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How To Retire Without Money
By Bob Belmont
CHAPTER 4
RETIRING ON A SMALL INCOME
Page 3 of 5
There is no
doubt whatsoever that if you have a sufficient initial amount
of money to buy a car (it need not be new) and a trailer (it
need be neither new nor large) and an income of approximately
one thousand dollars a month, you can retire and see America,
Canada and Mexico. Leisurely, thoroughly, happily. There is
just no doubt at all. Tens of thousands of other Americans are
doing it. You can do it too.
In Miami, to
choose only one example among many, there are , thousands of
persons who have chosen boats on which to retire, rather than
trailers. Hundreds of these boats are docked along the Miami
river and in bays and inlets in the vicinity. They range in
size from thirty-five feet upward and every type of small
craft ever heard of is represented. There are sailboats and
motor cruisers, houseboats and yachts.
How much does such a boat cost? You will be hard pressed,
perhaps, to believe this, but they run as little as a thousand
dollars apiece for boats large enough for a couple to live
upon. In fact, the last time I was in Miami I considered
buying a several roomed houseboat which was priced at exactly
$5,500. I decided against it because it wasn't as mobile as I
wanted.
The reason
that there are so many craft in the Miami area, so low priced,
is due to the nature of our so-called upper class Americans.
The usual person who can afford to buy a boat and operate it
as a hobby, wouldn't be seen dead in a model that was several
years old. Like their automobiles, they must show themselves
off in the very latest. In short, depreciation is very rapid.
A person,
couple, or small family, then, can buy these used boats at a
comparative pittance. By living upon it full time, rent is
saved and many of the playboy-type costs of boating are
eliminated. You must pay dockage fees which will run you
possibly $200 a month, and if you are on a budget, can't take
your craft out on fishing trips or cruises as often as you
might like. But even on a tight budget, life on a boat can be
pleasant indeed.
Fish becomes
a major item in your diet, and, particularly in Southern
waters such as Miami, you will find fruits and vegetables in
remarkable abundance at low price. If you have never been
aboard the type craft of which I speak, I can only tell you
that quarters are surprisingly ample, less constricted than a
trailer, and the appointments and conveniences of the very
best. Only remember that this boat which you have purchased at
such a small amount was once a wealthy man's plaything.
But if
neither trailer life nor life on the water appeals to you, you
might consider one of the cheaper areas of our country in
which to retire in a house. It is almost unbelievable, once
again, the prices at which you can purchase a small house, or
a small farm, here in America.
>>> CHAPTER 4
RETIRING ON A SMALL INCOME Page 4
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