My 3-5 Year Plan toward the Cruising Life
Here''s the dream. I plan to be debt-free on land, buy a good cruising boat suitable for six people or more (40'' plus), and be outfitted and ready to sail through the Pacific and beyond in about four-five years. My wife is supportive, my son is intrigued, and we''ll still have some money to put toward retirement. All this involves selling our SF Bay Area home which has greatly appreciated in value in the last seven years to finance the plan. I think I''ll even be able to squeeze in a cruising budget that could hold me for at least 2-3 years.
But first, I need to learn how to sail and get some cruising experience!
I''m fortunate to have a wife who supports the dream, I''m turning my attentions to the practical considerations of supplementing my income while living the cruising lifestyle (learnig diesel mechanics, for one), and am giving myself about five years to reach that goal. The five years is partially to wear down the debt and gain the requisite sailing experience to do this.
My wife has even tossed out the notion of retiring to the Philippines (she was born there) so our retirement finances could reach further, and it''s a possibility.
Any thoughts appreciated!(I''m 47 last week)