Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 17-06-2019, 11:13   #121
Registered User
 
Mike OReilly's Avatar

Join Date: Sep 2011
Location: Good question
Boat: Rafiki 37
Posts: 10,137
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by belizesailor View Post
But you have other income sources right?

The poorly thought out article just plops down $200K and nothing else.
Yes, very true. We live on a modest pension, even modester (new word?) investments, and a small bit of earned income. Ironically, we’ll actually get richer as we get older.
__________________
Why go fast, when you can go slow.
BLOG: www.helplink.com/CLAFC
Mike OReilly is online now   Reply With Quote
Old 17-06-2019, 11:13   #122
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 12,472
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by boatman61 View Post
Wealth is a state of mind, not a bank account..

There are many with little who consider themselves wealthy, and many with millions and its never enough.

Greed is what makes the difference.
There are certainly more factors than money to happiness. I know Americans pulling down large incomes who are miserable and Central Americans getting by on the equiv of a few hundred US$/month who are very happy people. The later are very connected to their family & village. The former are often disassociated from almost eveyone...even estranged from their family.

Money cant buy happiness, but it can help solve the simple problems in life.
belizesailor is online now   Reply With Quote
Old 17-06-2019, 11:14   #123
Freelance Delivery Skipper..
 
boatman61's Avatar

Community Sponsor
Cruisers Forum Supporter

Join Date: Jan 2010
Location: PORTUGAL
Posts: 25,790
Images: 2
pirate Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by nwdiver View Post
You mean the USA, Canada is different, I would add the BC Gulf Islands to the list buy a cheap mooring and travel about anchoring out for free.......it's great 8 months of the year, if you stay you have to hunker down for the other 4.....many just travel to some place warm......
To far North for my taste, hell wont even go there to visit family.. same goes for Alaska..
__________________


Born To Be Wild.. Double Click on the picture.
boatman61 is online now   Reply With Quote
Old 17-06-2019, 11:23   #124
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 12,472
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by Mike OReilly View Post
Yes, very true. We live on a modest pension, even modester (new word?) investments, and a small bit of earned income. Ironically, we’ll actually get richer as we get older.
It aint what you make, its what you spend!
belizesailor is online now   Reply With Quote
Old 17-06-2019, 11:23   #125
Registered User

Join Date: Apr 2015
Location: Michigan
Boat: mastercraft xstar 24'
Posts: 295
Re: Places Where You Can Retire on $200,000 and Feel Rich

Retirement reality is it costs whatever you have available to spend. Tricky part is timing...there is a really cool calculator tool called "Rich, Broke, or Dead" that really puts things into perspective.

You put your numbers in and it tells you the odds of success, also the odds you'll be pushing up daisies based on general actuarial tables. It is a stark reminder that when you get to about 55 you are playing on house money and better get busy enjoying life.
ol1970 is offline   Reply With Quote
Old 17-06-2019, 11:40   #126
Registered User
 
Simi 60's Avatar

Join Date: Jun 2016
Location: Australia
Boat: Milkraft 60 ex trawler
Posts: 3,159
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by Saleen411 View Post
You like Vietnam better than Australia?
.
Better than?
Not necessarily , but we seriously love Vietnamese food and spent a lot of time in australia traveling far and wide trying to find a decent restaurant whereas in vietnam, it was everywhere, on the street and cheap.
The culture, value for money, sights are a big attraction , cheap medical if needed plus being able to jump on a plane and visit Laos, Thailand, Malaysia, Indonesia in an hour or two cheaply is appealing.
I have several friends that live in Saigon, Nha trang, Hoi An, Vung Tau and Danang and they have been living there well on less money than we would have for around 20 years now.

But, we can't get the boat in so for now, its Australian waters and working towards getting into Indo/Malay/Thai waters and enjoying a far more affordable lifestyle there with occasional flights into Danang.
Quote:
As to the thread....Unfortunately, $200k won't go too far in Oz from what little i've experienced
You can survive in Australia vs actually living in South East Asia
Simi 60 is online now   Reply With Quote
Old 17-06-2019, 12:59   #127
Registered User
 
Waterdog247's Avatar

Join Date: Nov 2010
Location: Olympia, WA
Boat: 30' Silver Streak Cuddy (on the hunt for a catamaran)
Posts: 13
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by SV Windrush II View Post
Come to the Philippines, food is cheap, beautiful anchorages, hook up to a mooring for about $200 per month or less, or just hang out for free on the hook. Puerto Princesa Palawan is a great place with great food and good moorage for about $100 per month and rarely Typhoons, but some hiding holes if necessary. Don't listen to negative from people who don't live here. There are good and bad places in every country, but Filipinos are very friendly to foreigners and hospitable.



There is also a marina that will be built soon in Lobo Batangas. It will be the largest full service marina in SE Asia. American designed.


+1! I have spent a lot of time in Palawan. It is on my short list to live when i retire.
Waterdog247 is offline   Reply With Quote
Old 17-06-2019, 13:52   #128
Registered User
 
Suijin's Avatar

Join Date: Feb 2013
Location: Bumping around the Caribbean
Boat: Valiant 40
Posts: 4,627
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by stewie View Post
DR is one of the most dangerous places to drive in the world. Apart from that I would agree as No2. After retiring from yaching I have lived in Spain for many years and it has just about the right balance for the cost of food, drink, cost of living and eating out. The summer is guaranteed and a mild winter and it is not a third world country, in fact, today it is one of Europes top places to live.
I believe it is THE most dangerous place if you're riding on a motorcycle, which is the main form of transportation.

The big modern gas stations in the DR have bars inside of them that are packed on the weekends. Gives a whole new spin on the phrase "drinking and driving."

Someone mentioned that the roads are a mess. They had torrential rain a few years ago that washed out a lot of the roads. Most of them have been repaired from what I can see and what I've heard. That said, there are still a fair number of "rough patches."
__________________
"Having a yacht is reason for being more cheerful than most." -Kurt Vonnegut
Suijin is offline   Reply With Quote
Old 17-06-2019, 15:54   #129
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Jacksonville/ out cruising
Boat: Island Packet 38
Posts: 31,465
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by Mike OReilly View Post
Ironically, we’ll actually get richer as we get older.

Assuming your Retired. If the most likely outcome doesn’t have your wealth increasing, it’s likely you’ll run out of money in your old age
a64pilot is offline   Reply With Quote
Old 17-06-2019, 16:01   #130
Registered User
 
Mike OReilly's Avatar

Join Date: Sep 2011
Location: Good question
Boat: Rafiki 37
Posts: 10,137
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by a64pilot View Post
Assuming your Retired. If the most likely outcome doesn’t have your wealth increasing, it’s likely you’ll run out of money in your old age
That seems a rather binary perspective A6. I suspect there’s a lot of grey in there — just like the rest of life.
__________________
Why go fast, when you can go slow.
BLOG: www.helplink.com/CLAFC
Mike OReilly is online now   Reply With Quote
Old 17-06-2019, 16:08   #131
Registered User
 
daletournier's Avatar

Join Date: Jan 2012
Location: Australia
Boat: Catalina 470
Posts: 4,779
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by Mike OReilly View Post
That seems a rather binary perspective A6. I suspect there’s a lot of grey in there — just like the rest of life.
Massive amounts of grey. We make assumptions made on the past. Currently monetary policy is changing rapidly, tools like QE and negative interest rates that were termed "unconventional" by the likes of Benanke are now be called " conventional by "Powell". And lets not even talk about unfunded liabilities like pension funds.

Im not sure how anyone can be certain of their retirement plans turning out exactly the way they planned.

What will 200k be worth (purchasing power) in 10 years time?
daletournier is offline   Reply With Quote
Old 17-06-2019, 16:09   #132
Registered User
 
category4jay's Avatar

Join Date: Aug 2009
Location: Arizona...for now :)
Boat: 50' Cat (someday) ok maybe 45' Cat
Posts: 480
Images: 6
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by Suijin View Post
I would add The DR to that list. The travel advisories are a bit overblown. In the DR 2.7 million Americans visit as tourists each year and this year a few if them have died from apparently drinking from minibars at a couple or resorts. Not exactly a scourge of violence.


DR is getting slammed in the press right now. I think there may be something to this rash of deaths. I know it sounds impossible but wow.
__________________
Pura Vida on the Horizon
category4jay is offline   Reply With Quote
Old 17-06-2019, 17:22   #133
Registered User
 
Saleen411's Avatar

Join Date: Jan 2015
Location: Discovery Bay, CA
Posts: 1,144
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by Simi 60 View Post
Better than?
Not necessarily , but we seriously love Vietnamese food and spent a lot of time in australia traveling far and wide trying to find a decent restaurant whereas in vietnam, it was everywhere, on the street and cheap.
The culture, value for money, sights are a big attraction , cheap medical if needed plus being able to jump on a plane and visit Laos, Thailand, Malaysia, Indonesia in an hour or two cheaply is appealing.
I have several friends that live in Saigon, Nha trang, Hoi An, Vung Tau and Danang and they have been living there well on less money than we would have for around 20 years now.

But, we can't get the boat in so for now, its Australian waters and working towards getting into Indo/Malay/Thai waters and enjoying a far more affordable lifestyle there with occasional flights into Danang.

You can survive in Australia vs actually living in South East Asia
I totally agree about the food...I never had a bad meal in VN. Some of the best street food I've had anywhere and decent CHEAP beer to wash it down with.

The country is beautiful, safe and the people are generally friendly....more so in the south than the north. I've never felt unsafe in VN and have never heard of kidnapping or murder of tourists....unlike the PI. Food is way better than in the PI as well now that I think about it.

Real estate can be pricey to own but reasonable to rent. Most things are quite cheap....golf is a bit expensive but the courses I've been to are beautiful and caddies are provided.

I'm not sure a foreigner can own a car and I think motorbikes are limited to 150ccs.

In addition to the places you have been, I've been to Hanoi and Halong Bay....Halong is amazingly beautiful. Our favorite place to hang is Nha Trang, though the last time I was there a few years ago I saw A LOT of signage in Russian. Lots of bright white sunburned bods too.

Medical and dental is good, but I'm not sure a serious issue like a heart attack could be dealt with outside of HCMC and Hanoi.

All in all VN is a great place...I really enjoyed the years I spent there.

As to OZ....holy crap! Last I was there a couple of years ago we spent a bloody FORTUNE! .....glad I'm not looking to buy a home in Sydney....geez.

My best friend there is selling his 2 custom beachside homes in Coffs Harbour and relocating up to a nice high rise condo in Runaway Bay. He is REALLY encouraging me to come down and have a look. So what if I need to bring a couple of million USD with me to live as I do now.
__________________
"Man cannot discover new oceans unless he has the courage to lose sight of the shore"- Andre' Gide
Saleen411 is offline   Reply With Quote
Old 17-06-2019, 17:30   #134
Registered User

Join Date: Nov 2015
Boat: R&C Leopard 40
Posts: 549
Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by category4jay View Post
DR is getting slammed in the press right now. I think there may be something to this rash of deaths. I know it sounds impossible but wow.
Current suspect is bad liquor (bootleg/fake/etc).

A bunch of JB Parrotheads also reported sickness recently from a trip to the DR.

I hope we find out.
__________________
-Chris
FlyingScot is offline   Reply With Quote
Old 17-06-2019, 17:33   #135
Freelance Delivery Skipper..
 
boatman61's Avatar

Community Sponsor
Cruisers Forum Supporter

Join Date: Jan 2010
Location: PORTUGAL
Posts: 25,790
Images: 2
pirate Re: Places Where You Can Retire on $200,000 and Feel Rich

Quote:
Originally Posted by category4jay View Post
DR is getting slammed in the press right now. I think there may be something to this rash of deaths. I know it sounds impossible but wow.
Very likely the ice they put in their drinks.. folk are paranoid about the water ther drink but it seems ice never gets a second thought..
Main source of Bombay Belly..
__________________


Born To Be Wild.. Double Click on the picture.
boatman61 is online now   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not 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 Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Looking to Retire at 43 and Sail a Cat - What Would You Do? vegasandre Multihull Sailboats 108 14-08-2016 08:42
Feel of safety, feel of comfort DoubleWhisky Families, Kids and Pets Afloat 98 20-01-2014 14:58
Best Places to Retire Sailorman375 Liveaboard's Forum 36 02-09-2012 17:12

Advertise Here


All times are GMT -7. The time now is 16:09.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.