2.5 Years of Cruising Assets Cost - Page 4 - SailNet Community
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post #31 of 40 Old 05-03-2019
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Re: 2.5 Years of Cruising Assets Cost

Don,

I really appreciate the time and your candor when it comes to sharing how you are financially supporting your cruising lifestyle. Answers to questions about the financial aspects of cruising are not something that you can research in a book and reach a conclusion. Your numbers make it REAL.

I am curious, and forgive me if this is documented in another thread somewhere; what year make and model boat do you have, and what major systems were upgraded before, or since you set off? Please point me to where to look if that info is available.

Thank you!


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post #32 of 40 Old 05-03-2019
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Re: 2.5 Years of Cruising Assets Cost

I see in your user profile page that you have a 2001 Hunter 410. It is similar to the 2004 Hunter 41 DS that I used to teach on, but larger. Is it the 2 or 3 cabin model?


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post #33 of 40 Old 05-03-2019
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Re: 2.5 Years of Cruising Assets Cost

Don has been stand up on this. Several have said in one way or another expense is from the boat. The rest is usually discretionary. Restaurants, alcohol, fancy food or rice and potatoes, synthetic fabrics or cotton etc. But fuel, spares, repairs, maintenance, sails etc arenít. Not if the boat going to move time to time and keep floating.
We have 200g. We went two years buying water. Now have a watermaker. Big expense but big change in quality of life. Thatís a choice. There are many thinks like that. Windscoops, sun canvas, easy sail handling systems etc. yous pay ya money and take ya choice.

s/v Hippocampus
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post #34 of 40 Old 05-03-2019 Thread Starter
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Re: 2.5 Years of Cruising Assets Cost

I have a 2001 Hunter 410 owners version that I bought in 2010 as the second owner. I did no "refit" other to maintain my systems. I've done the following upgrades:

- installed dinghy davits
- installed a FOF prop
- changed anchor to a 60# Manson Supreme and gone all chain
- installed solar (had a 290W system till a few months ago when I upper to 640W)
- installed a diesel generator
- installed a folding helm wheel (a great long term $1000 spend)

Other than this the boat is pretty "stock". Yes there are LOTS of little "make life better" things
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post #35 of 40 Old 05-03-2019
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Im more of the...see the world on $10 a day...type of person.
We all have different plans. Tis interesting. Just keep it fun.
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post #36 of 40 Old 05-03-2019 Thread Starter
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Re: 2.5 Years of Cruising Assets Cost

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Im more of the...see the world on $10 a day...type of person.
We all have different plans. Tis interesting. Just keep it fun.
You know, if you had come to happy hour when I invited you I probably would have paid for the $10 worth of beer. It's a small price to pay to some different conversation.

some SNers I've met are quicker

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post #37 of 40 Old 05-03-2019
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Haha. Ive never been accused of being very bright.
Do look into those MS barrier islands.
Yall will enjoy Nawlins. Do much of the regular tourist stuff. A fun city.
Muffuletta....get yours hot. Be ruined for life
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post #38 of 40 Old 05-04-2019
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Re: 2.5 Years of Cruising Assets Cost

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Originally Posted by outbound View Post
We figured 4% ROI as an average. 40% loss of initial purchase price when we swallow the anchor. 10% of initial boat cost per year for ALL boat costs (clearance, importing, insurance, fuel, maintenance and repairs).
I've always looked at a boat as "sunk cost" because it is obviously a poor investment in most cases. That way when you sell it, it generates "recovered money." That attitude helps keep my stress levels lower.

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Whatís been interesting is when cruising down here or on passage given you anchor not moor or use slips so running a big boat is about the same cost as small (in the 40-60í range). Itís the land and itís edges where boat costs are more size dependent.
Agree. My wife and I prefer larger boats for many reasons. My next one will be either 50ft or 65ft as we've narrowed it down to date. This is power, not sail. But the purpose will be bluewater traveling, not sitting at a marina. If you dry dock only once every 3 years then the land cost amortized isn't so bad.
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post #39 of 40 Old 05-19-2019 Thread Starter
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Re: 2.5 Years of Cruising Assets Cost

the market was down last week because of the "war"

was kind of depressing for me till I took a little longer period look and saw that for 2019 I've still made 10% already

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post #40 of 40 Old 05-26-2019
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Im more of the...see the world on $10 a day...type of person.
We all have different plans. Tis interesting. Just keep it fun.
Good luck!
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