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Living like a king on pennies
02-09-2007, 01:15 PM
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#1
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Recycles dryer sheets
Join Date: Feb 2007
Location: Martin Alonzo
Posts: 111
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Living like a king on pennies
I retired from an automotive plant some 11 years ago and set sail for the Caribbean after living on my sailboat for 6 years. Visiting Bahamas, Cuba, Jamaica, Turks & Cacaos and the Dominican Republic. Where I finally settled. I built a 4 bedroom house and remarried. The house was built on my pension CAN 1,600 per month. I also live on the same money. On my pension I live like a king and still put money in the bank.
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Living life to the fullest
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Re: Living like a king on pennies
02-09-2007, 01:20 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Re: Living like a king on pennies
Welcome dOug. Interesting life. Tell me more about it. How long have you settled in DR? The house you built. Life there...
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Re: Living like a king on pennies
02-09-2007, 01:24 PM
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#3
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Full time employment: Posting here.
Join Date: May 2006
Posts: 696
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Re: Living like a king on pennies
good for you! send us some pictures...
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Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey
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Re: Living like a king on pennies
02-09-2007, 01:32 PM
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#4
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,837
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Re: Living like a king on pennies
Welcome to the board, d0ug. Sounds like you ER'd just fine.
After six years afloat, what made you go ashore?
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: Living like a king on pennies
02-09-2007, 01:34 PM
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#5
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 154
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Re: Living like a king on pennies
So, did you find a gal on one of the islands and settle there?
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Re: Living like a king on pennies
02-09-2007, 02:09 PM
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#6
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Recycles dryer sheets
Join Date: Feb 2007
Location: Martin Alonzo
Posts: 111
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Re: Living like a king on pennies
Sailing can be expensive. The boat is a good place to use up lots of money. Where I reach the DR. I noticed that the age factor that old men and young woman are not only accepted here but quite command. I always wanted to have children and my wife didn’t want any. So we divorced and I married a Dominican lady we have been together now 4 years and very happy. The labor here is very reasonable to build a house and to live here. Thank all of you for your welcome
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Living life to the fullest
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Re: Living like a king on pennies
02-09-2007, 02:18 PM
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#7
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 816
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Re: Living like a king on pennies
Sounds great. Dear husband and I sometimes toy with the idea of moving to Montevideo, Uruguay. We are planning a trip there in the near future to check it out.
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A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.
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La tavola e il letto non hanno restrizioni.
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Any day your on this side of the grass is a good day.
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Re: Living like a king on pennies
02-09-2007, 07:31 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Re: Living like a king on pennies
Quote:
Originally Posted by d0ug
I noticed that the age factor that old men and young woman are not only accepted here but quite command.
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Really? I'm catching all sorts of hell from 30-something women for talking to 20-something women. I'm in school. I can't help it if my target audience younger than usual, and they don't see to mind at all, so is it really my fault?
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Got retiree health care through your company? What if the company goes bankrupt? Retire and go RVing full time? RVs are not structurally sound. You'll die in a fiery crash. Retire and live overseas? What if you die? Aren't you worried about your body? No, I don't think I will be able to seeing how I am dead.
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Re: Living like a king on pennies
02-12-2007, 06:17 AM
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#9
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Recycles dryer sheets
Join Date: Feb 2007
Location: Martin Alonzo
Posts: 111
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Re: Living like a king on pennies
Quote:
Originally Posted by BunsGettingFirm
Really? I'm catching all sorts of hell from 30-something women for talking to 20-something women. I'm in school. I can't help it if my target audience younger than usual, and they don't see to mind at all, so is it really my fault?
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The life stile here in the DR is very different. I’m 65 this year and my wife is 21. I have not had one person here mention the age difference. If I were in Canada, USA or Europe there would be many people complaining. It is the beliefs and values in the DR that makes the difference. I guess that they think if you’re happy it is your business. It is hard for people to change their beliefs and values when they visit another country
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Living life to the fullest
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Re: Living like a king on pennies
02-12-2007, 06:56 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 1,375
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Re: Living like a king on pennies
Quote:
Originally Posted by d0ug
The life stile here in the DR is very different. I’m 65 this year and my wife is 21. I have not had one person here mention the age difference.
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Welcome to the board, dOug:
P.S. Check for P.M.
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Re: Living like a king on pennies
02-12-2007, 07:06 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,397
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Re: Living like a king on pennies
Quote:
Originally Posted by d0ug
The life stile here in the DR is very different. I’m 65 this year and my wife is 21. I have not had one person here mention the age difference.
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Quote:
Originally Posted by Jarhead*
Welcome to the board, dOug:
P.S. Check for P.M. 
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Whaddya bet Jarhead's sending d0ug a recipe for wheat bread?
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Numbers is hard
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Re: Living like a king on pennies
02-12-2007, 07:08 AM
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#12
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: Living like a king on pennies
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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Re: Living like a king on pennies
02-12-2007, 08:01 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 1,375
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Re: Living like a king on pennies
Quote:
Originally Posted by REWahoo!
Whaddya bet Jarhead's sending d0ug a recipe for wheat bread?
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Now that's an oldie, but goodie.
Actually, I was thinking more in terms that Ha Ha and Eagle43 would be
in contact with him.
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Re: Living like a king on pennies
02-12-2007, 09:12 AM
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#14
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Dryer sheet wannabe
Join Date: Oct 2006
Posts: 18
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Re: Living like a king on pennies
Quote:
Originally Posted by d0ug
I retired from an automotive plant some 11 years ago and set sail for the Caribbean after living on my sailboat for 6 years. Visiting Bahamas, Cuba, Jamaica, Turks & Cacaos and the Dominican Republic. Where I finally settled. I built a 4 bedroom house and remarried. The house was built on my pension CAN 1,600 per month. I also live on the same money. On my pension I live like a king and still put money in the bank. 
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What part of the DR is that?
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Re: Living like a king on pennies
02-12-2007, 09:55 AM
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#15
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Recycles dryer sheets
Join Date: Feb 2007
Location: Martin Alonzo
Posts: 111
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Re: Living like a king on pennies
I live in the north coast near Luperon. I have my house in the countryside half way up a hill with a beautiful view. I realy enjoy the people and the tranquillity.
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Living life to the fullest
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Re: Living like a king on pennies
02-12-2007, 10:00 AM
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#16
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Re: Living like a king on pennies
Quote:
Originally Posted by d0ug
The life stile here in the DR is very different. I’m 65 this year and my wife is 21.
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You are a hero! But have you mentioned kids, how many? What are your plans for taking care of your family when you pass away? You could be gone in 15 years ( sorry to be such a downer) and you will have a young widow and small children, what is their financial recourse?
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Re: Living like a king on pennies
02-12-2007, 10:13 AM
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#17
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Recycles dryer sheets
Join Date: Feb 2007
Location: Martin Alonzo
Posts: 111
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Re: Living like a king on pennies
A percentage of my pension will go to my wife, which is enough to live on. My insurance will make her a millionaire here. I am teaching her how to handle money and educating her in a field that she likes so she will be self-sufficient. As of now we have no children but hope to any time now.
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Living life to the fullest
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Re: Living like a king on pennies
02-12-2007, 01:50 PM
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#18
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Re: Living like a king on pennies
Life insurance, good for you. Will your kids have dual citizenship? That would be very advantagous.
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Re: Living like a king on pennies
02-12-2007, 04:37 PM
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#19
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Recycles dryer sheets
Join Date: Feb 2007
Location: Martin Alonzo
Posts: 111
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Re: Living like a king on pennies
Yes the children will have dual citizenship. They will be bilingual as well and get to know two cultures.
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Living life to the fullest
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Re: Living like a king on pennies
02-13-2007, 05:38 AM
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#20
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Recycles dryer sheets
Join Date: Dec 2006
Location: Marilao, Bulacan, RP
Posts: 55
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Re: Living like a king on pennies
Good to make your acquaintance, D0ug. I live outside the US also, by choice, and while I wouldn't want to use that "live like a king" line (I know too many other US expats here in the Philippines who make themselves a bit obnoxious with that "pennies per day" line, life here is good as well.
I'm also married to a woman 18 years my junior ... not so much age difference as in your case but certainly enough to make for a lot of cold glances and tongue wagging when my Filipino (now dual citizen Filipino/American) wife and I lived in the States, frankly, i don't have time for it ... here in Asia it's considered quite normal and not really anyone's business.
In addition to the laid back lifestyle and definitely cheaper living I enjoy the fact that as I become a senior citizen (I'm 61 this year) I find that I am not shoved aside little by little as i was already feeling in the US. here the "more experienced" are treated with respect and not derision.
With respect to the question earlier about your children's citizenship I find that a lot of Americans don't have much grasp on the concept that the US has no prohibition on dual, even multiple citizenships. A child born to one or both US citizen parents is a US citizen for life, and may be a citizen of their birth country (or mother's country, depending on that nation's rules) as well.
Sometimes citizenship follows birthplace, but not always ... the trivia question for today is what current ruling monarch was born in the USA and is not an American citizen?
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Best regards,
RP
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