What would you do? - Page 3 - SailNet Community
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post #21 of 25 Old 04-22-2011
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I was in a very similar situation to you and decided to finish the degree. I had worked parts of 9 years commercially (mostly schooners) and had done a lot of recreational sailing as well. I bought the boat with a few months to go in the degree so that I could get it ready to go, took a job right away and still managed over 50 days a year.

If I had been close to the ocean in a moderate climate, I would have considered buying the boat earlier and living aboard while finishing the degree.
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post #22 of 25 Old 04-22-2011
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Originally Posted by msmith10 View Post
Don't go to law school now unless you can do it for free, or unless you just want the intellectual stimulation and aren't expecting a return on your investment. The market for law grads is bad, has been for a couple of years, and doesn't look better for a while. Law schools are overbuilt and continue to flood the market...
True, but I also know of a successful corporate lawyer, who is also a CPA, lives in Japan, has a wife and kid, made really good money, and hates being a lawyer. Right now he is unemployed and trying to write a book while his wife supports them, but last communication from him is he is going to find a lawyer job again. Better do an internship in a law office to make sure you know what you are getting into.

What he does not like is hiring on as a corporate attorney and then finds the way they want to operate would get him in trouble if their practices came to light. He has also worked for large law practices where unnecessary work is done to pad the bill. His problem is he has high moral standards.

Last edited by LakeSuperiorGeezer; 04-22-2011 at 05:44 PM.
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post #23 of 25 Old 04-22-2011
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When I was 17 I started delivering (under a skipper) yachts for charter companies form the US to the Carribean. I did not get paid but they paid all expenses on the trip including the return air fare. It was great, I got passage experience and sailed to all different areas for free. I did this during college (spring breaks and summers). Later I voluteered on sailing yachts for some environmental groups- great experience.

Looks into doing deliveries and crew positions- you will learn a lot at almost no cost and no worries of your own boat breaking. As others have said- try to minimize debt, buy things with cash- it will make you more free to do what you want to do.
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post #24 of 25 Old 04-22-2011
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Just a question for all those young people, who, with limited financial resourses, want to set off immediately on a life of carefree sailing....what will you do for enough money for the very basics? Probably, while you are young, you can pick up jobs here and there. But how about when you are 50, 60, or 70? People in those age groups have a tough time getting new jobs, but they still need to eat. I can tell from experience, 70 is not that far down the road. For many, there will be health issues additionally.

My recommendation, get the degree in something worthwhile (i.e. a field that will allow you to earn a good living), or if you don't want to go to college, go to a trade school, or similar and get a skill. Either way works. Then work in that field for a while to build a bit of a resume. As to Law School, what is the long term outlook, not the current or past couple of years? Most lawyers I know live pretty well....Save your money, buy the boat and ease into it. p.s. Did I say save some for old age?
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post #25 of 25 Old 04-22-2011
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I'd say, "Take the best of everything". Let's say you are sold on sailing as a teenager and still work through a college degree that gives you financial security. You're still in your early twenties. Don't buy the house in the suburbs, but find a woman with the same professional and financial security and pitch your dreams. Buy a good cruising boat that you can live on and cruise short and local. Raise children aboard if you please and move aboard a larger boat. Retire without money worries by fifty-five and spin the next ten years fulltime cruising. We're visiting our children and grandchild while at a marina in Florida and we're off to Maine next month. It's been a good choice for me,- taking the best of everything! Take care and joy, Aythya crew
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