboard than we did in our house.
so when we set out this summer we will be exploring the east cost and rivers that lead into the Thems estuary, jest as the old sailor did when he started.
who knows were it will take us!
perhaps yould like to use this thred to share stories and tails that have made you want to follow the liveabord dream.
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Old 16-01-2008, 05:25   #3
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...has been posted, but is well worth posting again, and again. The principle is simple. Give your dreams a reasonable chance. Enjoy life and every day that you have. A lot of lifes complications and chattels are not as important as you think... : )
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Old 16-01-2008, 08:06   #4
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Great story. Even the second time around LOL. Good on you. Welcome aboard and keep up the dream.
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Old 16-01-2008, 08:49   #5
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A fantastic, inspiring story. The title is fitting. I thought the story would involve some money making scheme, but it is indeed how to live simply yet feel like a millionaire and live a very "rich" and full life. I find it relevant how the old man used sailing as a way to feel young again, and find happiness after his shore life was full of tragedy and loss. His way is the way I think most of us want to go....
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Old 16-01-2008, 14:23   #6
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That is a great story which proves exactly what I stated in another thread. That people can survive "well" under very basic conditions. Most of the times, I see people that own homes needing to fill up the empty spaces and usually have to move out to a larger home because they ran out of room.

With a boat, the space is definitely finite and luckily, most of the furniture is built in so you really don't need much to fill it up. So it actually forces you to keep it simple and minimal. That is one of the main reasons that turns me on about boats. And if you can generate your own water and power, even better!!
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Old 16-01-2008, 15:28   #7
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Since the story was written in 1932 I wonder what the comparable amount is now. I was guessing a $2 / british pound and then used an inflation calculator - came out to approx $5,500 dollars. But I couldn't find the actual rate of exchange for '32. If someone has a source it would be interesting.

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Old 16-01-2008, 16:43   #8
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the pound was probably worth at least $3 and maybe as much as $5. The pound was in the mid $2's in the 1950's IIRC.
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Old 16-01-2008, 16:54   #9
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Yeah, but back then the US was on the gold standard. The Brits left the standard first and the US last. So they may have been closer than. Still can't find any reference to compare them. If what you say is correct he cruised on either $7,500 or $12,000 approx. I think still doable but maybe not as easily as our gentleman in '32. And of course it depends on how simple in todays standards one is willing to travel.
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Old 16-01-2008, 17:11   #10
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1 GBP in the 1930's was a significant amount of money.
Average House Price 590
Price of bread was between 1 and 2 pence,
Mile between 1 and 2 pence

Remember it was in the Great Depression

In the USA 1930 $1 was also quite a lot!
Cost of Living 1930

How Much things cost in 1930
The Yearly Inflation Percentage USA ? UK - 2.8%
Average Cost of new house $7,145.00
Average wages per year $1,970.00
Cost of a gallon of Gas 10 cents
Average Cost for house rent $15.00 per month
A loaf of Bread 9 cents
A LB of Hamburger Meat 13 cents
Magic Chef Gas Cooker $195.00
Pontiac Big Six Car $745.00


* from the website Popular Culture, Events, Prices and Technology from 1930
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Old 16-01-2008, 17:40   #11
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Wonderful story which I hadn't read. the exchange rate USD-GBP in 1932 was $3.51. Since then inflation in USD terms has averaged 3.2% per annum therefore todays value as a simple calculation would be circa $3146USD. However that doesn't relate to modern day prices.

If you visit Measuring Worth - Relative Value of US Dollars you can compare against various maxtrixes which would bring a comparison to between 10k and 45k depending on the statistic used.

Notwithstanding that an inspiring read.

Regards

Alan
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Old 17-01-2008, 00:50   #12
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as a doctor he would have been on a white coller wage and his pension would have been the intrest from his capitol 4000 i think. A middle class person !
its interesting to see how quickly the thred got turned to money.
so for my part, in todays money i think you need £250/$500 per week to live the avrage crusing life on the avrage boat in the avrage country.
but what i was hopeing for from you money driven drop outs was any other insperational stories there might be out there
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Old 17-01-2008, 10:06   #13
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It's a wonderful and moving story. First time for me I saw it. Thanks for sharing it Philip
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Old 17-01-2008, 10:40   #14
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The $3146 should be multiplied by 3.2. Therefore just on an inflation adjusted basis it would be Circa $10,000 and change. Sorry for any confusion caused. As a lapsed economist I would say that a realsitic comparison to his way of life would be around $30-35kusd today.

Does anyone know whether this is a factual story or fiction or faction. It doesn't diminish my pleasure in reading it but I am curious.

Alan
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Old 18-01-2008, 21:18   #15
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Thank you very much for the great read, Phillip.
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