Hummm... just thought of this... wasn't everyone saying they could basically live off of about $1600 a month cruising??
Well, maybe I could ask for a layoff, collect unemployment and just live off the Government for a year... heck and with them extending it, I could even make it 2 years. Wow... I wonder if they would send my unemployment check to the BVI's? LOL
There's a thought. /chuckles
I've been saving money for a lot of years - IRAs and mutual funds, things like that. Been buying a house for 21 years. Did that to keep a roof over the heads of the wife and children.
Kids are all moved out, on their own. We have three vehicles I've bought over the years. They are are our last cars.
The house is being prepped for selling - or at least going on the market this spring I hope. (I'm doing the prep work myself, with one exception, a bathroom that needs some major rework... but, that's in the budget).
50% of my pay check goes into savings and 100% of my wife's is going into savings right now.
A year ago I paid off and stopped using any credit cards (we use only a debit card now).
We still eat out perhaps once a week - but that's ok. It is in the budget.
I still have internet access, cell phone and a home phone. Home phone is going away shortly.
Then there's all that STUFF in the house. Clothing, furniture, extra pots, pans and crap that we've not used in years. I've given my kids one month to trek to the house, find stuff that belongs to them and remove it. If they don't it goes to Good Will, the dump or I sell it.
I have guns to sell, vehicles, tools I won't need on a boat.
When it's all said and done we will have been saving money for thirty years as we could, and the last five in earnest. Our home is a major investment in time and money and it will be worth something when I sell it.
That money becomes my cruising kitty - and I'll easily get five or six (seven if we're very careful and frugal) before my actual retirement pay kicks in - which will easily keep us on the cruising circuit (including a complete rebuild and/or boat replacement at a later time).
That's how it is done.
We are around a year out from our time to "quit" our jobs.
I've been at it since 2008 in earnest.