|Topic Review (Newest First)|
|02-03-2011 02:46 PM|
Originally Posted by treilley View Post
A good business person is someone who makes more good choices than poor choices. Right up until she is in the water and I am underway, I will use the same formulas as I do in business.
"If it sounds to good to be true, it is"
"Luck is for those who need it, the rest of us use skill-sets, if not our own, then other people's"
|02-03-2011 02:26 PM|
You could still do well with a recent model Caliber 40lrc for about $250k and still have $50k/year to live on for 5 years.
|02-03-2011 02:17 PM|
Originally Posted by treilley View Post
$6o to 70,000 for the boat, I particularly like the Tayana 37.
30 to 40,000 to get her ready for sea.
$3000 to $4,000 a month for expenses once underway.
Total budget is right around $500,000 for boat and lifestyle.
I would not need to sell my house to make this happen and I have enough aside for retirement if and when it happens. I also have enough to live more than a cruising lifestyle, like mountain climbing, etc.
Sort of like, if I get to Africa, I want to be able to climb Kilimanjaro. When I am in Mediterranean I want to be able to see the sights from more than the cockpit of the boat.
And there is always feeding the photography beast.
Both of my girls are set up now. One is six months away from her Masters in Geology and the other is on her way to being a Business Manager. I don't have to worry about them anymore. That is nice.
|02-03-2011 02:00 PM|
|02-03-2011 01:54 PM|
His V Twin
Her V Twin
Unfortunately, we had to sell them when we departed on our cruise. We loved our bikes but they are easily replaced and the next one is always better.
|02-03-2011 01:51 PM|
If you are waiting to sell the house, do it now or you will be waiting a long time just to get back to what it is worth today. We sold ours last summer and bought our boat. We will live aboard for a few years to get her setup properly and learn all the systems so when we are ready to drop the lines we can go.
We continue to make mortgage payments to ourselves so we will have money down the road to either move back to shore and keep the boat or continue cruising.
You will not have fun cruising if you are always worried about a renter destroying your house. Even the best renters cause damage and then there is the maintenance costs that you will likely not recover.
As for toys, I would love to bring my windsurfer, kayak and mtn bikes but not likely. Maybe some folding bikes and inflatible kayaks. I could build a rack strong enough to carry the full size bikes and my 8ft sinker could likely be strapped to the solar panel frame. Might have to think more about this.
|02-03-2011 01:34 PM|
I am fortunate that the sale of the company will make it possible for me to buy the boat, rig it and pay for 10 years of cruising. I will sell it to my employees for X amount of cash and a payment for 5 years for the remainder. I will also stay on as a consultant for them as long as they wish.
The house I would keep for the kids and maybe for when I am at a point where the water no longer draws me or I am just not able to physically do the work.
You are right though. A yard sale for everything but the most important of things. If I cannot get it below decks, I don't really want it.
|02-03-2011 01:20 PM|
|aquaman9||My wife and I have talked about renting the house out but I do not want to rework our mortgage and I would like to use the equity to make my dream come true. Also I hate being a landlord. I guess I will have to see how the market is when its time to go. Some people that have allready done it say that if you decide to move back to shore that if you sell the home now that you might have to sell the boat at a bad time in order to purchase an new home when you return. The was the economy is right now in my area renting is a better way to go anyway. As for the furniture I'm ready to have a yard sale.|
|02-03-2011 12:39 PM|
Originally Posted by vega1860 View Post
I would turn my home over to a rental agency and put everything into long term storage.
|02-03-2011 12:30 PM|
Originally Posted by riversandbar View Post
|This thread has more than 10 replies. Click here to review the whole thread.|