My wife and I have a 9 year plan. We are in our mid 30's, both earn a decent living and have 3 kids
, we started our family
young and out kids are , 12, 15 and 16.
The kids although they love sailing, packing up and cruising the world is our dream not theirs, they want to visit but not live the cruising lifestyle.
And we have decided to wait until our Youngest is 21, depending on his path he will either be in school
or finishing school
The decision to stay until they are young adults was more for their support than ours, both my wife and I didn't have strong parental support at that age and want to be there for our kids, so they can hopefully get a better start then we did.
This plan puts us in our mid 40's when we leave, our plan is never to return to the "regular" way of life.
We will have a cruising budget
double what we expect to live on, I have also factored in a nest egg for if and when we ever return. We have a small cottage on some land which we built that will serve as a retirement
home in the event of a return to dry land. If not it will stay the family
cottage to be used by our kids and their families as they grow.
Our retirement income is taken care of through government
and personal pensions, as well as a decent RSP plan.
We have spent the last couple years evaluating our lifestyle, we spent the early part of our life trying to "keep up with the Jone's", Big house, fancy cars, expensive family trips, closets full of clothes we only wore once. That all came crashing down about 5 years ago when I lost
my business. The house and the cars were sold, I went back to working for someone else. We went from a 5200 sq foot home to a 1200 sq foot home, from having 3 cars and a motorcycle to 1 car. The expensive family trips, turned into weekends of camping and doing things around the house.
That was when we realized how much happier we were with less, my bills are 10% of what they used to be. We now save money
, rather then running out to spend it.
You only live once and only owe it to yourself to be happy with how you are living.
When our life changed, we discovered ourselves and our true friends.