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Traveling the World Full-Time on a Fixed Income

Posted by B.C. Hunter on Feb 14, 2021 12:23:11 PM

Traveling teaches us, thrills us and allows us to discover, not just the mysteries of far-flung exotic places, but our very selves. It has the power to change our lives forever.

The reality though, is that the expense of extended travel: transportation, hotel, food and beverage and all other miscellaneous costs, can be out of reach for those living on a fixed income.

Now, for the first time ever, you can live an active, all-inclusive global lifestyle in luxury with the world literally at your doorstep for less than you ever thought possible - and Storylines residents are taking advantage of it. 

Traveling on a fixed income

 

 

As they embark toward the best years of their lives, they are trading in their land homes for a home that offers them a chance to travel the world continuously, and one that also stays within their fixed income.

So who has reserved the majority of the the most affordable residences and what do they have in common? They are people who want to travel the world, embracing a minimalist lifestyle sailing across the seven seas.

“I took the smallest cabin with a balcony that I could find,” said Myla from Arizona. “I look at it as my bedroom. There is a huge amount of space available on the rest of the ship – with spectacular views. Certainly better views than at my current home,” she continued. “I’m selling my house with all the furniture in it, so I don’t have that to deal with. I just need to figure out where to put all these clothes!” 

Traveling the world by condo shipThese intrepid residents living on a fixed income claim that the all-inclusiveness of the ship’s annual fees makes this dream lifestyle possible.

The purchase price of the smallest residences still has some availability in the $308k-$334k price range (though the lowest priced $297k units are gone). If you'd like a balcony, there are currently six priced at just under $500k.

For a couple, the accompanying all-inclusive assessments for these 237-334 sq.ft. residences range from $4,970 to $6,720 monthly (less for singles). The average household spending in America is $5,005 per month, comparable in cost but does't come with all-inclusive living or the world perpetually on your doorstep.
Live at sea and travel the world full time on a fixed income

Those living on a fixed income who are trying to budget for this lifestyle won’t need to consider the following: 

  • Property taxes (none on a ship) 
  • Utilities, cable TV, internet (included) 
  • Homeowner's insurance
  • Home maintenance and repairs
  • Gardener, housekeeper
  • Salon/spa/gym/pool/fitness classes (included)  
  • Vehicle (you can walk to most things - the ship has a cash point, post services, salon, spa, pool, gym, library, restaurants, movie theater, etc) 
  • Food (all meals and beverages including most alcohol are included) 
  • Clothing (everyone has that)
  • Entertainment (movie theater, dancing, lectures, culinary classes, etc)
  • Activities (watercraft, fishing, scuba, diving, snorkeling)
  • Tips and gratuities 
  • Shared office space / conference space
  • Hosting/entertaining friends and family

Condo ship living on a fixed income

 

So, what do you need to budget for outside of the residence and the all-inclusive assessments?  

  • Getting to the ship 
  • Onshore activities. While there are many free activities such as walking through the port towns, seeing the local landmarks and having picnic lunches, we advise a budget for extras such as vineyard tours, safaris and other events. 
  • Hobbies
  • Personal care items 
  • Laptop and phone 
  • Visiting loved ones (unless they are visiting you on the ship)
  • Health and medical expenses

    Checkups with the doctor, nurse or physical therapist at the onboard medical clinic are already included as part of your annual assessments. To ensure you're covered for all eventualities, however, Storylines is currently partnering to develop global health plans for its residents.

Retiring on a condo ship with a fixed income

The best years of your life are in front of you with many great memories yet to be made on-board, and living on a fixed-income doesn't mean you can't dream big.

Just ask Matt & Linda, your future Storylines neighbors:

"Most retirement communities could cost more than $5000 a month and they don’t clean your room, cook your meals, have room service and take you to incredible places.”  ~Matt & Linda

We can't wait to welcome you on board.

Topics: Experience, General, Early Retirement

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