Cruisers are either rich or fiscally responsible. 5 years ago the dream of cruising to me was light years away. I was stupid with my money
, big house, big cars, big toys and big debt. We make roughly the same as you and have very little saved for retirement
Had we maintained that lifestyle there is no way we could have achieved our cruising goals.
We have sold our large house, and got one more suited to the size of the family
, down to 2 vehicles, sold most of the toys, I do have my motorcycle and current
boat (both paid for). 1 Vehicle has a small loan which will be paid off this year. We have a mortgage that is less then 1/4 of our previous mortgage. Paid off the majority of our debt with the sale
of our previous home. We will be completely debt free in less then 5 years.
We are smart with our entertainment spending, IE dinners out show tickets trips etc.
Save save save is the name of our game
We are choosing to not insure the boat, but only carry liability coverage. Health insurance
we have chosen emergency
coverage only. There will be no other debt, we will sell our current
house if none of our kids
want to live here when we go.
We had talked about renting
the house when we leave, but that is another set of headaches I don't need.
We want no land based expenses when we leave. Vehicles will be sold or donated to charity. furniture will be given to the kids
, sold or stored with family
We have been downsizing our belongings, if we do need to replace something we look used first.
I want a return to land fund, so that will be budgeted. We will be good to go in about 7 years. but are planning 9.
I would leave tomorrow if I could but I wouldn't make it too far.