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16-01-2008, 01:23
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#1
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Registered User
Join Date: May 2007
Location: uk brighton
Boat: privilege 37
Posts: 181
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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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16-01-2008, 02:18
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#2
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Registered User
Join Date: May 2007
Location: uk brighton
Boat: privilege 37
Posts: 181
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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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16-01-2008, 04:25
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#3
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Registered User
Join Date: Nov 2006
Posts: 976
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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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16-01-2008, 07:06
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#4
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Registered User
Join Date: Mar 2006
Location: Nevada City. CA
Boat: Sceptre 41
Posts: 3,857
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Great story. Even the second time around LOL. Good on you. Welcome aboard and keep up the dream.
__________________
Fair Winds,
Charlie
Between us there was, as I have already said somewhere, the bond of the sea. Besides holding our hearts together through long periods of separation, it had the effect of making us tolerant of each other's yarns -- and even convictions. Heart of Darkness
Joseph Conrad
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16-01-2008, 07:49
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#5
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Registered User
Join Date: Dec 2007
Location: FLORIDA, USA
Posts: 119
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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....
__________________
LIVE, LOVE, LEARN
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16-01-2008, 13:23
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#6
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Registered User
Join Date: Aug 2007
Posts: 1,076
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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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16-01-2008, 14:28
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#7
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Registered User
Join Date: Jan 2005
Location: Fiji
Boat: Westsail - CC - 42
Posts: 339
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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.
Fair Winds
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16-01-2008, 15:43
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#8
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Moderator Emeritus
Join Date: Aug 2005
Location: Carlsbad, CA
Boat: 1976 Sabre 28-2
Posts: 7,505
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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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16-01-2008, 15:54
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#9
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Registered User
Join Date: Jan 2005
Location: Fiji
Boat: Westsail - CC - 42
Posts: 339
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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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16-01-2008, 16:11
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#10
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Long Range Cruiser
Join Date: Dec 2007
Location: Australian living on "Sea Life" currently in England.
Boat: Beneteau 393 "Sea Life"
Posts: 12,822
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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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16-01-2008, 16:40
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#11
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Registered User
Join Date: May 2007
Location: Boat in Panama
Boat: Vandestadt ketch 42
Posts: 357
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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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16-01-2008, 23:50
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#12
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Registered User
Join Date: May 2007
Location: uk brighton
Boat: privilege 37
Posts: 181
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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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17-01-2008, 09:06
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#13
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Registered User
Join Date: Sep 2007
Location: Shanghai, China
Boat: Dix 43 CC, steel, 43 ft
Posts: 149
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It's a wonderful and moving story. First time for me I saw it. Thanks for sharing it Philip
__________________
'How inappropriate to call this planet Earth when it is quite clearly Ocean.' - Sir Arthur C. Clarke
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17-01-2008, 09:40
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#14
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Registered User
Join Date: May 2007
Location: Boat in Panama
Boat: Vandestadt ketch 42
Posts: 357
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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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18-01-2008, 20:18
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#15
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Registered User
Join Date: Nov 2007
Posts: 87
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Thank you very much for the great read, Phillip.
__________________
Rez
"Have a good time, do as little damage as you can." Harold Coby
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