Join Date: Sep 2003
Location: Auckland New Zealand
Thanked 36 Times in 33 Posts
Rep Power: 17
Re: How big was your pile of cash when you left the dock?
We have retired recently and are starting our cruising in earnest this year. Plan was to leave for Fiji in May but a few days ago discovered that we cannot arrive there with our dog having had rabies innoculation just the other day so now we're probably leaving early July. Mmmmm.
We have our boat fully paid and we're spending about $20k in the next few months bringing her up to spec. We have our home fully paid for and only have basic running expenses (rates, utilities and garden service while we're away). we have a small nest egg in term deposit earning small potatoes in interest. And we have a pension that pays us enough to live on.
Our plan is NZ winters in the tropics and NZ summers at home so "how much did we leave with" is probably a little different to some. We'll probably have a working capital of about $10k but will try to not spend more than we earn (pension) for the first few years. We think this is achievable but the working capital and maybe some boat insurance are available if we're wrong.
I'm always surprised to hear the comments like "We don't have a home, will probably never need one". Are these folks going to live on their boats till they die? We love boats and sailing but I could never imagine being a frail old person living on a boat. Getting on and off, getting in and out, all these things represent a huge challenge for a 90yo. And we're all going to get frail - the other alternative is not as attractive. All I can say is good luck to you. Me? I'll be in my house when the boat becomes too onerous to live on.
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