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May 22nd, 2017

We Have Navigated Most of the Red Tape

I have just now gotten most of the paper work done, registering with the people in town hall at Destin Beach. That seemed to be the best way to go about it, but of course this is as much retirement as it is a business. That does not mean that you do not have to do all of the stuff the way that it has to be done. The authorities expect you to pay up obviously and just today I have get the Gulf Coast business insurance settled up. They picked a doctor and they sent both me and Captain Roy to see him for a physical, of course they want to make sure that we have a clean bill of health. It is the same thing that the bank is going to want, but they are going to expect me to get a life insurance policy. That is for their benefit in fact, they are not at all worried about my wife and children not having enough money if I dropped dead.

The obvious thing is that the banks are in the business of lending money to people that they expect to repay the loans. It is very simple and obvious, if you drop dead the bank is still going to want to get their money back, so you get an insurance policy that comes along with the bank loan. Of course the boat is really nice, but it is not new. Still it is not a cheap thing and these things burn up gasoline like it is free. Captain Roy is not going to be going to the open gulf waters however and he thinks that the gas it holds should last us about a week. That is good since the thing holds about a thousand dollars worth of gasoline.

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