Join Date: Feb 2010
Location: Narragansett Bay
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Re: Making money while cruising
An option that I do know of is to return home for seasonal work. Stuff the kitty and return to cruising the remainder of the year. It's not a bad plan. One could leave their boat on the hard for hurricane season, for example. Although, I highly suspect many (not all) that practice this have no rainy day savings, no retirement (long term care) plan and no health insurance. They spend what they make. Recoverable if you're a kid, could be financially devastating if you come up craps in middle age.
There is a sailing vlog, Another Adventure, featuring a woman doing this. Works for a stretch, then sails for a stretch. She's somewhere between being a kid and middle aged and had a severe accident. While it was on a Caribbean island, where medical costs are much lower, it still had to be extraordinary: a chest drain tube, immobile arm, etc. She was run over by a powerboat, in her dinghy, at night. Her last vlog, which have understandably halted ever since, showed her on her boat without being able to move her arm. My first thought was that she couldn't afford to stay in the hospital. Might not be true. Still, until she gets use of her arm back, neither the cruising, nor working, are going to happen very easily.
Becoming disabled is about 7-10x more likely than dying, until you reach retirement age.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.