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Go Back   SailNet Community > Out There > Cruising & Liveaboard Forum > Escaping the Paradigm with $300,000...
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Thread: Escaping the Paradigm with $300,000... Reply to Thread
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Topic Review (Newest First)
02-16-2010 05:57 PM
bb74 300K single with no attachments is a different story than 300K with a wife and 2 children. Currently in the latter situation, I'd have to say get a boat for weekend and vacations (better yet charter out bareboat for some holidays)...

Put aside 75K for each kid, spend 75K on your boat, and 75K for extended vacations with family and friends. Negotiate a 60 day sabbatical once the boat is set and head out with the family for a few weeks and see where it leads.

I know this is the conservative route but until the kids are independent and equipped to take on the world it's a tough proposition to drop everything and "just go". I realize the only thing we don't get back is "time" but that's a double edged sword when considering children and their needs at certain critical times.

...now 300K and a single without a port of call, that's an entirely different story...
02-14-2010 09:37 AM
tommays The rambling not well written thoughts of and almost 54 year old with a wife that does not like to sail to much and two children finishing Masters degrees

I have chosen to NOT escape and instead set-up my life in a way that allows me to sail on my boat and others as much as i want .(4 days a week+) I do this with a diverse group of M/F people between 15 and 93 and its a LOT of FUN and works for US

Most people with children do need health insurance and believe it or NOT were you live has a great affect on its cost as well as were YOU can see a doctor and have it covered and my costs are much like Johns above 1k a month

Boats ,what every works BUT it changes we spent a LOT of weekends sailing the east End of Long Island with 4 on a J24 BUT a funny think happened

Most of the people we want to take sailing cant really do the J24 anymore which prompted to the move to the Cal 29

Again at 54 having paid 200+ boat bucks for various collage costs (it would have bought a heck of a boat ) i will continue my pay as you go as its whats GOOD for US
02-14-2010 07:36 AM
eryka Sorry to be so slow to respond; internet is pretty sketchy here in Paradise.

*the $20 for the engine included a crane to remove the old engine & put in the new; rebuild/work over the V-drive & work to mate the existing transmission; repitch the prop to be compatible with the new engine RPMs, and etc.

*maintenance: we're feeling lucky so far to be under budget, but that budget includes the annual haulout & bottom paint. When we're back in the Chesapeake in the summer, it'll also include a diver periodically to get the slime off the bottom (yeah, even with new paint!) and, GRRRRR! at least one outboard carburator rebuild every year if we're in the land of ethanol gasoline.

*C-dad, I did too include the grill, under "miscellaneous items less than $1K each" the very last one. But it's been so chilly/windy that we've generally wanted the heat from the stove to warm the cabin, so we haven't used it much. Just traded a few 1-lb propane cylinders to another boat in exchange for some Kaliks.
02-13-2010 10:16 AM
LandLocked66c Interesting topic. I've talked to my wife about this and I think we could be pretty happy with a Cape Dory 25d for around $15k. The rest would be spent on the minimum necessities to stretch the cash for a very long time. But we are willing to live without alot of creature comforts.
02-13-2010 09:57 AM
xort Lets assume it takes 1 year to SAIL around the world. If they spend 90% of their total time doing repairs INSTEAD of sailing, then the total time to circumnav woud be 10 years; 1 year of sailing and 9 years of repairing.
I suspect there is a slight exageration in there somewhere.
02-13-2010 09:38 AM
OpIvy
Quote:
Originally Posted by elkscout View Post
This thread reminds me of another family I read about who circumnavigated the world, and as I recollect, they claimed to have spent approx. 90% of their time doing maintenance/repairs. That is totally asinine. I hope it was an extreme exaggeration. If not, I will not be taking up any bluewater or coastal cruising.
If this was the case then they weren't doing too much sailing.... Like any other vehicle a boat requires maintenance. Personally, if I was a full time cruiser I would strive for as much preventative maintenance as possible and strive for it to be both planned and budgeted. It will cost more but will give me peace of mind which is important. That's not to say that you shouldn't be ready or not expect emergency work but it should be a much smaller percentage of work. If you have a solid boat that is correctly outfitted and a good maintenance schedule you should be able enjoy the lifestyle.

This being said on I can think back to previous boats that I didn't do such a good job on maintenance... But I was willing to absorb the cost and down time and was only using it for inland day sailing.
02-12-2010 04:58 PM
Cruisingdad MMmmm... Eryka is trying to fool you guys. She did not include her new nesting pots or grill in her budget to you. I know for a fact they are there!!!

Sneakkkyyy...

Brian

PS Hope you are doing well! Looking for my next update! Come see us!!!
02-12-2010 01:13 PM
JohnRPollard elkscout,

$20K for a new, 75 hp marinized diesel engine (presumably with transmission), installed, would not be far fetched. That figure might also include some of the "running gear" (e.g. shaft, cutless bearing, dripless shaft seal, etc), which most folks would go ahead and swap if they were going to the effort of replacing engine.

Installation labor can be pretty steep compared to autos/trucks. Access is often very tricky and requires some choreographing. Have a look at this thread to get an idea: http://www.sailnet.com/forums/boat-r...er-beware.html

When paying someone else to perform the installation, it rarely makes sense to "economize" on a re-built engine because the cost of labor can be the larger portion of overall cost. Given the investment in labor, it usually makes more sense to swap for a new engine.

If you're a DIY, of course the costs are very different.
02-12-2010 12:41 PM
elkscout
Wow!

Quote:
Originally Posted by eryka View Post
Thanx Davidpm, we think the boat is "pretty sweet" now ourselves Here's how our numbers broke out:

(all prices in boat bucks, a.k.a, thousands of dollars)

Yanmar engine 20....
This has been a very informative thread. Eryka mentioned budgeting for $500/mo. for maintenance. I'm hoping and wondering with pratically everything replaced, how much of that maintenance budget are you saving?

The $20,000 question is what kind of engine did you guys purchase? Is it silver plated? I realize marine engines go for a premium- i.e. the first website searched showed $7500 for a rebuilt 75hp Yanmar 4 cyl turbo diesel. Even if 10 to 12K for spent towards new one, that would dictate 8 to 10K for installation. As a professional mechanic, sounds like I'm working in the wrong industry. Of course, all that matters is that you have peace of mind.

This thread reminds me of another family I read about who circumnavigated the world, and as I recollect, they claimed to have spent approx. 90% of their time doing maintenance/repairs. That is totally asinine. I hope it was an extreme exaggeration. If not, I will not be taking up any bluewater or coastal cruising.
02-09-2010 11:05 AM
random42 Some good ideas here, but this one caught my eye...

Quote:
Originally Posted by eryka View Post
$400/month for food;
I'm pretty sure my wife spends more than that per week - just on fresh produce etc
This thread has more than 10 replies. Click here to review the whole thread.

 
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