It seems I did leave out a fair amount of detail in that last message and in truth I jotted it out fairly quickly after pouring over my budgeting spreadsheets for the 1000th time.
Yes, I will have a boat and kitty. Like I said, we will be doing the "Sell Up and Ship Out" method and I''m planning for $125000 for the boat (purchase and re-fit) and then somewhere between a $250K-$450K kitty to try and live off of and still protect enough principal to return to land-living down the road (whenver that may or may not happen).
We are both relatively young (early 30''s) so I dont want to bank on this being a completely permanent lifestyle. I can only see so much of the future...
I have nothing against working as we go, but the things I''ve read and seen on boards such as this one make it sound like such a crap shoot of hard-to-find and hard-to-keep opportunities that come with a whole host of legal/bureaucracy/tax/misc complications. So not only does it sound a little intimidating, I''m not confident in banking on this being available.
As for marketable skills, I have no idea. We are both professionals in the legal industry. I''ve been doing Technology and Project Management and she manages Human Resources. Great skills to put on a resume, but they seem to ring a little hollow on a sailboat.
As for other more tangible skills? I don''t know. I have pretty high PC skills. I''ve tutored in a variety of subjects. She used to teach English in Europe. um.. She''s a certified scuba diver if that helps. I''ve always followed the same career path since I got out of high school so I''ve never had to "assess my skillset" to figure out what else I can do.
I guess what I''m asking about are the specific details that go into planning. I see everyone talking about their kitty, boat money, emergency fund, etc. Obviously this isn''t just in a savings account, or is it?
Anyone using a professional financial service? (Morgan Stanley, Charles Schwab, etc)
Has anyone done the "Sell it all and go" thing and run into something I should know about?
Also, how did you ease the transition from paychecks and mortgage payments to kittys and boat payments? As I start trying to plan the details it seems like it will take an amazing amount of coordination to get the timing right between selling house, paying off boat, quitting job(s), refitting boat, selling stuff, packing up and setting off.
I''m trying to avoid the temptation of "Whatever it takes to get on the water, just do it!" since I know I''ll come to regret that approach later. Typically, sailing and rushing to get things done don''t mix well.