Join Date: Aug 2008
Location: on way toward New orleans
Thanked 104 Times in 97 Posts
Rep Power: 11
2.5 Years of Cruising Assets Cost
So I've been full time living on the boat and cruising a little more than 2.5 years. In that time I've been very weak and have regularly exceeded the monthly budget of $3k/mo I had planned on. So I wondered how this has all worked out in the big picture so I took a 2.5 year review:
- we have spent approximately $120,500 in this time, all in with no "not countings", starting Sept 16, 2016
- we started with about $475,000 in real assets like cash, 401ks, and some stocks
- the only "income" we have had in this time is about $4500/yr in a rental house the past 1.5 years
- our total asset reduction for this time period is about $10,274 and as of April 29, 2019 we still have $464,726 in same basic mix of assets
- this is the difference of our current assets of real time 401ks, stocks, cash, rental value at the purchase price
So we have cruised 31.5 months and have about $10k less than when we started.
These are the facts and are what they are. It is just something to consider if you get into some "you need $XX" financial manager BS story. Not saying I'm right or wrong in my approach, just that this is a hard $$$$ fact FOR ME. And just wait till what happens in 3 years when I start tapping into whatever is in the Social Security Fund (my money I was made to "invest") as we will be rich then.
I'm providing this info to help planners. I'm NOT interested in the peanut gallery questioning or spinning some story about my numbers, I have an MBA and understand my numbers. I haven't done anything "special" I feel and have taken a moderate to above average level of risk, which included a slam a couple of years ago that I stuck out.
So go forth and cruise before you are old. It's your money so be sure YOU get to spend some of it instead of leaving to your "heirs".
Don't blow air up my rear, be useful and blow it at the sails!
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