Originally Posted by killarney_sailor
One other thought that I have not seen mentioned anywhere is that the costs of extended cruising do not happen in a linear fashion. Some months you spend a great deal, in others not a penny. When you first start out the boat is (should be!) in great shape so maintenance is low but increases later and where you can actually buy stuff - for us this was St Martin, Grenada, Australia, American Samoa (USPS), and Souh Africa. Sometimes you have high operational costs for entry and other things. Panama was a perfect storm for this with fees, Canal costs, plus a terrific opportunity for major provisioning before heading into the Pacific.
We are now spending a great deal getting ready to leave South Africa but will spend little in the couple of months after we leave with only a few stops (St Helena and Ascension are not famous for their shopping possibilities). I guess what I am saying is that you need to have a stock of money available to both take advantage of opportunities (good, cheap provisioning opportunities)) and problems (we spent $5000 to get my hand put back together at a private hospital in SA. Without speedy and competent care I might lost use of the hand.
The whole business of paying for cruising is really complicated at many levels. For us, we paid quite a bit for the boat to have a vessel that we could be confident in. We cruise with a moderate lifestyle although take advantage of the opportunities to visit remarkable places, but (and it is a big BUT) we have a significant nest egg if we need it- this also gives us confidence and comfort.
Great post!!!! I guess the advantage to crossing vast oceans is while out there, there is no place to pull out your credit card!!!!
I think the key as it pertains to this discussion is you telling us you have a significant nest egg. I'm sure that gives you the peace of mind to do this. To get to this point you had to have the earning power to be able to accumulate the nest egg while at the same time living life as it was happening before your adventure began. That's the part many average earners will have a problem with.
BTW, median household income in the USA is about $50,000. 72% 0f households make $75,000 or less. At that level of income pulling off a high end world cruise, including buying the boat and supporting yourself, while at the same time raising and educating kids, gonna a tough act!!!
Personally, my hat is off to anyone who does this. First for sailing around the world!!!! In my book, truely impressive! But, my hat is also off to those with the financial forethought and financial will power it takes to pull this off. Absolutely, no small thing!