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Old 04-02-2014
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Re: Financing a Family Circumnavigation

Quote:
Originally Posted by engineer_sailor View Post
Thanks for the details chall03, those are the kind of details I am trying to understand. I picked those parameters as rough guesses. I also didn't intend to over constrain to circumnavigating, perhaps sabbatical is a better term.

Boat: $100k
Yearly costs: $35k

Is still a solid $250k one had to come up with.

I could see that being in reach for retiring boomers with pensions or houses that appreciated during the housing boom. Might be tough for someone in their 30's today to get to

Josh
We are in our 30's. It is tough but possible, the tough bit makes it worth it!!

The bigger issue for us was and still is leaving and then re entering careers.

Where do you want to cruise??
Do you want the 300k boat or could you do it in a 80k boat?

All these things can change the sums widely.

We seriously thought about selling the house, BJ Porter makes a good case for this. For a myriad of reasons we are not, but it does make a lot of things easier.

Either way yes for a family to go cruising will you have to do something different and makes some changes, very few are doing it with their spare change.
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